- Turning over but not starting - The MGF
- Exchange Rate. Money Management
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Turning over but not starting - The MGF
119, or equivalently that the price of a yen in relation to dollars is $1/119.
Exchange Rate. Money Management
Exchange rates are determined in the foren exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. The spot exchange rate refers to the current exchange rate.
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The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
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In some areas of Europe and in the retail market in the United Kingdom, EUR and GBP are reversed so that GBP is quoted as the fixed currency to the euro.
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