Some experts say that there is a slight chance that cryptocurrencies become the currency of the future. For the purposes of this calculator, Bitcoin is the only cryptocurrency available for conversion at the moment. Currencies used in different countries are rarely, if ever, exactly equal in value. As a result, exchange rates the rate at which a currency is exchanged for another exist to enable the equal exchange of currencies.
Real-time exchange rates are supplied by the foreign exchange market forex , the same place where most currency transactions take place. The forex is a global, decentralized, over-the-counter market for the trading of currencies.
Each day, trillions of dollars US worth of currency are traded. The market functions at high speeds, with exchange rates changing every second. The most common forex transactions are exchanges between the U. A forex quote always consists of two currencies, a base currency and a quote currency, sometimes called the counter currency. The following is an example of a forex quote:. The base currency always equals exactly one.
In the real world, most exchange rates are given in terms of how much a U. The euro is different in that it's given in terms of how much a euro is worth in U. Currency Converter. Find out up to date market rates. To EUR — euro. Check transfer rates. What is a currency converter? Ready to send money?
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Try out the online currency exchange calculator now! Let's be honest - sometimes the best currency calculator is the one that is easy to use and doesn't require us to even know what the currency formula is in the first place!
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