Forex exchange rate today

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The idea is that central banks use the fixing time and exchange rate to evaluate the behavior of their currency. Fixing exchange rates reflect the real value of equilibrium in the market. Banks, dealers, and traders use fixing rates as a market trend indicator. The mere expectation or rumor learn more here a central bank foreign exchange intervention might be enough to stabilize the forex exchange rate today. However, aggressive intervention might be exchabge several times each year in countries with a forex exchange rate today float currency regime.

Central banks do not always achieve their objectives.