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How does it work? Currency Converter is a free instrument offered by us. Research reports and currency forecasts. We've seen everything and are up-to-data with recent regulatory changes. For our unique interbank rates The majority of other information websites display prices of a single source, most of the time from one retail broker-dealer.

Calculate live currency and foreign exchange rates with this free currency converter. You can convert currencies and precious metals with this currency calculator.

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The US dollar is currently under strong pressure against major currencies like the euro and a continuation of the upward trend cannot be achieved only through excellent job figures. Investors may see good numbers of non-agricultural jobs as a positive sign Latest Currency and Forex News.

The US dollar held strong in the early European session. Euro has weakened across the board in the early trading session across Asia and Europe, with the expectant result of the French elections now selling on the news. The Euro is gaining ground versus the US dollar during the morning sessions in Europe. What Makes Currency Markets Move?

Buying Property in Spain and Transferring Currency. Essential Tips for Transferring Money to France. Transferring Money to Germany? Foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency.

Foreign exchange also refers to the global market where currencies are traded virtually around the clock. Foreign exchange transactions encompass everything from the conversion of currencies by a traveler at an airport kiosk to billion-dollar payments made by corporations, financial institutions and governments.

Transactions range from imports and exports to speculative positions with no underlying goods or services. Increasing globalization has led to a massive increase in the number of foreign exchange transactions in recent decades. Foreign exchange transactions can be done for spot or forward delivery. There is no centralized market for forex transactions, which are executed over the counter and around the clock. The foreign exchange market is unique for several reasons, mainly because of its size.

This means that you can buy or sell currencies at any time during the day. The foreign exchange market isn't exactly a one-stop shop. You can go through different dealers or through different financial centers which use a host of electronic networks. From a historic standpoint, foreign exchange was once a concept for governments, large companies and hedge funds. In fact, many investment firms offer the chance for individuals to open accounts and to trade currencies however and whenever they choose.

When you're making trades in the forex market, you're basically buying or selling the current of a particular country. But there's no physical exchange of money from one hand to another. That's contrary to what happens at a foreign exchange kiosk — think of a tourist visiting Times Square in New York City from Japan.

But in the world of electronic markets, traders are usually taking a position in a specific currency, with the hope that there will be some upward movement and strength in the currency that they're buying or weakness if they're selling so they can make a profit.

There are some fundamental differences between the foreign exchange and other markets. NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration.

Any user of NetDania software must be an existing client of one of our supported brokers. NetDania showcases NetDania technology for the purpose of demonstrating it towards brokers and other institutions looking to white label the technology on a software subscription contract. No financial services are offered, promoted or recommended.

NetDania is compensated as a technology provider by its institutional clients including its integrated brokers. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation affecting it. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website.

We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations.

None of the offerings services referred to on this website are available to recipients residing in countries where the provision of such offerings would constitute a violation of mandatory applicable legislation or regulations. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation.

End-users of the NetDania software that make use of the trading integration features as direct clients of integrated brokers, should be aware of the level of risk carried by trading in financial markets.

How it works

View live forex rates at a glance. We update our data in real-time to show live rates on currencies, indices and commodities – and help you determine the opportune moment to enter or exit a trade. For insight into what’s driving FX rates, index trends and commodity pricing, click on any of the markets displayed. Get live exchange rates for major currency pairs from the OANDA fxTrade platform. Updated every 5 seconds. OANDA uses cookies to make our websites easy to use and customized to our visitors. Live rates will help you trade the forex market in real-time or exchange currencies in the market place. Check the latest prices or use live forex charts to help you make trading decisions and take advantage of the liquidity in foreign exchange.