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119, or equivalently that the price of a yen in relation to dollars is

119, or equivalently that the price of a yen in relation to dollars is $1/119.Exchange rates are determined in the foreign exchange market,[2] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. The spot exchange rate refers to the current exchange rate.The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.

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119, or equivalently that the price of a yen in relation to dollars is $1/119.

Exchange rates are determined in the foreign exchange market,[2] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. The spot exchange rate refers to the current exchange rate.

/119.Exchange rates are determined in the foreign exchange market,[2] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. The spot exchange rate refers to the current exchange rate.The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.

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In order to determine which is the fixed currency when neither currency is on the above list (i.e.

both are "other"), market convention is to use the fixed currency which gives an exchange rate greater than 1.000.

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