Exchange Rate

The exchange rate is the price of a country’s money in relation to another country’s money. For example, if you want $100 US Dollars, and you have only UAE Dirhams (AED). When you go to the bank they will tell you you can get $100 US Dollars for AED 369.00, so $1 US Dollar = AED 3.69, in this example, so this is the exchange rate for US Dollar to AED (UAE Dirham).

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