Exchange Rate

Date Published:
Jun 01, 2006
Category:
Economic Issue of the Day
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EID 2006 Vol. VI No.3

Today, the exchange rate is P52 = US$1. Yesterday, it was P51 = US$1. So what does this mean? What is exchange rate anyway? What does it show? Why is it important? And how is it determined? All these are explained in this short writeup of the Economic Issue of the Day.



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