scorecardresearchForeign exchange rate: How can it affect your overseas travel plans? An explainer

Foreign exchange rate: How can it affect your overseas travel plans? An explainer

Updated: 06 Sep 2022, 08:17 AM IST
TL;DR.
The predetermined rate at which one currency is exchanged for another is known as the foreign exchange rate. Depending on economic circumstances, the exchange rate may increase or decrease. Let us discuss it in detail below.
The predetermined rate at which one currency is exchanged for another is known as the foreign exchange rate.

The predetermined rate at which one currency is exchanged for another is known as the foreign exchange rate.