Whois & Analysis for xe.com

In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, ER, FX rate or Agio) 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 relation to another currency.

For example, an interbank exchange rate of 119 Japanese yen (JPY, ¥) to the United States dollar (US$) 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 relation to yen is ¥119, or equivalently that the price of a yen in relation to dollars is $1/119.

A currency (from, "in circulation", from) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation.

Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency.

These various currencies are recognized stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies.

Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

In economics, a service is a transaction in which no physical goods is transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.

Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.

Free trade is exemplified by the European Economic Area and the Mercosur, which have established open markets.

Most nations are today members of the World Trade Organization (WTO) multilateral trade agreements.

However, most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or subsidies to exports.

Governments may also restrict free trade to limit exports of natural resources.

Other barriers that may hinder trade include import quotas, taxes, and non-tariff barriers, such as regulatory legislation.

In a social context, trust has several connotations.

Definitions of trust typically refer to a situation characterized by the following aspects: One party (trustor) is willing to rely on the actions of another party (trustee); the situation is directed to the future.

In addition, the trustor (voluntarily or forcedly) abandons control over the actions performed by the trustee.

As a consequence, the trustor is uncertain about the outcome of the other's actions; they can only develop and evaluate expectations.

The uncertainty involves the risk of failure or harm to the trustor if the trustee will not behave as desired.

Vladimir Ilych Lenin expressed this idea with the sentence "Trust is good, control is better".