Click the Convert button and get the instant result right there. The exchange rate is the amount in one currency that you need to pay to buy another currency. One currency will be exchanged for another at this rate. There are two types of exchange rates:.
Currencies trade against each other as exchange rate pairs and thus the exchange rate always affects the value of the currencies in pairs with respect to each other.
If the price of the base currency the currency which you want to buy is growing, the value of the quoted currency for which you buy the base currency falls in relation to the base one. It means that the Euro has risen in price, and now you will need to pay 1.
In other words, the Euro is up against the US Dollar. Exchange rates in financial markets are determined by the market forces of supply and demand.
This means there is always the seller's price Ask and the buyer's price Bid. The difference between these prices is called the spread. All popular currencies are traded on the foreign exchange Forex market. Popular currencies are traded on the global foreign exchange Forex market in pairs.
EUR — Euro. Xe Live Exchange Rates Inverse. The world's most popular currency tools. Xe International Money Transfer. Send money. Xe Currency Charts.
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