The U.S interest rates rate high when it comes to foreign exchange, because we do a lot of trading with other countries, which makes our rates go up a lot higher.
The Federal Reserve controls the interest rate at which federal banks lend money. This, in turn, has a cascading effect, in which other banks interest rates are determined based on the rate set by...
Exchange rate is the rate at which one country's currency is changed for another country's currency. For example the rate at which one dollar can be changed for pound sterling or any other currency.
interest rate can be seen as the price of a currency, if it goes up, then the value of investment would rise as well, thus making this currency more desirable comparing to others, leading to an...