Vahetuskursse

Vahetuskursse, also known as exchange rates, refer to the price of one currency expressed in terms of another currency. These rates are fundamental to international trade and finance, enabling the conversion of different national currencies for transactions, investments, and travel. Exchange rates can be classified into two main categories: fixed and floating. Fixed exchange rates are set and maintained by a country's government or central bank, often pegged to another currency or a basket of currencies, to provide stability. Floating exchange rates, on the other hand, are determined by market forces of supply and demand in the foreign exchange market, leading to fluctuating rates.

Several factors influence exchange rates, including interest rates, inflation, political stability, economic performance, and market speculation. Central banks may intervene in the forex market to stabilize or influence their currency's value, adopting policies such as buying or selling their currency or adjusting interest rates.

Exchange rates are typically quoted in pairs, such as USD/EUR, indicating how much of the second currency is needed to purchase one unit of the first currency. Currency exchange involves various mechanisms, including currency exchanges, banks, and online platforms, often with fees or margins added by service providers.

Monitoring exchange rates is crucial for businesses engaged in international trade, investors, and travelers, as it impacts costs, profits, and purchasing power. Central banks and governments aim to manage their currency's value to support economic stability and growth, balancing factors like inflation, employment, and overall economic health.