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Floating exchange rates refer to the way in which a currency’s value is determined by the foreign exchange market, through the forces of supply and demand. This...
Foreign currency exchange services may include a variety of fees such as currency conversion fee, service charge or commission, ATM withdrawal fee, wire transfer fee, credit...
The Birr has tumbled against the dollar and euro. Dollar is at 40 Birr and Euro is at 48 Birr despite the government’s measures to boost...
The spot rate is considered the "cash" price for a currency, as it is the rate at which a currency can be bought or sold for...
