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The three exceptions to this rule are the British pound, the Australian dollar and the Euro. In these cases, a quote of GBP/USD 2. 0574 implies that one British pound equals 2. 0574 U. S. dollars. In these three currency pairs, where the U. S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U. S. dollars to equal one pound, euro or Australian dollar.

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S Dollar as both economies have many factors and events affecting this exchange rate phenomenon such as gold reserves, balance of payments of each country, unemployment rates in addition to inflation rates, crisis in other countries, as well as many other implications .

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By doing so, if the US dollar loses value against the Nigerian naira, your profits gained from investing in the US company would remain the same!In fact, a significant amount of daily trading volume in the global Forex market comes from large scale international companies hedging their foreign investments.

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So, as a way to build your own thought and ‘feel’ the heart of a business, do NOT begin exchanging as well on 10 sets.

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Exchange Rate also known as forex rate, FX rate, foreign exchange rate, or Agio is a relative value between two currencies at which one currency can be exchanged for another currency.

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