The ratio at which australian dollars are converted into indonesian rupiah is known as the ________ rate.

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Gavino9482 Gavino9482

21-01-2018
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The ratio at which australian dollars are converted into indonesian rupiah is known as the ________ rate.

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zj360 zj360 · Answer 1 · 2018-01-30T08:53:40+01:00

Exchange

Exchange rate refers to value of one currency in order to convert it into another currency.

If you are converting Australian dollars into Indonesian rupiah, you need to know how many Indonesian rupiah you can buy for one Australian dollar. In this instance, the currency value or Australian dollars is higher than the currency value of Indonesian rupiah, which means you can get more than one Indonesian rupiah for each Australian dollar.