What are the factors used in calculating exchange rates? & how it is calculated?

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What are the factors used in calculating exchange rates? & how it is calculated?

Say 1$ = 100 JPY, and 1 GBP = 200 JPY.. Does this mean that 1 GBP = 2 $??

2006-07-12 01:06:08 · 1 answers · asked by Nish w 1 in Business & Finance ➔ Other - Business & Finance

1 answers

You almost got it. It's not as complicated as that though. The exchange rate is by direct comparison only and is dictated by the closing seller's price at the end of the previous day's business.

2006-07-12 01:11:52 · answer #1 · answered by Ricky J. 6 · 0⤊ 0⤋