Does the currency exchange rate change over time?


Posted April 18th, 2010 by admin 6 Comments »
Currency Exchange
amburr asked:


I have 100 Banco Central do Brasil dollars and I would like to exchange it for US money. I checked and it said that it is equal to $56 US dollars. Will it ever be worth more than $56 or could it possibly decrease in value? When does the the currency rate change? Thank you for your time. I really appreciate your explanations.

Foreign currency exchange. Better to change at bank or smaller exchange shops?


Posted November 20th, 2009 by admin 4 Comments »
Currency Exchange
Jumpy asked:


I would like to chance Australian dollars into Japanese yen. I’m in Melbourne right now and I’m thinking I will get better rates if I exchange here than in Japan. In general do banks give better rates in Australia?

Foreign currency exchange. Better to change at bank or smaller exchange shops?


Posted October 27th, 2009 by admin 3 Comments »
Currency Exchange
Jumpy asked:


I would like to chance Australian dollars into Japanese yen. I’m in Melbourne right now and I’m thinking I will get better rates if I exchange here than in Japan. In general do banks give better rates in Australia?

Why do currency exchange rates change every day?


Posted March 11th, 2009 by admin 4 Comments »
Currency Exchange
♣Vincent♣ asked:


The system of currency exchange rates has always facsinated me.

I could have $100, convert it into ₤49.34, then convert it back the next day to $101. Why do currency rates have to change every day?

Is this somehow helping the economy? Or is it hurting it?