What is average exchange rate?
I'm wondering about the average exchange rate. I want to know what it means and how it's calculated. Is it a fixed rate or does it fluctuate based on certain factors? Can someone explain this to me in simple terms?
What is the average exchange rate in Rands?
Could you please elaborate on the current average exchange rate in Rands? I'm particularly interested in understanding how the rate has been fluctuating over the past few months and if there are any factors that seem to be influencing its movement. Also, is there any expectation of a significant change in the NEAR future? Given the volatile nature of cryptocurrencies, I'm keen to get a sense of the general trend and how it might affect investors in the South African market. Thank you for your insight.