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Rate factors FICO

What are exchange rate “factors” ?

A: Exchange Rate factors are the relationships between
one currency and another to which an exchange rate is
applied.
For example you may define the Indonesia Rupiah to US$
factor as 10000 : 1
Combined with an exchange rate of 0.95 this would equate
to 9500 IDR to 1 USD

Confused? Feel free to ask

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