Trading Currency for Profit?

Foreign Exchange traders buy and sell currencies on the open "FOREX" or Foreign Exchange market. Traders may profit from small intraday swings or longer term trends in the values between commonly traded currency pairs. FOREX trading has become increasingly popular due to the availability of online FOREX trading resources and the low barrier to entry: There are no trade commissions charged on FOREX trades other than small built-in spreads and margin accounts of 100:1 or more are very common.


Exchanging Currency for Travel? For Business?

Banks and other institutions charge consumers a fee for currency conversion or foreign exchange. This fee is built into the currency exchange rates that they offer to customers. Consumers can typically expect to pay 4% when exchanging currency in small amounts "over the counter". These rates can be more or less depending on where and how you exchange your currency. You can expect to pay more - 7 to 9% - at retail outlets or in "convenience" locations like airports or foreign ATM's. You'll likely get the best exchange rate from your bank or a dedicated foreign exchange company. The foreign exchange rates posted on this site are daily "market" rates used by large financial institutions and currency traders.

 

Major Currency Pair Rates

Currency
Value
Updated
EUR/USD
1.2292
12/18/2014
EUR/CHF
1.2039
12/18/2014
EUR/GBP
0.7850
12/18/2014
EUR/JPY
146.08
12/18/2014
GBP/USD
1.5659
12/18/2014
GBP/CHF
1.5338
12/18/2014
GBP/JPY
186.09
12/18/2014
USD/CAD
1.1594
12/18/2014
USD/CHF
0.9795
12/18/2014
USD/JPY
118.84
12/18/2014
AUD/JPY
97.065
12/18/2014
AUD/USD
0.8168
12/18/2014
BTC/USD
310.78
12/18/2014

Daily FOREX Updates

Updated daily. 67 Major currencies covered. Free foreign exchange rates and currency charts: Major currency pairs, currency converter, exchange rates by date and more. We are your foreign exchange rate and currency resource.

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