The Importance of Understanding Exchange Rates

There are about 167 different currencies in the world today. Those who are actively engaged in Forex trading should monitor the constant changes in the global market. Usually, the American Dollar is the standard of comparison between these currencies. The highly sought Kuwaiti Dinar stands strong at 1 is to 3.65 dollars while the Vietnam Dong is a measly 1 is to 20, 850 which makes it the weakest currency in the world.

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