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Currency Converter. Check today's rates. Currency Charts. Review historical trends for any currency pair up to the last 10 years. Rate Alerts. Set your target rate and we will alert you once met
Currency Converter, Exchange Rate. Welcome to CurrencyRate.today webpage. Our main goal is to provide you with exchange rates for more than 190+ currencies which are updated every minute and with our handy currency converter.
Free foreign exchange rates and tools including a currency conversion calculator, historical rates and graphs, and a monthly exchange rate average.
Currency Converter. OANDA's currency calculator tools use OANDA Rates ™, the touchstone foreign exchange rates compiled from leading market data contributors.Our rates are trusted and used by major corporations, tax authorities, auditing firms, and individuals around the world.
Exchange rates are also influenced by countries’ rules and actions that govern their currency, known as their fiscal policy. Interest rates play a large role in exchange rate fluctuation. Favourable interest rate movements will drive demand for a particular currency – driving up its value.
View foreign exchange rates and use our currency exchange rate calculator for more than 30 foreign currencies.
This is a list of circulating fixed exchange rate currencies, with corresponding reference currencies and exchange rates.
USD, EUR and Romanian leu In finance, an exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash, a documentary form or electronically. The higher rate on documentary transactions has been justified as compensating for the additional time and cost of clearing the document. On the other hand, cash is available for resale immediately, but brings security, storage, and transportation costs, and the cost of tying up capital in a stock of banknotes (bills).