Currency Conversion

Most of the currency conversion services online do not use real-time or official data and should be used as approximate values. You can also download software to do conversions offline.

The most popular forex conversion engines online are:

• XE.com
• Fxconverter from OANDA.com
• Finance.yahoo.com FX conversion service

Currency Conversion – XE.com

The flagship service of XE is the Universal Currency Converter, a FX conversion tool used by more people than any other similar online tool.

The success of the conversion tool has brought many add-on services that XE offers. These services include

• XEtrade – a discount online forex service
• Personal currency assistant service – a pop-up browser tool that you can take with you as you surf the web
• E-mail currency update service
• Currency rate monitor with live forex prices
• Wireless currency services – for cell phones, hand held organizers, and pagers.
• and more

Currency Conversion – Fxconverter

The Fxconverter service from OANDA, a forex portal, is a multi-lingual converter with up to date forex rates provided from leading market data providers.

The conversion service is available for up to 164 currencies. You can customize the conversion for language setting, desired currency, amount and date.

What’s also great about this conversion tool is that it allows you to use more than one type of currency rate. Available rates for conversion are:

• Interbank rate
• Typical credit card rate: +2%
• Typical cash rate: +4%
• Interbank rate: +1%
• Interbank rate: +3%
• Interbank rate: +5%
• Interbank rate: +6%
• Interbank rate: +7%
• Interbank rate: +8%
• Interbank rate: +9%
• Interbank rate: +10%

Also, you can buy currency and travelers cheques directly, which are then delivered to your home.

Currency Conversion – Yahoo!

Everybody loves Yahoo! Their financial information site at finance.yahoo.com has also a currency conversion tool, a very useful one.

The conversion tool allows you to choose the currency pair, amount and then the actual conversion. As a result, you get the conversion result plus a chart of the values of the currency pair over 3 months, which you can change to another time-frame.

Clicking the currency pair symbol gives you a more detailed quote and charting tools. The forex conversion tool by Yahoo is another great addition to their chest of financial tools used by millions daily.


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