Currency rates are determined the current price of the currency in a open market auction of the currency. This process of determining the currency rate is called forex trading
. A currency rate of exchange
is constantly changing because economic factors effect the amount for which investors are willing to buy or sell their currency. This calculator is updated to a recent currency rate as reported currency markets. Banks use a recent currency rate exchange
to determine how much to charge somebody off the street for their foreign currency. You may select currencies below to determine the current currency rate.
This currency convertor is up to date with exchange rates from May 24, 2013.
Please choose your currency conversion: