Finance, Forex and Investments

What is a foreign exchange rate? How do foreign exchange rates affect imports and exports?

Pick a country and tell me about the exchange rate of the U.S. dollar versus that country. Has the exchange rate changed recently? Why?

Public Comments

1. In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.
2. I'm new to this exchange of rate on currencies but it is obvious why the dollar has plummeted after it was taken off the gold exchange. gold was the spine of the dollars worth now it is a spineless wimp unable to stand.
3. Foreign exchange rate is kinda the same thing as the ratio of 2 currency. Usually the currency are paired with USD. The common pair is EU/USD and GBP/USD. If the rate for EU/USD is 1.57, that's mean 1 USD is equal to 1.57 Euro.