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The Daily Capital
NEWS & MARKETS · Lesson 87

Currency & exchange rates 101

Daily Desk · Editorial5 min read
Why does a trip abroad suddenly cost more, or your imported sneakers get pricier? Exchange rates — the constantly-shifting price of one currency in another.

Money itself has a price. A dollar is worth a certain amount of euros, yen, or pesos — and that number changes every second. Exchange rates quietly shape travel, the prices you pay, and the global economy.

— Educational, not financial advice.