Use this form to dynamically generate an exchange rate table that compares the currencies
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.
Link directly to this result here:
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.