LYCOS RETRIEVER 
Currency Exchange Rate: Money
built 627 days ago
Keeping an eye on currency exchange rates is essential when traveling if staying within a budget or if just not wasting money is of concern to you at all. What does exchange rate mean? Typically, using the US dollar as a guide, other currencies would be worth more or less than a dollar for exchange of value. For instance, a Canadian dollar might be worth 85 percent of an American dollar, or 85 cents. Then when comparing a US dollar to the British pound, it a pound might be worth two US dollars. The fluctuating exchange rate means that, depending on market conditions, one day a pound might be worth two dollars, and the next day a pound might be worth two and a half dollars, and the next day worth one dollar and ninety cents.
Source:
An exchange rate is the amount of the currency of one country that exchanges for the currency of another country. If you travel to another country, you will need to exchange the money of the country you are leaving for the money of the country you are entering. The money you receive will be determined by the currency exchange rate. Exchange rates ... determine how much the goods of one country cost the people of another country when those goods are imported.
Source:
While still at home, you can exchange currency at your local bank. Experts suggest only changing enough to cover travel and transportation costs until you are settled at your destination, as the costs of exchanging money at home can be prohibitive. Other services you can use at home include online money exchange services, which will take American funds and send the converted money to your home. The obvious risk with services like these is fraud and the safety of your funds while they are in transit.
Source:
The currency exchange rates from which these pages are generated are a service of Xenon Laboratories Universal Currency Converter™ and are copyright © 1995-7 Xenon Laboratories Incorporated. All graphics and the design of this web page are copyright © 1997 travlang except some of the currency note images are from Ron Wise's World Paper Money Homepage. For more information on Xenon's Currency Converter™ service, including rate accuracy and notes on significant figures, please refer to the Web page here.
Source:
Burma's fixed exchange rate has spawned an illegal currency market, whichplays a vital role in the economic stability of the country. In turn thegovernment's monetary policy is implemented through the arrest andintimidation of moneychangers rather than adjusting exchange rates.
Source:
When you pay for something in a foreign currency the exchange rate you recieve can have a dramatic effect on the overall cost. If your timing is good you can save money, equally you may have to end up paying more because the prevailing exchange rate was against you.
Source:
MORE ABOUT
Money