How are currency exchange rates determined?

141 viewsEconomicsOther

Who decides the value of a dollar relative to a euro? Why do exchange rates change frequently?

In: Economics

4 Answers

Anonymous 0 Comments

Everything is worth what it’s purchaser will pay for.

The Dollar to Euro exchange rate is set by the fact that people are willing to exchange certain amounts of Dollars for certain amounts of Euros.

You are viewing 1 out of 4 answers, click here to view all answers.