Supply Chain Glossary

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Exchange Rate


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

An exchange rate, also known as a foreign-exchange rate, Forex rate or FX rate between two currencies is the rate at which one currency will be exchanged for another.  Exchange rates are determined in the foreign exchange market, where the spot exchange rate refers to the current exchange rate, whilst the forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 12 Nov 2021
Output growth hampered further by material shortages, but expansion in new orders remains sharp
   Source: Markit US Manufacturing PMI   -  IHS Markit
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