How do I get the most out of foreign exchange rates?

How do I get the most out of foreign exchange rates?
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1 Answer

Answer :

In order to ensure that you are going to get a safe exchange rate when you go out of the country you may want to talk to your bank and possibly to a travel agent.
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Related questions

What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of exchange derived from the quotations for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Description : What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of ... for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Last Answer : Answer: A rate of exchange between two currencies, other than those that form a markets principal rates

The ratio of foreign rates to domestic rates measured in the 'same' currency is known as:a) Real exchange rateb) Nominal exchange ratec) Superfluous exchange rated) None of the above

Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall B. U.S. imports tend to rise and exports tend to fall C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant

Description : Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall ... C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant

Last Answer : B. U.S. imports tend to rise and exports tend to fall

Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against foreign currencies B. Depreciate against foreign currencies C. Be officially revalued by the government D. Be officially devalued by the government

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

Where can I find out more about currency exchange rates?

Description : Where can I find out more about currency exchange rates?

Last Answer : Here is an online currency exchange rate converter that also has some information about the rates: http://www.xe.com/ucc/ or you can check out http://www.x-rates.com/ for another good currency site.

Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Last Answer : (a) and (b) above

Have you seen cash exchange rates that are worse than travelers check rates?

Description : Have you seen cash exchange rates that are worse than travelers check rates?

Last Answer : Check with your bank to see if they charge an international fee for ATM use. Some banks charge this while others do not. If you are lucky enough to have a no-charge bank, this is often the cheapest ... 's cheques cost 1% as well. That said carrying large amounts of cash with you is not very safe.

What is the difference between Fixed Exchange rates and Floating Exchange rates? -SST 10th

Description : What is the difference between Fixed Exchange rates and Floating Exchange rates? -SST 10th

Last Answer : . When exchange rates are fixed and governments intervene to prevent movements in them, it is called fixed exchange rates. . While, when rates fluctuate depending on demand and supply ... markets in principle without interference by governments, it is called floating or flexible exchange rates.

Why exchange rates important?

Description : Why exchange rates important?

Last Answer : For any exchanges the rates are always involved, to decide itsparticular market value.In Foreign Currency Exchange market, exchanged products arecurrencies, so we say the rate on behalf of ... rates reflect a country's economic status,growth status, stability when compared to Another Country.

Why exchange rates important?

Description : Why exchange rates important?

Last Answer : For any exchanges the rates are always involved, to decide itsparticular market value.In Foreign Currency Exchange market, exchanged products arecurrencies, so we say the rate on behalf of ... rates reflect a country's economic status,growth status, stability when compared to Another Country.

Where can I find the currency exchange rates for Japan?

Description : Where can I find the currency exchange rates for Japan?

Last Answer : If you search currency exchange rates for Japan it will show you exactly how much it is. You can even plug in numbers and it does it right for you. There are many places you can go.

What are the money exchange rates around the world?

Description : What are the money exchange rates around the world?

Last Answer : Exchange rates are always fluctuating. There are many places to find out what they are at this specific time. Here is reliable website to find the current information: http://www.x-rates.com/

What are the money exchange rates in Great Britain?

Description : What are the money exchange rates in Great Britain?

Last Answer : Coinmill.com has a current money exchange calculator on their website. This calculator includes many countries currency to exchange from. The country's money to exchange from would have to be provided.

The main objective of International Monetary Fund (IMF) was to A. Promote International trade B. Help economically backward countries C. Maintain stable exchange rates D. Promote international liquidity

Description : The main objective of International Monetary Fund (IMF) was to A. Promote International trade B. Help economically backward countries C. Maintain stable exchange rates D. Promote international liquidity

Last Answer : Help economically backward countries

The International Monetary Fund is important because: A. It has sufficient financial resources to deal with a major global financial crisis. B. It has sufficient financial resources to help individual countries facing balance of payments problems. C. Emerging economies can exercise significant influence on it. D. It fixes exchange rates.

Description : The International Monetary Fund is important because: A. It has sufficient financial resources to deal with a major global financial crisis. B. It has sufficient financial resources to help individual ... C. Emerging economies can exercise significant influence on it. D. It fixes exchange rates.

Last Answer : It has sufficient financial resources to help individual countries facing balance of payments problems

Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Description : Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : b) Nominal exchange rate

Which theory is used to make long run predictions about exchange rates in a flexible exchange rate system?

Description : Which theory is used to make long run predictions about exchange rates in a flexible exchange rate system?

Last Answer : Purchasing Power Parity Theory

Which of the following is usually not one of the top considerations in choosing a manufacturing location? a. availability availability of labor and labor productivity b. productivity b. exchange rates exchange rates c. attitude attitude of governmental governmental units d. zoning regulations e. entertainment entertainment opportunities

Description : Which of the following is usually not one of the top considerations in choosing a manufacturing location? a. availability availability of labor and labor productivity b. ... attitude attitude of governmental governmental units d. zoning regulations e. entertainment entertainment opportunities

Last Answer : d. zoning regulations

Average Rate is the mean of the exchange rates in force during a period.

Description : Average Rate is the mean of the exchange rates in force during a period.

Last Answer : TRUE

Which exchange-rate system involves a “leaning against the wind” strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run? A. Pegged or fixed exchange rates B. Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Description : Which exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the ... pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Last Answer : C. Managed floating exchange rates

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transactions

Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Description : Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Last Answer : A. Floating exchange rates

Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Description : Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Last Answer : a single partner tend to utilize:

The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates

Description : The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates

Last Answer : B. Gold and adjustable pegged exchange rates

hich exchange-rate system involves a “leaning against the wind” strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run? A. Pegged or fixed exchange rates B. Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Description : hich exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over ... Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Last Answer : C. Managed floating exchange rates

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transaction

Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Description : Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Last Answer : A. Floating exchange rates

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

Which exchange-rate mechanism calls for frequent redefining of the par value by small amounts to remove a payments disequilibrium? A. Dual Exchange rates B. Adjustable Pegged Exchange Rates C. Managed Floating Exchange Rates D. Crawling Pegged Exchange Rate

Description : Which exchange-rate mechanism calls for frequent redefining of the par value by small amounts to remove a payments disequilibrium? A. Dual Exchange rates B. Adjustable Pegged Exchange Rates C. Managed Floating Exchange Rates D. Crawling Pegged Exchange Rate

Last Answer : D. Crawling Pegged Exchange Rate

Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual Exchange Rates B. Managed Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Description : Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual ... Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Last Answer : A. Dual Exchange Rates

The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is: A. Freely Fluctuating Exchange Rates B. Adjustable Pegged Echange Rates C. Managed Floating Exchange Rates D. Pegged or Fixed Exchange Rates

Description : The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is: A. Freely Fluctuating Exchange Rates B. Adjustable Pegged Echange Rates C. Managed Floating Exchange Rates D. Pegged or Fixed Exchange Rates

Last Answer : C. Managed Floating Exchange Rates

How to Calculate Exchange Rates ?

Description : How to Calculate Exchange Rates ?

Last Answer : How to Calculate Exchange Rates If you're going to get money from a relative overseas, it pays to know how much the money sent to you costs in your country's currency. Exchange rates are good indicators ... are high, so that you can make the most of every dollar and cent foreign currency is worth.

Mark correct option a) The resetting of the credit meter of the franking machine will be done at the POb) Cut out labels with frank impression on them for prepayment of postage cannotbe used for insured articlesc) The 2nd class articles treated as 1st class mail in sorting are Greetins/ Regd Newspapers/ Wedding invitationsd) The duty of taxing postage on foreign articles rest entirely with the office of foreign exchange of the country of postinge) All the above

Description : Mark correct option a) The resetting of the credit meter of the franking machine will be done at the PO b) Cut out labels with frank impression on them for prepayment of postage cannot be used ... articles rest entirely with the office of foreign exchange of the country of posting e) All the above

Last Answer : e) All the above

Mark correct options a) A post office or Sorting office or section which exchanges mails with offices in foreign countries is known as ‘Office of exchange”. b) A Foreign post office is an office of exchange in which the work of assessment of customs duty on foreign mail is also carried out. c) A Sub foreign Post office is does not close and receive any bags but in which the work of customs examination, assessment and accounting of custom duty is carried out. d) All the above

Description : Mark correct options a) A post office or Sorting office or section which exchanges mails with offices in foreign countries is known as Office of exchange . b) A Foreign post office is an office ... of customs examination, assessment and accounting of custom duty is carried out. d) All the above

Last Answer : d) All the above

I want to do a foreign exchange in England, is Bristol a good city choice?

Description : I want to do a foreign exchange in England, is Bristol a good city choice?

Last Answer : answer:yeah it’s got a great music scene too, but it is quite expensive. Northern England is a lot cheaper, and Manchester, Leeds, Sheffield are all great! I’ve heard Newcastle is fun too, but you probably wouldn’t be able to understand the language. I ♥ Sheffield…

I need ten questions to ask a foreign exchange student.

Description : I need ten questions to ask a foreign exchange student.

Last Answer : answer:I would have several questions prepared but only to start a conversation. If you pepper him or her, he will perhaps be self-conscious about his English, shy or overwhelmed. Start with ... his country and speak some of his language. What would make you comfortable and less tongue-tied?

What's a good place in the USA to trade foreign currency at the face exchange rate?

Description : What's a good place in the USA to trade foreign currency at the face exchange rate?

Last Answer : You’ll probably do best at your own bank if they do exchanges.

What is the most cost effective way to exchange foreign currency?

Description : What is the most cost effective way to exchange foreign currency?

Last Answer : Counterintuitively, it is often credit card companies which offer the fairest exchange rates, but too late! You already chose cash. Try Bank Leumi. They have an international reputation for fair exchange, and you don’t have to get sheckles :)

What is the best month of the year to exchange U.S. Dollars for foreign currency?

Description : What is the best month of the year to exchange U.S. Dollars for foreign currency?

Last Answer : ad would know this one he works with the currency every week day but i cant answer this one sorry

How can industrialization assist in bringing in foreign exchange? -Geography

Description : How can industrialization assist in bringing in foreign exchange? -Geography

Last Answer : For the development of the country industrial development should be the main concern which will eradicate poverty and unemployment. Public sector industries and joint sector ventures in India consider ... which increases trade and commerce of the country which in turn brings foreign exchange.

Which industry does not earn foreign exchange for India? -Do You Know?

Description : Which industry does not earn foreign exchange for India? -Do You Know?

Last Answer : answer:

Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Description : Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Last Answer : answer:

From which export does India earns maximum foreign exchange? -Do You Know?

Description : From which export does India earns maximum foreign exchange? -Do You Know?

Last Answer : answer:

Which industry earns the second highest net foreign exchange from the trade? -Do You Know?

Description : Which industry earns the second highest net foreign exchange from the trade? -Do You Know?

Last Answer : answer:

When will the Foreign Exchange Control Act come into force ?

Description : When will the Foreign Exchange Control Act come into force ?

Last Answer : The Foreign Exchange Control Act came into force in 1973 .

What is foreign exchange ?

Description : What is foreign exchange ?

Last Answer : Foreign exchange is generally the exchange or exchange of foreign currency of one country with another.

Basic characteristics of the global foreign exchange market

Description : I have a question, please, What are the basic characteristics of the development of the global foreign exchange market in terms of individual transactions? Does anyone know? Thanks, he's in a hurry

Last Answer : The current situation is not favorable in virtually any country. the biggest snag is the existence of two parallel problems - one is the problems of the banks and the other is the debts of the ... centrally, and no one has dealt with the Greek side pushing euro banknotes as a race. (tuxedo)

How globalization will help to increase foreign exchange reserves?

Description : How globalization will help to increase foreign exchange reserves?

Last Answer : How globalization will help to increase foreign exchange reserves?

1. Regulate the foreign exchange : FEMA : : Regulate security market : __________

Description : 1. Regulate the foreign exchange : FEMA : : Regulate security market : __________

Last Answer : Complete the correlation: 1. Regulate the foreign exchange : FEMA : : Regulate security market ... of shares of sick public sector : Disinvestment

Host a Foreign Exchange Student and Explore a New Culture?

Description : Host a Foreign Exchange Student and Explore a New Culture?

Last Answer : Student exchange programs are for the adventurer of life, thosewho love to try new things and people who love exploration. Thereis no better way to learn a different culture than by experiencingthat culture. ... ; the family can learnjust as much. The two can teach each other a new language, bothl