Understanding Exchange Rates: A Simple Guide for Everyday Users

What Are Exchange Rates?

An exchange rate tells you how much one currency is worth in another — like how many naira equal one dollar.
These rates change constantly based on demand, interest rates, trade balances, and economic confidence.

Why Rates Fluctuate

• Inflation: Higher inflation weakens a currency.
  
  
• Interest rates: When rates rise, currencies often strengthen.
  
  
• Supply & demand: The more people buying a currency, the stronger it becomes.
  
  
• Market news: Economic or political events can cause sudden spikes or drops.
  
  

Knowing this helps you plan transfers at the right time.

How Afriex Keeps It Simple

Afriex handles the complexity for you — no need to watch the markets daily.
With real-time exchange rates and no transfer fees, you always know what you’re getting.

✅ Transparent rates
✅ No hidden markups
✅ Instant delivery

Whether you’re sending money home, paying a business partner, or funding your card, Afriex gives you clarity and confidence.

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