Simple Exchange - Easy way for currency convert
Popular Conversions
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News and Information
Exchange Rat
Definition: Exchange rate refers to the ratio at which one currency is exchanged for another currency. Example: 1 US dollar equals 7.2 Chinese yuan. Meaning: Exchange rates are the foundation of international trade and investment, influencing commodity prices, capital flows, and economic policies.
Fixed Exchange Rate
Definition: Fixed exchange rate refers to the exchange rate set and maintained by the government or central bank. Example: The Hong Kong dollar is pegged to the US dollar, with 1 US dollar=7.8 Hong Kong dollars. Meaning: Fixed exchange rates provide stability, but require a large amount of foreign exchange reserves to maintain.
Cross Rate
Definition: Cross exchange rate refers to the exchange rate calculated based on the exchange rate of two currencies against a third currency. Example: Given 1 USD=7.2 CNY and 1 USD=0.9 EUR, it can be calculated that 1 EUR=8 CNY. Meaning: Cross exchange rate is used for the exchange between currency pairs that do not have direct quotes.
Foreign Exchange Market, Forex
Definition: The foreign exchange market is the venue for global currency trading and the largest financial market in the world. Features: 24-hour operation, huge trading volume, with participants including banks, businesses, and individual investors. Meaning: The foreign exchange market determines exchange rates and affects the global economy.
Foreign Exchange Reserves
Definition: Foreign exchange reserves refer to the foreign currency and assets such as gold held by a country. Function: Used to maintain exchange rate stability, pay international debts, and respond to economic crises. Example: China's foreign exchange reserves exceed $3 trillion
Currency Appreciation
Definition: Currency depreciation refers to the decrease in the value of one currency relative to another currency. Example: 1 US dollar depreciated from 6.8 RMB to 7.2 RMB. Impact: Currency depreciation may enhance export competitiveness, but increase import costs.
What is Currency Converter
Currency Converter allows you to check the latest foreign exchange rates. Currency Converter provide Convert rates between more than 170 popular currencies around the world.
How to use Currency Converter
Our aim is to ensure the accessibility and user-friendliness of our website. Simply select a base currency and a foreign currency from the provided dropdown menu, utilizing their respective 3-letter ISO currency codes, country names, or currency names. Enter the conversion amount and press the conversion button to complete the conversion.