by Andres Rueda
Article by Peter Lawlor
Currency exchange rates are the rates of one currency needed to purchase or sell the currency of another country. Every nation of the world has an official currency in which they conduct business. The international exchange rates are calculated on a daily basis, based on the results of foreign currency trading activity for the day.Foreign exchange rates are calculated by two different ways: direct and indirect. A direct rate is also known as a
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