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• Why do currency exchange rates change every day?
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The system of currency exchange rates has always facsinated me.
I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day?
Is this somehow helping the economy? Or is it hurting it?
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• What effect does interest rates and currency exchange rates have on a country's economy?
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I need to know this for a group project. We're meant to be analysing a country's macroeconomic performance and I've been tasked to write about the country's interest rates and currency exchange rates. I've searched about for hours but all I seem to find is news and statistics (they decided to keep interest rates at 1%, the value of the currency has risen etc. etc.) and I don't know what they mean and how they could be applied to the economy in the big picture. Could someone please help me understand?
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• Where are the current currency exchange rates of all US banks?
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Is there a website that gives you the current currency exchange rate of all US banks? Also, if I am not a Bank of America customer, do I not have access to their rates? Are these rates posted anywhere?
Thank you!
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• How are the currency exchange rates determined daily?
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We see that the Foreign currency exchange rates keep fluctuating daily...Who decide those rates and what are the factors and parameters that are considered for this?
Also who decides how much currency can a country create in tis mint?
Thanks in advance!!
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• Where will I acheive the best foreign currency exchange rates?
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I am currently looking to buy a house in spain costing me a little over 200,000 pounds sterling and the currency exchange rate the banks are offering seem to be very poor .Can any one please advise of a better route to me obtaining the best rates out there?
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• How is the stock market affected by currency exchange/unemployment/interest rates?
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How do currency exchange rates, unemployment numbers, and interest rates affect the stock market?
It seems these are often in the news and how prices move on the anticipation of them.
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• What is a site that has the fastest and most accurate foreign currency exchange rates?
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Here are some sites that I go on;
xe.com, yahoo finance, and msn investing.
Are these good sites to check on foreign currency rates, or is there a better one?
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• How are currency exchange rates calculated?
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The US Dollar is declining in value against the British Pound and the Euro, but the decline versus the Euro is greater.
If US interest rates are reset lower, I am told that the value of the Dollar versus the other currencies declines further.
These exchange rates are calculated to four decimal places, indicating significant precision.
If the Chinese Yuan is set higher than it currently is, what will that do to the Dollar versus the Pound and the Euro?
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• How are the currency exchange rates set?
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What makes the currency exchange rate go up and down and who sets them? Thanks.
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• Where would I find information regarding currency exchange rates since 1992. ?
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I need to find out the GBP currency rates since around 1992 against the USD and other european currencies. I have been looking for a couple of hours now and I need help. I really appreciate your time, so thank you in advance.
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