Exchange Rate Now!

While most major economies are trying to revive themselves from the financial crisis which shocked the world in Oct 2008, another mini-crisis occurred recently when President Obama mooted plan to further control and constrict major financial institutions (Banks and Hedge funds) for reaching a critical size that will enable them to weld substantial market influence.

Another spanner was thrown by Greece recently, howbeit it only affects the Euro zone.

One of the countries in Europe which had already adopted the Euro as the national currency, Greece financial stability came under scrutiny recently due to concerns if the Greek government can actually pay off the national debt and guarantee the levelling of government bonds.

Things cumulated into a jittery forex trading market on 28th Jan 2010 when a sell-off of Euro began, enabling forex traders who punt on the US Dollar smiling all the way to the bank (more…)

If you are one of the many millions around the world who uses VISAcredit cards, you might have realise that the exchange rate offered by VISA is usually below that rates offered by Bureau de Change.

This is yet another cash cow for VISA. Besides taking a cut of your transaction from your merchants (who passes on the cost to you), tourists around the world simply loves to swipe their VISA due to the convenience. Every swipe of the credit card brings the following profit to VISA:

1. 1-2% of your transaction fee (paid for by your merchant, who prices this into the cost of your product).
2. 1-2.5% of currency exchange fees.

Effectively, every swipe of your VISA credit card (more…)

For the latest exchange rate, use our currency calculator located here.

Yahoo exchange rate is interesting, because it offers the following all in one page:
Currency Investing (shows you the latest currency pair price), Currency Converter, trends, news and opinions as well as a personal finance page if you have a Yahoo account to manage your trades and customise your personalised views.

The other great part is the availiablity of educational materials – which introduces key concepts like Introduction to Currencies, Fundamental Factors that affect Currency Values as well as Type of Currency Trading Instructments.

In short, an integrated (more…)