How is the exchange range calculated?

The exchange rate explains how much it costs to exchange one currency for another. It will fluctuate throughout time as currencies are being traded. This will push the price up and down, similar to other things you can buy like cars or stocks. The so-called market price of a currency – how many U.S. dollars it takes to buy a Swedish Krone for instance – is different than what you get from your bank when you exchange currency.

Traders and institutions buy and sell currencies 24 hours a day. For a trade to occur, one currency must be exchanged for another currency of that particular country. Access to these forex markets can be found through any of the major forex brokers.

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Guide: How is an exchange range calculated?

The currency exchange rate explains how much it costs to exchange one currency for another. The rate fluctuates over time as currencies are being traded. This will push the exchange price up and down, similar to other things you can buy like cars or stocks. The so-called market price of a currency – for instance how many U.S. dollars it takes to buy a Swedish Krone – is different than what you get from your bank when you exchange currency.

Traders and institutions buy and sell currencies 24 hours a day. This is called the Forex trade market. For a trade to occur, one currency must be exchanged for another currency of that particular country. Access to these forex markets can be found through any of the major forex brokers.