Whether you’re planning a vacation, running an international business, or investing internationally, understanding how to calculate and interpret foreign exchange rates is an essential skill.

How to read a foreign exchange quote A foreign exchange pair is made up of two parts. The "base currency" is listed first. The "quote currency" is listed second. Thus, in the case of EUR/USD, the ...

Calculating the interest rate using the present value formula can at first seem impossible. However, with a little math and some common sense, anyone can quickly calculate an investment's interest ...

Thinking of trading currencies? Before you dive in, it’s important to understand a few key concepts, starting with one of the most fundamental: pips, and how ...

The real effective exchange rate (REER) compares the relative exchange rate of a currency against a basket of foreign currencies.

My Currency Converter and Rates helps you convert currencies during your travels, so you can spend less time worrying about exchange rates and more time relishing new sights.