Money Management & Personal Finance : What Determines the Foreign Exchange Rate?
To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate. Avoid exchanging money with countries that spend more money than they bring in with advice from a financial consultant in this free video on currency exchange. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
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Thank you for your explanation. I found it both interesting and practical. The credit card advisement is a wise tip. Thank you for the post.
yep, you get the best exchange rates… but you also pay the highest fees… On the other hand, if you change cash, you’ll get more money…