Foreign exchange rate is the value of one currency in relation with another. Such value is determined by the existing foreign exchange rate that changes from time to time.
Foreign exchange rate is maneuvered by the market forces called the supply and demand. The rule of thumb is - when the demand for a particular currency surpasses the supply, then the outcome would be for the foreign exchange rate to ascend.
An in-depth tutorial of the basics of foreign exchange rate is widely available online. There is a large amount of free and paid information on the forex market, which you can find online. Of course, there is no amount of information that will guarantee you earn money but it can certainly save you from losing a lot of money
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