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Here is an online currency exchange rate converter that also has some information about the rates: http://www.xe.com/ucc/ or you can check out http://www.x-rates.com/ for another good currency site.
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How does a currency appreciate?
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency.
How much do eg tesco charge for currency exchange is it more expensive to convert currency at airports etc?
Tesco has its own rates, so do the airports. If you want to know which is best, you can check out their individual rates.
Where can a tourist find information on exchange rates?
There are many places on the web where a tourist could find information on exchange rates. One looking for more information on exchange rates could look at sources such as X-Rates, CurrencyConverter, XE, and Yahoo Finance.
what is trading and what are the types of trading?
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
Where will someone get the best exchange rate when buying foreign currency?
Paying more than one needs to when exchanging currency is a terrible waste of money. Someone can get the best exchange rate when buying foreign currency by visiting a bank because banks likely will have the best exchange rates.
where can i get the Daily Updates on Currency Exchange Rates?
Gulf exchange offers Daily Updates on Currency Exchange Rates. We offer foreign exchange services, buy and sell, at competitive rates on more than 35 global currencies. Gulf Exchange is always the pioneer in adopting technology. With our 60 seconds credit facility, customers can send money instantly to selected bank accounts in India, Bangladesh, Sri Lanka, Philippines, and Nepal.
Why do people use exchange rates?
Exchange rates are the rates at which one currency is converted into another. People use them because some currencies have more buying power than others, so exchanging them all at 1-to-1 would be very unfair.
Where can one find the post office exchange rates?
Post Office exchange rates can be found online on the post office website. Using their system, the user can enter the value for which they want conversion into a different currency. They can also check exchange rate comparison websites to see if the Post Office provides the more cost effective deal.
Exchange Rates for Business or Pleasure?
Currency exchange rates fluctuate constantly. The currency exchange market enables one to transfer currency from one country to another. The exchange rate depends on the relative strength of each country's currency. A United States resident traveling to China may convert his United States dollars into Chinese Yuan. Currently, one United States dollar is worth approximately 6 Yuan. Companies also rely on the currency exchange market to conduct business internationally. Banks generally conduct the transaction, either on their own behalf as speculation or on behalf of a client. Nearly ninety percent of currency exchange rates involve the United States dollar. Part of this high percentage is due to the relative strength of the dollar. Part of this percentage is due to the fact that the United States dollar is a "vehicle currency". In many exchanges, one must purchase United States dollars prior to purchasing currency from the country of his choice. For instance, when converting Malaysian currency into South African currency, one first converts the Malaysian currency into United States dollars. Then the United States dollars are exchanged for South African currency. With an average daily turnover measured in trillions of dollars, it pays to monitor the currency exchange rates. Spot trades occur when an individual or company needs to exchange currency immediately. A business traveler who finds himself with an unexpected side trip to Russia will find himself at the nearest bank exchanging his present currency for rubles. When leaving a country, many visitors exchange their vacation currency back into their native currency at the airport. Forward trades occur when an individual or a company contracts to exchange currency at some point in the future. In this transaction, the individual is betting that the exchange rates will be more favorable at the time of the scheduled transaction. This strategy requires a through knowledge of exchange rates, historical trends, and financial forecasting. Options are forward trades without the contract. Each party enters into an agreement to buy or sell a foreign currency at some point in the future. However, if the exchange rates are unfavorable for either party, the exchange does not occur. Again, one should be well versed in currencies, exchange rates, and financial forecasting in order to take advantage of foreign exchange options.
Where can one compare NZD to USD?
One can compare NZD to USD rates on currency exchange websites including Travelex, WorldFirst, UK Forex, CoinMill, Bloomberg, Yahoo Finance and many more. One may also visit their local currency exchange store for current exchange rates, which may change on a daily basis.
Where can one find more information about purchasing foreign currency?
One could visit the website Foreign Exchange Services for more information on purchasing foreign currency. Another option it to visit a bank. Most will do currency exchange and purchase.
Does the law of supply and demand affects currency exchange rates?
Yes. Nominal exchange rates depend on the flow of the currency itself and its availability between countries. As currency is harder to get and in demand, its nominal asking rate increases and vice-versa. This was more important in the past (i.e.) 16-17th century Europeans looking for gold in the mercantilist system) than it is now.
