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What is Exchange Rate

Handbook of Research on Global Hospitality and Tourism Management
The price of one currency expressed in terms of another currency.
Published in Chapter:
The Impact of Exchange Rate on Tourism Industry: The Case of Turkey
Meryem Samirkaş (Yuzuncuyil University, Turkey) and Mustafa Can Samirkaş (Mersin University, Turkey)
Copyright: © 2015 |Pages: 12
DOI: 10.4018/978-1-4666-8606-9.ch007
Tourism sector that is increasingly important in the world economy, developing rapidly in Turkey and provides a serious contributions to country's economy because Turkey consistently has a current account deficit, tourism is an important source of income. There are many factors affecting tourism; it is clear that the industry can be affected by changes in macroeconomic variables, just like any other economic focus. In this context, it is possible that the foreign exchange rate and changes in the value of various currencies can affect tourism, especially with regards to the demands of the tourists themselves. By using the Johansen cointegration and Granger causality tests, this chapter focused on identifying the relationship between currency exchange rates and the demand for tourism in Turkey.
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Visualizing Indicators of Debt Crises in a Lower Dimension: A Self-Organizing Maps Approach
The exchange rate between two currencies is the market price for one currency in terms of the other, i.e., the rate at which one currency may be converted into the other. Exchange rates may be either fixed (e.g., the gold standard) or floating. A floating exchange rate moves with the demand and supply on the international financial markets. In general, an increase in demand of the domestic currency causes an increase in the value of that currency, and vice versa.
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Measuring the Impact of Financial Crisis: A Financial Stress Index for Turkey
Between two currencies is the rate at which one currency will be exchanged for another.
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The Effects of Exchange Rate on Export Performance in Tanzania: An Empirical Research for Financial Competition
The exchange rate is the value of a country’s currency in terms of one unit of the other country’s currency.
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