cryptohunter
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The exchange rate for transactions conducted through an EMI account is determined by market forces, including supply and demand, political stability, and economic conditions in the countries involved. The exchange rate is determined by the foreign exchange market, which is a decentralized market that operates 24 hours a day, five days a week. The exchange rate can fluctuate based on a variety of factors, including interest rate differentials, economic indicators, and political events. The EMI may also use a benchmark exchange rate, such as the interbank rate, to determine the exchange rate for transactions. However, the actual exchange rate used for a transaction may differ from the benchmark rate due to various fees and spreads charged by the EMI.
