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=== Other classifications === ; According to the payment method in foreign exchange transactions: * Telegraphic exchange rate * Mail transfer rate * Demand draft rate ; According to the level of [[foreign exchange controls]]: * Official rate: The official exchange rate is the rate of exchange announced by a country's foreign exchange administration. Usually used by countries with strict foreign exchange controls. * Market rate: The market exchange rate refers to the real exchange rate for trading foreign exchange in the free market. It fluctuates with changes in foreign exchange supply and demand conditions. ; According to the international exchange rate regime: * Fixed exchange rate: It means that the exchange rate between a country's currency and another country's currency is basically fixed, and the fluctuation of exchange rate is very small. * Floating exchange rate: It means that the monetary authorities of a country do not stipulate the official exchange rate of the country's currency against other currencies, nor does it have any upper or lower limit of exchange rate fluctuations. The local currency is determined by the supply and demand relationship of the foreign exchange market, and it is free to rise and fall. ; Whether [[inflation]] is included: * Nominal exchange rate: an exchange rate that is officially announced or marketed which does not consider inflation. * Real exchange rate: The nominal exchange rate eliminating inflation
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