currency conversion
Forex rate application
Currency conversion is the exchange of one country's money for another's, whether physically swapping bills or calculating equivalent values.
Banks and exchange services perform currency conversions for travelers; software performs them for international commerce.
The currency conversion rate made our vacation more expensive than expected.
- exchange rateCurrency conversion value
- remittanceFunds sent elsewhere
- inflationSustained price level increase
- central bankNational currency management institution
- arbitrageExploiting price discrepancies
black market rate · money changer · bureau de change · monetary policy · liquidity · denomination · cash advance · supply and demand · forex · balance of payments · legal tender · capital flow · payment gateway · economic stability · trade deficit · wallet · digital wallet · euros
- changeschange, shift, alter, transformation, modify
- conversionconverting, converts, encoding, decoding, transcoding
- global financeinternational banking, financial hubs, central banks, capital flows, exchange rates
- banking systemstransactions, deposits, withdrawals, transfers, balances
- business mathmarkup, markdown, discount, profit, margin
- forexforex, exchange rate, foreign exchange, bid price, exchange rates
currency conversionmonetary union
Shared currency arrangement
single currency · common currency · dollarization · eurozone