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
1.3407
06/18/2013
EUR/CHF
1.2319
06/18/2013
EUR/GBP
0.8582
06/18/2013
EUR/JPY
127.68
06/18/2013
GBP/USD
1.5622
06/18/2013
GBP/CHF
1.4354
06/18/2013
GBP/JPY
148.78
06/18/2013
USD/CAD
1.0209
06/18/2013
USD/CHF
0.9188
06/18/2013
USD/JPY
95.236
06/18/2013
AUD/JPY
90.400
06/18/2013
AUD/USD
0.9492
06/18/2013
BTC/USD
108.89
06/18/2013

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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