Exchange Types

Exchange rates of currencies of two countries, expresses the ratio to each other. Exchange rates of currencies of two countries, expresses the ratio to each other. Countries, the prices of currency pairs to take money from the central bank by getting what the market or to exchange is determined by the supply and demand. Countries, the prices of currency pairs to take money from the central bank by getting what the market or to exchange is determined by the supply and demand. Types of Foreign Currency Exchange Types Flat Exchange Rate: Flat Exchange Rate: National currency against foreign currency and the value refers. National currency against foreign currency and the value refers. Straight through the exchange rate parity USDTRY parity if we look at the current price of 1584. Straight through the exchange rate parity parity if we look at the current price of USDTRY 1584. This means $ 1 for 1584 to give the Turkish Lira is required. This means $ 1 for 1584 to give the Turkish Lira is required. Nominal Exchange Rate Nominal Exchange Rate The national currency against foreign currencies and the value indicates. The national currency against foreign currencies and the value indicates. Cross Currencies Cross Currencies A third country currency against the currencies of two countries among themselves that is the value. A third country currency against the currencies of two countries among themselves that is the value. Performed in the foreign exchange market-based cross rate most commonly used reference currency transactions are in U.S. dollars. Performed in the foreign exchange market-based cross reference rate most commonly used currency transactions are in U.S. dollars. This is because the U.S. dollar as reserve currency in international markets is the use. This is because the U.S. dollar as reserve currency in international markets is the use. EURTRY = = EURUSD EURUSD * * USDTRY EURTRY USDTRY Spot Exchange Spot Rates Spot price is the exchange rate used in the applied process. Spot price is the exchange rate used in the applied process.