Currency Exchange Rates Knowledge Base
Why do currency exchange rates change every day? The system of currency exchange rates has always facsinated me. I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day? Is this somehow helping the economy? Or is it hurting it?
How are the currency exchange rates determined daily? We see that the Foreign currency exchange rates keep fluctuating daily...Who decide those rates and what are the factors and parameters that are considered for this? Also who decides how much currency can a country create in tis mint? Thanks in advance!!
How are currency exchange rates calculated? The US Dollar is declining in value against the British Pound and the Euro, but the decline versus the Euro is greater. If US interest rates are reset lower, I am told that the value of the Dollar versus the other currencies declines further. These exchange rates are calculated to four decimal places, indicating significant precision. If the Chinese Yuan is set higher than it currently is, what will that do to the Dollar versus the Pound and the Euro?
How can the currency exchange rates be calculated? How can the currency exchange rates be calculated? and on which parameters does it depend? For example, Kwaiti Dinar has the highest currency value (1 Kuwaiti Dinar = 3.79176 U.S. Dollars), does that mean Kwait's economy is stronger than the U.S.? or the exchange rates are measured upon factors other than economy?!
Where to get the best exchange rates on currency? Where is the best place to get the best exchange rates, banks, currency exchange businesses etc. I have about 2000 Yuan from China left over from the Olympics and am looking for somewhere where i can get a good rate.
How are caclulated foreign currency exchange rates? Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark. . Who creates foreign exchange rates? Please be specific. Thanks I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
What effects currency exchange rates? I understand that exchange rates encourage / limit international trading, and I understand that the changes are similar to the stock market and supply and demand. But, these numbers... where do they come from? Who decides? Is there an international committee of bankers that decide what they feel like charging people? Who decides that the GBP should be worth 1.98 against the USD instead of 1.70? I am ignorant, please enlighten me.
What would you like to ask?currency exchange rates on ebay? why is the exchange rate quoted on paypal 3 cent different than the current bank exchange rate when converting from sterling to euro i bought an item on ebay a little while ago and when i went on to an online currency converter and the exchange rate was 85.3 pence sterling /1.00 euro while the paypal exchange rate is 82.3 p sterling/1.00 euro
Floating and fixed currency exchange rates??? I've never delved too deeply into this so I don't know how it works. Why do some countries have fixed exchange rates and other countries have semi-floating exchange rates? Like the pound sterling is maintained artificially high through the U.K. governments interference and the Chinese yuan is maintained artificially low. Isn't this like a license to steal? Couldn't a government in theory manipulate rates to hoard foreign currency. Why doesn't the WTO or whatever agency regulates this stipulate that everyone has to have a floating currency? Remember, I only looked into this subject casually so I don't know if I'm way of base or not.
How do you get the best exchange rates on currency ? My last trip to Europe was 5 years ago. I was told at the time the rate of exchange at the airports in Europe was a rip off. So I ordered by currency from a local bank, which claimed to "waive" the fee. After watching the rates until they were what I thought to be my best, I found that the bank used an entirely different rate, much to the advantage of the bank. Should I order currency here or wait to I get to England and Italy?
Who controls the UK's foreign currency exchange rates? In view of the UK's lowest exchange rate against the Euro this week and a plummeting exchange against the US dollar aswell, I wondered who dictates their settings and why can't they be higher to give us Brits a better deal when we're going abroad?
Is using foriegn currency and exchange rates to gain money illegal? Due to the recent strength of the pound and weakness of the US dollar, I had an idea that if I swapped cash from my UK bank account to my US bank account I'd gain money if ever the UK pound became weaker. I didn't actually do this, but I worked out that if I'd turned £1000 into US dollars in November and converted it back now (as the pound has dropped a bit) I'd probably gain £100-£200. Is this practice legal?
Where can I get the best currency exchange rate in San Francisco? I'm going to Thailand and want to exchange some US dollars for Thai Baht before I leave. However, the Travelex currency exchange rates say that $1=28 baht, whereas most websites online say $1=33 or 34 baht. And banks charge a bunch of fees to have the currency shipped to them. I was wondering where is the best place to exchange currency in San Francisco that has better exchange rates? or should I just change it in Thailand?
how to get live currency exchange rate data to use in a website? Im building a website which has to display live international currency exchange rates. I dont know from where i can get this data. I see several websites have this feature so I'm sure its possible to include live ticker of currency trading values. Can anyone point me in the right direction Thanks alot Vijay
question about currency exchange rates? why do the rates fluctuate? what factors affect/decide the exchange rate? if someone could explain this to me clearly and concisely i'd really appreciate it! thanks!
Currency exchange rates? Does anyone know a good site for currency exchange rates? I tried a few but I believe they may be outdated. I'm trying to find out the exact exchange rate for the United States dollar to SEK (Sweden) and Euro. Google is different from the other sites.
Currency/Exchange Rates-PLS HELP!? Can you please give me the currency/exchange rates(in AUD) of these countries. (Website links also helpful): Germany Fiji Brazil Help much appreciated!!!
Who exactly determines the currency exchange rates? I know it sort of depends on what currency is hot and what is not (based on imports/exports and things of that sort) What I'd like to know is who exactly determines: "X of $ = Y of £" .... and who approves it.
How is the actual figure for currency exchange rates set? For example, the exchange rate may be $US 2 = £UK 1. This fluctuates according to the variations in currency sales etc, I understand that. But what person or organisation actually states what the value is and sets the "official" exchange rate? If I set up a bureau de change and needed to know what the exchange rates are today, what is the actual source of that information? I don't want answers like "it's in the newspaper or on the internet" - I want to know where those figures originate. For example, the exchange rate may be $US 2 = £UK 1. This fluctuates according to the variations in currency sales etc, I understand that. But what person or organisation actually states what the value is and sets the "official" exchange rate? If I set up a bureau de change and needed to know what the exchange rates are today, what is the actual source of that information? I don't want answers like "it's in the newspaper or on the internet" - I want to know where those figures originate. PLEASE UNDERSTAND THE QUESTION BEFORE ANSWERING! I am not stupid, I realise supply and demand changes the figures, and I realise banks etc set their own values but these are based on a basic rate for that day. If the supply or demand changes, by what method does that translate into the figures for that day? Answers from people who have not read this question properly will be given a low rating.
I enjoy watching currency exchange rates as given by yahoo, but lately the charts are stuck in Sept. Why? See: http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5d This is a yahoo site that shows the exchange rate from the US dollar to the Canadian dollar. It used to be current, but lately the graph seems stuck at October 13th even though the current spot price is current. What am I doing wrong? Or...where can I find a daily/5day/monthly/yearly currency exchange graph that is either current (real time) for free, or "a bit late" as such things often are if you want them free. When investing in Canadian companies it is worthwhile to "exchange currencies" at a time I think is favorable. Wish I had exchanged a lot of US dollars for Canadian back a bit when one US dollar purchased 1.35 Loonies (as Canadian Dollars are called). Today it is 1:1.21, so funds I exchanged at 1.35 have actually appreciated 10%. Thanks
How do you purchase the IPO Alibaba? from USA or is there a currency rate exchange? Im interested in purchasing more stock. I have never purchased stock on a foreign stock market. Alibaba is a company that has opened an IPO recently, however, it is on the Hong Kong Stock Exchange. What procedures are taken when purchasing internationally. Does the currency rate calculated before purchase or will the dollar amount be reflected during purchase? Im confused and need someones expertise.
current Currency exchange rates Rupee vs Thai Bhat? Hi, I am travelling to bangkok , pattaya and Puket for 10 day's form india. I would like to kow following thing's if anyone could help me i would really appreciate it. (1) What is the current Currency exchange rate between Rupee And Thai bhat . (2) From Bangkok airport to bangkok city, its around 30 kms, Which form's of transportation are available. And how much does it cost's. (3)We need a accomadation , Room's should be decent neat and clean, Not too Expensive not very Cheap. Max i can spend every day is about Rs.1,000 Can you suggest me some hotel's . If possible send me some Site names also. (3)In the city which places are of intrest , which is the cheapest mode of transportation. (4) What modes are available for Transportation from bangkok to Pattaya and from Pattaya to Puket. And how much approx will it cost. I will be going in First week of July 2008, what other activities can i do. Please be as descriptive as possible. I would really apprecite it.
Graphs of historical foreign currency exchange rate Where can I find historical foreign currency exchange rates in GRAPH form (i.e. as curves, not tables), not limited to just a few months, but for at least 8-10 years (preferrably all time)? SDD, thanks, but it has only tables, no graphs? Thanks, Jurij-EU!
U.S. dollar value for currency exchange rates? What is the U.S. dollar value for the following exchange rates... 1.) $1= 1.20 canadian dollars 2.) $1= 140 yen 3.) $1=.5 australian dollars 4.) $1= 6 swedish krona 5.) $1=1.5 swiss francs those rates listed above are NOT the answers...they are A PART of the QUESTION.
How does a government-supported health care system affect that country's currency exchange rate? For example, if the Canadian government were to decide not to provide national health care to its citizens, mandating that employers pay part or all of the premiums instead, what would happen to the value of the Canadian dollar, and, therefore, the competitiveness of Canadian exports to the US? My econ professor brought this up last week and I've been noodling over it ever since. Would this weaken or strengthen the Canadian dollar and why? Thanks much!
Unit Rates And Currency Exchange Rates? wow need like crazy help.... 1.1 trillion miles are driven to move the mail in the United States per year. Find the rate traveled per week. Round to the nearest million miles
currency exchange? I am confused with the rates of exchange. I received a 10 yuan from someone and checked on line to see the exchange rate. I continued to see different exchange rates between different countries and the USD. Anyway my question is, if you can get per say 500 of a certain currency for one usd, does that usually mean that you can buy a lot more there for "less" if we were to be talking about its cost in USD?
currency exchange rates? if something cost £8.99 and shipping is £5.00 total cost for item in american currency is what?? thanks alot!
currency exchange rates? if something cost £8.99 and shipping is £5.00 total cost for item in american currency is what?? thanks alot!
currency exchange rates? if something cost £8.99 and shipping is £5.00 total cost for item in american currency is what?? thanks alot!
currency exchange rates??? do you think we will have a single currency in the world one day? what impact do you think it will have on individual wealth?
Currency exchange? I'm going on holiday to Paris. With all the Euro thingy going on, would it be better to exchange currency in the UK or would I get a better exchange rate once I'm actually abroad? BTW I'm going to Paris.
Currency Exchange? What is the better rate for exchanging currency? banks or exchange centers. I went to the bank to buy Euros but the rate they were charging seemed too high
Currency Exchange? Does anyone know where to find out the currency rates? Which web site is the best?
currency exchange? what is the american dollar worth in england ? in american money ? i've went to the exchange websites and still don't understand the exchange rate.
When and why do countries change from Fixed Currency exchange rate to Freely trading one.? Please read my question in the following context. USD to Indian Rs (INR) exchange rate is approx 1:44 however as per the PPP (Purchasing Power Parity) the real rate is 1:10. This is controleed by Indian govt. However they are working on a 5 year plan to make the Indian currency fully convertible. Does that mean the exchange rate would move towards the real raito ? It might be useful to keep in ming the high projected economy growth rate and the opening up of economy by Indian government. India is opening up its retail and other service industries, which the big investors are eagerly waiting for a long time. Retail alone is expected to be bigger than IT. NYSE has already bought 5% stake in Indian National Stock Exchange and 60 billion dollars is waiting to enter the Indian financial market (mutual funds). Befor ending my this posting, I would really like to thank you for all your time and help to answer my question.
Need a USD/JPY currency exchange rate for webpage? I have a website, and I want to place a small box where I can see the currency exchange rate between USD and JPY. I want it to be updated regularly and automatically. I found a few in Google gadgets but they aren't exactly what I need... I only want USD/JPY, and no other currencies. For example, like this: USD to JPY = *current rate* Does anybody know of a good place where I can get that sort of thing? I would greatly appreciate your answers on this one.
zimbabwe's currency exchange rate to the dollar? I read some articles and they were all current with different rates. One said $56 USD was 1 million ZBD. Another said bread is 6,000 ZBD which they said was 34 cents. What IS THE REAL RATE and what does some typical items in Zimbabwe cost and exchange it to dollars..... EXAMPLE : a pen is 280 ZBD which is 1 USD
Floating Exchange Rates? With so many arguments for and against floating currency exchange rates, I cannot decide what to support. Please choose a side and convince me which position to adopt. In your essay, include both logical reasoning and empirical facts, or economic history since 1973,
Explain the multi-market dynamics of a monetary expansion taking into account floating exchange rates......? QuestionForeign Exchange Markets, etc. Explain the multi-market dynamics of a monetary expansion taking into account floating exchange rates. For instance, suppose a rise in the money supply impacts the domestic money market by lowering interest rates: >>>>In what ways would the resulting change in domestic interest rates influence the foreign exchange markets and currency exchange rates? >>>Would incomes likely rise or fall in such an open economy? Please explain some reasons why?
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