TeachMeFinance.com - explain Par Of Exchange
Par Of Exchange -- The precise equivalency of a given sum of money of one country with the like sum of money of another country into which it is to be exchanged.
Par of exchange -- The par of foreign exchange is the fixed intrinsic
value of the currency unit (monetary unit) of one country
expressed in the terms of the currency of another country
which uses the same metal as a standard of value.
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