The price of a national currency relative to other national currencies is known as Exchange rate.
- A country's trade and the flow of money between nations are impacted by the exchange rate, which is the rate at which one currency will be exchanged for another.
- A currency's exchange rate is the price at which it will be exchanged for another currency.
- The majority of exchange rates are considered to be "floating," meaning that they can alter according to market supply and demand.
- There are some exchange rates that are fixed or linked to the value of a particular nation's currency.
- Exchange rate fluctuations have an impact on businesses by altering the cost of imported supplies and the demand for their goods from foreign consumers.
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