An Exchange Rate (FX Rate) is the rate or price between two currencies which one currency can be changed to another currency at the rate. The Exchange Rate forecast is a critical project financial risk, and the possible mitigation strategies are a buying insurance and a foreign exchange futures hedging. The Foreign Exchange Rate can be determined by the interest rate, inflation rate, trade balance, economic growth, and political stability, etc.
Related Definitions in the Project: The Cost Estimate (Estimation); The Economic Reviews; Project Cost
