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Foreign Exchange Resource |
Free Foreign Exchange and Currency Resources Updated Daily: 63 Major Currencies Covered. |
Multi-Day Foreign Exchange Rate Tables |
What is a Fixed Exchange Rate?A fixed, or "pegged" exchange rate, is where a currency's value is matched to the value of another single currency (most often the US dollar), to a group of currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency fixed to it. A currency that uses a pegged exchange rate is known as a fixed currency. |
What is a Floating Exchange Rate?A floating exchange rate, is where a currency's value is determined through open trading on the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency. While these currencies are allowed to "float" on the FOREX market, a central bank will often intervene to prevent destabilization of a currency. |
| The Foreign Exchange (FOREX) rates shown and used the the exchange calculations are derived from publicly available data sources. Please see our disclaimer. |