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Foreign Exchange Resource |
Free Foreign Exchange and Currency Resources Updated Daily: 63 Major Currencies Covered. |
Foreign Exchange Rates |
How are Foreign Exchange Rates Set?Exchange rates are sensitive to a great variety of factors. Exchange rate fluctuations are usually caused by the actual flow of money, as well as predictions of global macroeconomic conditions. Currencies are traded against one another in an open market that operates 24 hours a day during the week. Rates on this site are updated from public sources once daily during the week. |
Who Participates in the FOREX Market?Many large multinational companies trade currencies in order to exchange currencies between their operations in various countries. However, a large portion of the foreign exchange market is made up of currency traders who speculate on changes in exchange rates. Currency traders try to take advantage of small fluctuations in exchange rates. |
The Foreign Exchange (FOREX) rates shown and used the the exchange calculations are derived from publicly available data sources. Please see our disclaimer. |