What does the exchange rate mean

exchange rate; It is the value of each country's own money according to the money of other countries. For example, an average of $ 1 in our country is 1.30krş. value. This is called exchange rate. Exchange rates are divided into flexible exchange rates and fixed exchange rates.

The value of your money may increase or decrease in flexible exchange rate. In the fixed exchange rate, your money is of the same value.

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