vahetuskurssideks

Vahetuskurssideks is a term that refers to exchange rates. An exchange rate is the value of one country's currency for the purpose of trading for another currency. For example, if one U.S. dollar will buy 0.90 euros, then the exchange rate between U.S. dollars and euros is 0.90. Exchange rates are determined by supply and demand in the foreign exchange market, which is the largest financial market in the world.

There are several types of exchange rates. A floating exchange rate is determined by market forces and can fluctuate freely. A fixed exchange rate is set by a government or central bank and is maintained through intervention in the foreign exchange market. A managed float exchange rate is a hybrid system where the exchange rate is allowed to fluctuate but the central bank intervenes to prevent excessive volatility.

Exchange rates have a significant impact on international trade and investment. A strong currency makes a country's exports more expensive and its imports cheaper. Conversely, a weak currency makes exports cheaper and imports more expensive. Businesses that import or export goods and services, as well as individuals who travel or invest abroad, are all affected by exchange rate fluctuations. Central banks often monitor exchange rates closely and may take action to influence them if they believe it is in the best interest of their country's economy.