Source: Images by Video Scribe, License Held by Colton Cranston
The cost of one country’s currency relative to another’s.
Goods and services sold and transported outside a country of origin to a foreign country.
A mechanism for exchange rate pricing; a floating rate moves with market forces; a pegged rate is a maintained value of a currency where the value is maintained by a central banking of foreign exchange regulating body and is typically defined in a range.
Goods and services brought in to a country and produced by foreign nationals.