Currency exchange is the process of buying or selling one currency in exchange for another. This can be done through various means such as banks, brokers, or online platforms. The exchange rate is the value of one currency in terms of another and is determined by market forces. Understanding currency exchange is crucial in international trade and investment. It involves factors such as supply and demand, economic policies, and geopolitical events. As a finance professional, it is important to keep track of currency exchange rates and their impact on the global economy.
