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Rating:In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an interbank exchange rate of 119 Japanese yen to the United States dollar means that 119 will be exchanged for each US$1 or that US$1 will be exchanged for each 119. In this case it is said that the price of a dollar in terms of yen is 119, or equivalently that the price of a yen in terms of dollars is $1/119. Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday.
read moreThe London Stock Exchange is a stock exchange located in the City of London, England., the Exchange had a market capitalisation of US$6.06 trillion, making it the third-largest stock exchange in the world by this measurement. The Exchange was founded in 1801 and its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. The Exchange is part of the London Stock Exchange Group. London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years.
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