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Is there an iphone app that will calculate foreign exchange rates?
Yes, there is an iphone app that will calculate foreign exchange rates. Citi banks provides that service in an app so you can check what the rates will be at all times.
What is a fx trader?
"Fx trader, or Foreign exchange market, is a global financial market to show the current foreign exchange on currencies. It determines the currency exchange rates."
How do foreign exchange rates compare between different countries?
Foreign exchange rates compare the value of one country's currency to another. They fluctuate based on factors like economic strength, interest rates, and political stability. Countries with stronger economies typically have higher currency values, leading to higher exchange rates.
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
Where can one find the best exchange rate for foreign currencies?
When looking for the best exchange rate for foreign currencies, it is best to adopt certain payment strategies. A few great methods for finding the best exchange rates for foreign currencies is to haggle with the local people, use debit and credit cards, and know your banks and other banks exchange rates.
