![]() The concept of globalization has spread deeply across most of the nations in today’s era and hence most of the companies are diversifying their scale of operations from the county of origin to other countries spread across the globe gradually. But in 2022, the value of 1U.S.$ is equivalent to around Rs 73. Here, the foreign exchange rate compares one countries currency with another nation's currency to show their relative value.Īll the standardized currencies across the globe float in value with their demand, supply, change in their values over time, consumer confidence and so on.įor Example: Way back in 2011, the value of the 1 U.S. The term foreign exchange rate refers to the rate at which the price of the domestic currency is stated in terms of another country's currency.
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