It will be the inverse of 0.4 i.e., 1 ÷ 0.4 = 2.5 liras per dollar.
The rate in liras per dollar is "2.5".
What is Exchange Rate?
An exchange rate is a rate at which one currency will be exchanged for another currency between nations or economic zones. It is used to determine the value of various currencies in relation to each other and is important in determining trade and capital flow dynamics.
Exchange rates for floating currencies are based on the demand and supply of one currency versus another. The exchange rates between two currencies shift as the demand and supply for each change.
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