Welcome to FX Exchange Rate
Welcome to FX Exchange Rate - this is a free and useful website devoted to share live foreign exchange rates prices and charts. It provides currency conversion widgets including currency conversion calculator and exchange rate widget which are free and easy-to-use, using those widgets you can easily get the exchange rates of any currency pairs. It offers history charts of currency pairs by which you can review market history and analyze rate trends. It also offers Currency Rate RSS feed, subscribing to RSS feed of your interested currency pairs you can timely receive updated content.
Major World Currencies Cross Table
|1 USD =||1||0.9333||0.8181||151.525||0.9029||1.38||1.5721||7.2891|
|1 EUR =||1.0715||1||0.8766||162.353||0.9674||1.4786||1.6845||7.81|
|1 GBP =||1.2223||1.1408||1||185.209||1.1036||1.6867||1.9216||8.9095|
|1 JPY =||0.0066||0.0062||0.0054||1||0.006||0.0091||0.0104||0.0481|
|1 CHF =||1.1076||1.0337||0.9061||167.823||1||1.5284||1.7412||8.0731|
|1 CAD =||0.7247||0.6763||0.5929||109.805||0.6543||1||1.1392||5.2822|
|1 AUD =||0.6361||0.5937||0.5204||96.384||0.5743||0.8778||1||4.6365|
|1 CNY =||0.1372||0.128||0.1122||20.788||0.1239||0.1893||0.2157||1|
Exchange Rate History Graphs
Definition of Exchange Rate
Exchange Rate (or forex rate, FX rate, foreign-exchange rate, or Agio) is a relative value between two currencies at which one currency can be exchanged for another. It is also thought of as the price of one currency in terms of another money. For example, the US Dollar (USD) - British Pound (GBP) exchange rate means the relative price of USD in terms of GBP. It is assumed that the USD/GBP exchange rate is 0.62, which means you need £0.62 to buy $1. The exchange rate is commonly used for converting currency (for travel or oversea online shopping), engaging in speculation, or trading in the foreign exchange market.
Where to buy foreign currency in everyday life?
Currency as a medium of exchange is a system of money (monetary units) in everyday use. Different countries use different currencies; therefore, people may need to exchange currencies in some situations. For example, when planning overseas travel, people may buy foreign currency cash, traveler's checks, or a travel card from their home country's bank. As the people arrive at their destination, they can buy local currency at the airport, either from a dealer or through an ATM. Also can purchase local currency at their hotel, a local money changer at a bank branch, or through an ATM. In addition, the traveler may use a credit card to purchase goods in a store if they do not have local currency. When people overseas online shopping, they commonly use a credit card to pay.Besides, people may invest in foreign exchange markets. The world's largest financial market is the foreign exchange market, also called the currency market or forex (abbreviated as FX). It allows investors to buy, sell, exchange, and speculate on currencies, including banks, investment management firms, commercial companies, non-bank foreign exchange companies, central banks, hedge funds as speculators, and retail investors.
What should you do if you would like to invest in foreign market?
Like all investments, investing in the foreign exchange market involves risk. It can bring you high profits but also may make you bankrupt. Therefore, before investing in foreign currency, you should carefully understand all kinds of information about the foreign exchange market. The forex market is the world's largest and most liquid market and determines the relative values of different currencies. Besides weekends, currency trading is continuous: 24 hours a day, from 20:15 GMT on Sunday until 22:00 GMT Friday. In forex, the exchange rate between two currencies constantly changes.
Choosing the right time to invest in the forex market is also extremely important. The currency reflects the strength of its corresponding economy, which is affected by various factors, such as inflation and the state of politics and the economy. The forex market is highly volatile, and investors should be familiar with the dynamic factors influencing the currencies' values to help mitigate these risks and improve their long-term returns.