The foreign exchange market is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends.
1 US$ = 0.7498 EURO Value changes as per the Forex rates.
Either go to a bank, or to a specialised exchange office, like Forex.
What is a currency pair?It is a currency against another currency, forex currencies are available in pairs, you cannot sell or only buy one currency, you must buy or sell a currency in another currency and this is the reason behind trading in Forex in pairs.Example:The currency of the European euro against the currency of the US dollar, in the language of traders these two currencies are called "the euro-dollar pair" and the symbol for this pair is EUR / USDSecond: Forex Types and Pairs:Major CurrenciesMinor CurrenciesCross pairs (crosses)Exotic Pairs
What country are you talking about?
If you are in a country which uses the Euro, you just go to your nearest cash machine and make a withdrawal. If you are not in a country which uses the Euro, you need to go to a bank or Bureau-de-change and change your money into Euros.
1 US$ = 0.7498 EURO Value changes as per the Forex rates.
The purpose of a Forex trading platform is to bet on the relative values of currency in the "foreign exchange" market. If an investor thinks that the dollar will depreciate (go down in value) in relation to the euro for example, he would make that decision by either investing in the euro or shorting the dollar. He would do this on his online Forex platform
Either go to a bank, or to a specialised exchange office, like Forex.
FOREX is short for Foreign Exchange. It is the conversion of one country's currency for another.
You can convert Euro to USD at your local bank office or at an money exchange shop. You can also do it online at websites such as Forex, CoinMill and many other.
In the forex market you essentially buy a currency from one country with currency from a second country, called pairs. Example: The pair EUR/USD being quoted at 1.28 means that a euro would cost $1.28. The pair USD/JPY quoted at 87.06 means that a US dollar would cost 87.06 Japanese Yen in the spot market.
Forex or foreign exchange rates are the conversion rates between major currencies. These include the US dollar, the Euro, the British pound, the Japanese Yen, the Chinese Yuan and many others.
What is a currency pair?It is a currency against another currency, forex currencies are available in pairs, you cannot sell or only buy one currency, you must buy or sell a currency in another currency and this is the reason behind trading in Forex in pairs.Example:The currency of the European euro against the currency of the US dollar, in the language of traders these two currencies are called "the euro-dollar pair" and the symbol for this pair is EUR / USDSecond: Forex Types and Pairs:Major CurrenciesMinor CurrenciesCross pairs (crosses)Exotic Pairs
I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.
Germany, as the Euro headquarters are located in Frankfurt.
http://www.xe.com/ucc/ a euro is a euro is a euro. country does not matter.
Estonia adopted the Euro as its currency on the 1st of January 2011, to become the 17th country to join the Euro.