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“Currency Exchange”Business Article #1January 30, 2018The significance of foreign currency exchange rates is that it shows the value of one country’smoney compared to others. It determines the value of foreign investment, which is important to everyeconomy. Just like any other product, supply and demand determine a currency’s value.Fluctuations
can cause an increase or decrease. The differences in currency rates such, as unstable exchange rates,would discourage investors since they would not be able to accurately predict their future investmentreturns. The biggest and most important difference is the value that one country’s currency holds. Forexample, one US Dollar is equivalent to 63.77 Indian Rupee.Converting Dollars into another currency can seem difficult, especially when in a foreign countryand there is a language barrier. That is why it is always good to know beforehand the exchange rate valueand how to convert dollars to another currency. I experienced his first hand while living in Japan.
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United States dollar,dollar,yen,foreign currency exchange