Currency Exchange Rates

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Table of historical exchange rates - An exchange rate represents the value of one currency in another. An exchange rate between two currencies fluctuates over time.

Interest Rate Parity - Interest rate parity is the name given to a theory that proposes that the interest rate difference between two countries' currencies is equal to the percentage difference between the forward exchange rate and the spot exchange rate. If S is the spot exchange rate (the price of the foreign currency in local currency for immediate delivery), f is the forward exchange rate, r is the continuously compounded interest rate of the local currency, r^* is the continuously ...

Currency band - The currency band is a system of exchange rates by which a floating currency is backed by hard money.

Floating exchange rate - A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency.


Suggested Web Sites

Currency Converter and Currency Exchange Rates - Discount Currency Exchange offers a daily look at currency news and exchange rates, also providing a converter, calculators, historical rates, and cross tables.

Globex - Currency Exchanger - The Currency Exchanger in Globex supports all currencies (registered version). Exchange rates may be downloaded from the Internet. Also included with Globex is a World Clock, to show you the time in major ...

Universal Currency Converter - A currency tool that allows you to perform foreign exchange rate calculations on the Internet, using up-to-the-minute currency rates.

Source: BazSites.com

Web Links

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