Foreign Exchange Rates

Use the form on the right to dynamically generate an exchange rate table that compares the currency of your choice to the full range of available currencies on a given date. Calculated foreign exchange rates are based on our daily currency updates.

Currency Name Symbol Date

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What is a floating exchange rate?

A floating exchange rate 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.

How Are Currencies Traded?

Currencies are traded against each other. Each pair of currencies constitutes an individual currency product and is traditionally noted XXX/YYY, where XXX and YYY represent the three-letter currency codes. For example, EUR/USD (Euro versus the US Dollar) may be bought or sold on the FOREX market.

Currency Facts

Hedging is the practice of offsetting risk, often by purchasing one position to protect another position.


Forex Charts

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