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Why when you go to change your yen to dollars the amount that an exchange house wants to give you is far less then what is posted on currency calculators online?
The difference between the exchange rate offered by an exchange house and the rates posted on currency calculators is primarily due to transaction costs and profit margins. Currency calculators often display mid-market rates, which reflect the ideal exchange rate between banks, while exchange houses apply a markup to cover their overhead and make a profit. Additionally, fees or commissions may also be included in the exchange rate offered, further reducing the amount you receive.
What is a good currency exchange rates calculator?
Google has a currency exchange rate calculator as well as xe, x-rates, and Go Currency. Alternatively there are currency exchange rate calculators located at malls where you can exchange one currency for another.
Where can one find a frequently updated exchange rates calculator?
The are many frequently updated exchange rate calculators online. If you feel more comfortable getting your information from a bank you will find most bank websites have a link to an exchange rate calculator that shows the latest updated rates.
Where is a good place to find an exchange rate calculator?
One of the best online exchange rate calculators is called XE, it has live conversion information as well as historical records. XE also has a number of useful tools and alerts available for free.
What are some of the best conversion rate calculators one can use online?
Some of the best conversion rate calculators can be found at websites such as Calculator . [com] and Conversion . [com]. These two websites have conversion rate calculators for free.
How does currency exchange work and what factors influence the exchange rate?
Currency exchange involves the buying and selling of different currencies. The exchange rate is the value of one currency in terms of another. Factors that influence the exchange rate include interest rates, inflation, political stability, economic performance, and market speculation. These factors can cause the exchange rate to fluctuate.
Are there any good money exchange calculators available online?
There are loads of money exchange calculators available online. This is one I use and I find it great: http://www.moneyextra.com/rates/currency-converter.php
How accurate are online mortgage rates calculators?
There are many mortgage rate calculators online and most of them are pretty accurate. That said, the best way to get the most accurate figure available is to use multiple mortgage rate calculators and then use their results to figure out the average rate.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
How do you calculate exchange rate?
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
What is the rate and the unit rate of 4 calculators cost 125.00?
125 ÷ 4 = 31.25
What is an unfavorable exchange rate?
unfavourable exchange rate movement
