In the Forex market, an exchange rate refers to the rate at which one currency can be exchanged for another currency. For example, the $1.2300 exchange rate for the EUR/USD means that one has to pay 1.2300 dollars to purchase one Euro.
In the Forex market, an exchange rate refers to the rate at which one currency can be exchanged for another currency. For example, the $1.2300 exchange rate for the EUR/USD means that one has to pay 1.2300 dollars to purchase one Euro.
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