Over 70 million downloads worldwide. Since , the Xe Currency Converter has provided free mid-market exchange rates for millions of users. Our latest currency calculator is a direct descendent of the fast and reliable original "Universal Currency Calculator" and of course it's still free!
Learn more about Xe , our latest money transfer services, and how we became known as the world's currency data authority. Xe Currency Converter Check live foreign currency exchange rates.
Convert Send Charts Alerts. We use midmarket rates These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. They are not transactional rates. Learn more. EUR — Euro. Xe Live Exchange Rates Inverse. The world's most popular currency tools. As financial middlemen, most will set exchange rates of their own at bid-ask spreads that return a percentage as profit for doing business.
Some call this profit a fee or commission. Pip —A pip is the smallest unit of value in a bid-ask spread. A pip is sometimes called a point.
Currency Pair —A quote of the relative value of one currency unit against another currency unit. The first currency in a currency pair is called the base currency, while the second is called the quote currency.
Interbank bank-to-bank Rate —This is the wholesale exchange rate that banks use between themselves. Major Currencies —This refers to a short list of the most traded currencies, which generally stay the same year-to-year.
Most recently, this includes the U. The USD in a currency pair with any of the others is known as a major currency pair. Currency is a universal medium of exchange for goods and services in an economy, and it is believed to have been used as such dating back at least 3, years. Before this, it is assumed that bartering, which is the exchange of goods and services without the use of money, was likely used.
Throughout history, currency has taken many different forms. Some examples include coins, barley, gold, silver, squirrel pelts, 8-ton carved limestone rocks, salt, knives, cowrie shells, stamps, potato mashers, peppercorn, tea bricks, and cheese. As history has shown, anything that a group of people in an economy attaches value to can be used as currency. For practical reasons, Lydian currency took on the form of a round coin, which became the first ever standardized unit of currency.
Paper currency, on the other hand, was invented in Asia and was brought back to Europe by Marco Polo after his travels to Asia. Modern currency is much more uniform and regulated.
Major currencies in the world today take on the physical form of paper bills or coins which are easily carried on a person, but most of a person's currency is typically stored in digital accounts. As featured in Online Travel Money Delivery Options It is important to check delivery times, as it is obviously in your interest for the foreign currency to arrive prior to departure. About MyTravelMoney. US Dollar. Australian Dollar. Thai Baht. Polish Zloty. South African Rand.
Canadian Dollar. Croatian Kuna.
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