Exchange Rates and Currency Exchange
This page discusses how to calculate currency exchange rates and exchange rates. An exchange rate is the value of a state's currency's value compared to another state's. In addition to the rates we examined previously, there are other exchange rates, known as the onshore and offshore rates. An onshore rate favors the national currency traded within its borders. In contrast, an offshore rate is slightly higher for national currency traded outside the state's borders. What is the relationship between restricted currency and the offshore exchange rate?
Things To Watch Out For
When working with currency exchange, probably the trickiest element is that you have to choose one of two inverse exchange rates depending on which way the money conversion is taking place. In any currency situation, it is important that you take the
time to understand the basis on which the currency rate is being expressed. Typically, exchange rates are expressed on a per-unit basis in the country's domestic currency. For example, Canadians express the US dollar exchange rate on a per 
basis. From the cross-rate table, that exchange rate is 
. In contrast, Americans express the Canadian dollar exchange rate on a per 
basis, or 
.