Foreign Currency Exchange Rates FAQ
Q: On what factors did the foreign currency exchange rates are determined daily?
A: The exchange rates for the foreign currency are mainly depends upon the demands and supply of the particular currency in one country or the other or say the country's economy. This currency exchange rate is decided on the basis of the trades done in between two countries including the another ones. All this process is done by currency exchange markets like Forex.
Q: What is the difference between spot price and fx rates?
A: Spot price or spot rate is the rate quoted at the spot of the payment and delivery within two working business days from the date of the trade.
Q: What is the good site to check current currency(forex rates)?
A: http://www.xe.com/ucc is the site you can use. All world currency conversion rates are available there.
Q: How do i predict future currency conversion rates fluctuation?
A: Most of the people use hedging strategies and pivot points, Stochastic and Fibonacci studies. Remember its impossible to know currency value changes, its like stock market.
Q: What are the major currencies used today across the world starting with word Z?
A: 1)Zaïre - currency of Zaire
2)Polish zloty is currency of Poland.Also you will find a currency by name of Kraków in history which was used in around 1835.
A: The exchange rates for the foreign currency are mainly depends upon the demands and supply of the particular currency in one country or the other or say the country's economy. This currency exchange rate is decided on the basis of the trades done in between two countries including the another ones. All this process is done by currency exchange markets like Forex.
Q: What is the difference between spot price and fx rates?
A: Spot price or spot rate is the rate quoted at the spot of the payment and delivery within two working business days from the date of the trade.
Q: What is the good site to check current currency(forex rates)?
A: http://www.xe.com/ucc is the site you can use. All world currency conversion rates are available there.
Q: How do i predict future currency conversion rates fluctuation?
A: Most of the people use hedging strategies and pivot points, Stochastic and Fibonacci studies. Remember its impossible to know currency value changes, its like stock market.
Q: What are the major currencies used today across the world starting with word Z?
A: 1)Zaïre - currency of Zaire
2)Polish zloty is currency of Poland.Also you will find a currency by name of Kraków in history which was used in around 1835.
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