What Is Foreign Exchange Rate? Foreign exchange rate, or FX Rate, is the value of a nation’s currency in comparison to that of another nation, usually termed as the domestic currency and the foreign currency, also called the base and the counter currency. If the USD/AUD exchange rate is 1.30, it means that it costs a person 1.30 Australian dollars…
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China’s currency, the yuan, continues to fall. It has just hit its lowest value in almost eight years against the US dollar having declined for eight days in a row. Traders said the yuan has been under pressure recently due to a strong US currency. The dollar has rallied after the shock from Donald Trump’s surprise election win receded. The…
