Introduction
Currency Exchange rates is also known as foreign exchange rate or forex. Currency exchange rate is the term which is used to tell that one currency is how much worth by another currency. We can find easily the worth of one currency as compared to another now. Or you may also say that the price of one country’s currency which can be expressed in another country’s currency. This value is said to be the relative value between two currencies of two different countries. It is also said that it is the quantity of one currency which is required to either buy or sell the unit of another country’s currency. It is very important to know about the currency exchange rates so that you may not face any problem. You should know that what is the worth of your US money in another country?
History
If you are travelling then the exchange rate is defined differently that how much money is required to buy with one U.S Dollar. The relative value of yen can be less if the exchange rate of one euro is greater in terms of one yen. Currency exchange rate is expressed in terms of U.S Dollars in most of the financial papers. There are some of the common comparisons of exchange rates of Dollar with Japanese yen, British pound and the euro.
Features
Currency exchange rates can be explained by the example of exchange rate of 123 Japanese yen to US Dollar (United States dollar) it actually means that Japanese Yen 123 and United States $ 1 worth the same. Let’s see another example, in which if the euro exchange rate is 0.825835; which means that one US Dollar is worth of 0.825835 euros.
Tips and comments
This market is among the largest markets in all over the world. What spot exchange rate and forward exchange rate refers? Spot exchange rate refers to the current currency exchange rate and forward exchange rate refers as Currency exchange rate that is traded now-a-days for delivery and payment on particular data. You can use either online currency calculator or you may go to the bank for currency exchange. You should not rely on the street kiosks.
Here are the Currency exchange rates of US Dollars with other currencies.
- Australian Dollar in which one USD is 0.951357 and in USD it is 1.05112.
- British Pound in which one USD is 0.638317 and in USD it is 1056662.
- Canadian Dollar in which one USD is 0.992571 and in USD it is 1.00748.
- Euro in which one USD is 0.765873 and in USD it is 1.3057.
- Indian Ruppee in which one USD is 50.3753 and in USD it is 0.019851.
- Chinese Yuan in which one USD is 6.33239 and in USD it is 0.157918.
- Indonesian Rupiah in which one USD is 9171.35 and in USD it is 0.000109035.
- Israeli New Shekel in which one USD is 3.77805 and in USD it is 0.264687.
- Kuwaiti Dinar in which one USD is 0.27925 and in USD it is 3.58102.
