Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Rate of Exchange

Updated on 2023-08-29T11:57:22.571113Z

Rate of Exchange is an amount of money a foreign currency holder receives in domestic currency for exchanging foreign currency in the domestic region and vice versa. The rate of exchange is dynamic and tend to change on a daily basis with respect to the change in the quoted currency. For example, if 1$ today equals 0.7USD, a change in USD (due to economic factors in the U.S.) could either decline or increase the quote, depending upon the increase and decrease in value, respectively.