Why do exchange rates change?

Exchange rates fluctuate based on supply and demand in foreign exchange markets, interest rates, inflation, political stability, and economic growth rates. These factors change constantly throughout trading hours.

Currency Converter | Unit Converters

Currency Converter

Convert between different currency units.

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About currency conversion

Currency conversion differs from unit conversion because exchange rates fluctuate constantly based on market conditions. Unlike physical units which have fixed relationships, currency values change daily and vary between financial institutions.

For real-time currency exchange rates, please use dedicated financial services like XE.com, OANDA, or your bank's rate quotes. This tool is designed for understanding historical rates and unit conversion principles rather than live trading.

Frequently Asked Questions

Why do exchange rates change?: Exchange rates fluctuate based on supply and demand in foreign exchange markets, interest rates, inflation, political stability, and economic growth rates. These factors change constantly throughout trading hours.