Selling rate: Also known as the foreign exchange selling price, it refers to the exchange rate used by the bank to sell foreign exchange to customers. It indicates how much the country's currency needs to be recovered if the bank sells a certain amount of foreign exchange.
What is Open market rate?
The open-market rate is the rate of interest paid on any debt security that trades in the open market. Debt securities include government bonds, corporate bonds, certificate of deposit (CD), municipal bonds and preferred stock.
What is the best currency to invest in 2021?
- Bitcoin (BTC) Market cap: Over $882 billion.
- Ethereum (ETH) Market cap: Over $447 billion.
- Binance Coin (BNB) Market cap: Over $86 billion.
- Tether (USDT) Market cap: Over $78 billion.
- Solana (SOL) Market cap: Over $52 billion.
- Cardano (ADA) Market cap: Over $44 billion.
- U.S. Dollar Coin (USDC)
- XRP (XRP)
What is the best currency to buy in 2020?
Yen, euro and U.S. dollar banknotes of various denominations. The Japanese yen and Swiss franc remain relatively safe bets, Morgan Stanley said Tuesday, but the investment bank picked the U.S. dollar as the best safe-haven currency in what's left of turbulent 2020.Yen, euro and U.S. dollar banknotes of various denominations. The Japanese yen and Swiss franc remain relatively safe bets, Morgan Stanley said Tuesday, but the investment bank picked the U.S. dollar as the best safe-haven currency in what's left of turbulent 2020.19 Aug 2020