Foreign Exchange Rates

Use this form to dynamically generate an exchange rate table that compares the currencies of your choice.
Simply select a primary currency and a second currency to exchange it against. Lastly choose the number of days to show in the table. Calculated foreign exchange rates are based on our daily currency updates.

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How are Exchange Rates Set?

Exchange rates are sensitive to a great variety of factors. Rate fluctuations are usually caused by the actual flow of money, as well as predictions of future global economic conditions. Government policy announcements or economic reports can strongly effect currency rates and active traders keep a close watch on economic policy. 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 Foreign Currency Market?

Many large multinational companies trade currencies in order to facilitate the flow of money between their operations in various countries and in order to hedge against rate changes. Governments may also participate in forex markets in order to manipulate or stabilize currency values. 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 fluctuations in exchange rates.

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