What is the difference between spot&forward currency rates?

Answer Currency exchange rates are changing all the time. Various terms such as "spot rate," "forward rate" and "futures price" can be confusing to people who are not involved in currency trading. These t... Read More »

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Why do currency rates fluctuate?

Day to day and even minute to minute, currency rates fluctuate. While this can be frustrating for a traveler or international business person, fluctuating rates are necessary and not without reason... Read More »

What Is the Relationship Between Interest Rates & Currency?

In economic theory, if the interest rates in one country increase, then the currency value of that country will increase as a reaction. If the interest rates decrease, then the opposite effect of d... Read More »

How to Find Currency Exchange Rates for Travel?

Traveling internationally, whether for business or pleasure, can be a thrilling but daunting experience. One of the many confusions that can arise while traveling abroad is the exchange of currenci... Read More »

How to Convert Currency Exchange Rates to the Canadian Dollar?

Exchange rates are governed by multiple factors. A country's economic policy, stability and markets will all affect what the currency is worth. The difference between two currencies is called an ex... Read More »