Foreign exchange rate - Kawase rate (English)

Japanese: 為替レート - かわせレート（英語表記）foreign exchange rate

The exchange rate between one country's currency and another. It is also called the exchange rate or foreign exchange rate. It is the rate of exchange of different currencies when they are traded in the foreign exchange market, and indicates the external price of one country's currency. There are various types of exchange rates, such as the selling rate and buying rate set by the exchange bank, the spot rate and futures rate depending on the timing of delivery of the payment, the Japanese currency rate and the foreign currency rate depending on the display method, the customer rate and the interbank rate depending on the trading partner. There are two methods for determining exchange rates: a fixed exchange rate system in which the fluctuation range of the exchange rate is limited to a very narrow certain range, and a floating exchange rate system in which the exchange rate is determined by the supply and demand relationship in the foreign exchange market. Currently, major developed countries use the latter.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

一国の通貨と他国の通貨との交換比率のこと。為替相場または外国為替相場ともいう。為替市場で取引される際の異種通貨の相場であり，一国の通貨の対外的な価格を示したものである。この為替相場の種類には，為替銀行から建てた売相場，買相場や，対価の受渡時期の違いによる直物相場，先物相場，表示方法の違いによる邦貨建相場，外貨建相場，取引相手の違いによる対顧客相場，銀行間相場などがある。また為替レートの決定方式には，為替相場の変動幅がごく狭い一定範囲内に限られる固定為替相場制度と，外国為替市場の需給関係で決められる変動為替相場制度があり，現在主要先進国では後者が採用されている。

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