Discuss How Exchange Rates are Determined
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Discuss how exchange rates are determined using supply and demand. Give some examples. Minimum of 50 words. What is the current exchange rate of the U.S. to Japan, Canada, Germany, and Mexico currencies? What is the date and source of your exchange rates?
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The solution provides detailed discussions on how exchange rates are determined using supply and demand.
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A market based exchange rate will change whenever the values of either of the two component currencies change. A currency will tend to become more valuable whenever demand for it is greater than the available supply. It will become less valuable whenever demand ...
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