The exchange rate is the value of one currency in terms of another currency. For example, an exchange rate of 2.05 $/£ means that one British pound costs $2.05. Current exchange rates can be found on many different sites, although the quoted rates usually pertain to large transactions that have taken place on international foreign exchange (FX) markets. An individual needing to buy small amount of currency at a bank or an exchange service will find the rates less favorable.
In general, the value of a currency increases when demand for the currency increases. For example, foreigners will increase their demand for a currency if their demand for a country's products increases. Hence, if Europeans suddenly prefer American wine to French wine, they will increase their demand for US dollars and put upward pressure the exchange rate. The dollar will appreciate relative to the euro. If American increase their purchases of Chinese goods, they will demand more Chinese currency (the yuan), putting upward pressure on the yuan. If the yuan floated relative to the dollar, the yuan would appreciate relative to the dollar and the dollar would depreciate relative to the yuan.
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NY Fed | Foreign Exchange Rates (12 PM)
(The New York Fed announced its decision to discontinue the publication of foreign exchange rates on December 31, 2008, given the availability of alternative market-based sources for these rates. ) |
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US: 0.7216 USD = 1 AUD 2008-10-07 NYFed noon buying
1 Australian Dollar buys 0.7216 United States Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 2.2310 BRL = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 2.2310 Brazilian Reais - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1.1055 CAD = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 1.1055 Canadian Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 6.8171 CNY = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 6.8171 Chinese Yuan - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 5.4675 DKK = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 5.4675 Danish Kroner - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1.3649 USD = 1 EUR 2008-10-07 NYFed noon buying
1 European Monetary Union Euro buys 1.3649 United States Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 7.7736 HKD = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 7.7736 Hong Kong Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 47.780 INR = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 47.780 Indian Rupees - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 102.30 JPY = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 102.30 Japanese Yen - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 3.4900 MYR = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 3.4900 Malaysian Ringgit - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 12.1150 MXN = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 12.1150 Mexican Pesos - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 0.6362 USD = 1 NZD 2008-10-07 NYFed noon buying
1 New Zealand Dollar buys 0.6362 United States Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 6.1447 NOK = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 6.1447 Norwegian Kroner - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1.4622 SGD = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 1.4622 Singapore Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 8.8600 ZAR = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 8.8600 South African Rand - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1328.40 KRW = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 1328.40 South Korean Won - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 108.000 LKR = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 108.000 Sri Lanka Rupees - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 7.0776 SEK = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 7.0776 Swedish Kronor - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1.1399 CHF = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 1.1399 Swiss Francs - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 32.370 TWD = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 32.370 Taiwan N.T. Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 34.510 THB = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 34.510 Thai Baht - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 1.7592 USD = 1 GBP 2008-10-07 NYFed noon buying
1 UK Pound buys 1.7592 United States Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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US: 2.1446 VEF = 1 USD 2008-10-07 NYFed noon buying
1 United States Dollar buys 2.1446 Venezuelan Bolivar Fuertes - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org. |
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