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Forex question What is forex rate?
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Question by: Henry - 24 Jul 2014, 06:02:37
What is forex rate?
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Answers (2)
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Answer by: Toby - 06 Aug 2014, 05:10:33

It is the price of pair between BID and ASK and the difference is called the spreads.

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Answer by: Samanthar - 12 Feb 2015, 03:47:23

In finance, an exchange rate (also known as aforeign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country's currency in terms of another currency.

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