|fx rate by month||1.31||0.6||3217||45|
The answer to the relationship between fx rates and interest rates is under normal conditions, if interest rates are low, so will the value of a currency be, and if interest rates are high, the general rule of thumb is currency from that country will be stronger as well.Where to exchange currency at the best rates?
The following are some of the best and least expensive places to convert currency: Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.What are the average exchange rates?
The term "average exchange rate" is defined in section 1 (1) of the Act and means, in relation to a year of assessment, the average exchange rate determined by using the closing spot rates at the end of daily or monthly intervals during a year of assessment. This rate must be applied consistently within that year of assessment.What is FX exchange rate?
Exchange Rate (also known as forex rate, FX rate, foreign-exchange rate, or Agio) is a relative value between two currencies at which one currency can be exchanged for another currency. It is also thought as the price of one currency in terms of another currency.