Exchange Rates and Currency Exchange
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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?
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Answer
- More, since C$1 becomes US$1.0218
- More, since AU$1 becomes MXN$12.5814
- More, since MXN$1 becomes ¥6.7540
- Less, since C$1 becomes €0.7137