Nominal exchange rate (E): The price of a currency is expressed through different currencies that correlate not mention buying goods and services between them. Nominal exchange rate is the rate commonly used in daily transactions on the foreign exchange market.
+ real exchange rate is the rate to be determined on the basis of the nominal exchange rate adjusted by the rate of inflation found between domestic and foreign countries, so it is an indication of relative purchasing power between the local currency and foreign currency.
+ Fixed Rate (official exchange rate) is the rate quoted by the Bank announced and no change in a period of time.
+ floating rate (market rate) is the exchange rate is formed according to demand and supply of foreign exchange. This exchange rate fluctuations often lobed on the situation of supply and demand of foreign currency on the foreign exchange market.
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