Currency exchange rates play a crucial role in the global economy. They determine the value of one currency compared to another, influencing trade, investments, and tourism. Fluctuations in exchange rates impact the cost of imported goods and can affect a country's competitiveness in the international market. Understanding exchange rates is essential for businesses and individuals involved in foreign transactions. Factors such as economic stability, interest rates, and geopolitical events influence currency movements. Monitoring exchange rates can help individuals and organizations make informed decisions when exchanging currencies. Keeping an eye on market trends and seeking professional advice can help manage risks associated with currency exchange.