Currency Exchange

Allrighty asked:


Where do the currency exchange numbers come from? It’s not some guy setting it to certain price every day? It fluctuates in a matter of seconds? So what exactly calculates the number every second? Is it some kind of 1 supercomputer? Or how does it work?

PeguinBackPacker asked:


What country as of now that a single of thheir currency translates into many US dollars?
date, forgive me. I was wondering which country has the strongest currency versus the US dollar?
Trinity I have been there and was wondering about something more accurate and up to date

Daniel asked:


Hi Guys, I live in the UK.

I am going to america in the summer and I am wondering if it would be worthwhile me buying some dollars now while the exchange rates are still favourable to the pound. Or do you think it would be just as well to wait untill the summer as the ecconomy might be looking brighter for the brits by then?

Cheers
Dan

me asked:


Where can I find historical foreign currency exchange rates in GRAPH form (i.e. as curves, not tables), not limited to just a few months, but for at least 8-10 years (preferrably all time)?
SDD, thanks, but it has only tables, no graphs?
Thanks, Jurij-EU!

synchronised asked:


What determines the exchange rate among varies countries?

asked:


I am doing a project on currencies, i need to know how the exchange rate of different currencies is determined. for example, INR to US$ is approx Rs.45. So how is this determined. Please dont give a 1 line answer, give the complete process or the link to the source.

Tom asked:


I was just wondering if anyone could explain to me how to make money from the exchange market. Could someone try to explain it to me in simple terms, and do they know how easy it is, or what i should do to start making some money. Thanks

Mick asked:


Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.

Curious George asked:


I am trying to figure out how much it will be in US dollars for 564 pounds Sterling. Please provide the very accurate answer. I tried the currency converter in Yahoo, but then got different answer from a bank. Thought that I can use the second, the third, and/or the fourth opinion. Thank you very much for sharing.

the one 1 asked:


I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?

I am just using those countries as examples, nothing special. I really would like to know.

Thanks in advance