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6.3.2 - Determination of foreign exchange rate

Unit 6.3.2 - Determination of foreign exchange rate in foreign exchange marketThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the demand for and supply of a currency in the foreign exchange market and the determination of the equilibrium foreign exchange rate.The exchange rate refers to the value of one currency in terms of another currency. It is typically determined by...

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