foreign currency rate
Navigation

Online Forex Trading
By Bob Hett, Thu Dec 8th
Do you know what Forex trading is? Some people have heard ofthis type of trading, others have not. If you haven't, it mightbe something you are interested in trying. Forex trading standsfor Read more...

Direct/indirect Quotes And Base/counter Currency Forex Pairs
By a.anies
Every local currency can be quoted directly or indirectly against other currencies (most of the time the US Dollar):Direct quotation: Amount of local currency that is needed to buy one unit of Read more...

Surety Bonds With Low Premium Rates To Credit Worthy Applicants
By Steven A. Swartz
Surety Bonds with Low Premium Rates to Credit Worthy Applicants Read more...

foreign currency rate Article

Below, you'll find extensive information on leading foreign currency rate articles and products to help you on your way to success.

Currency Trading Guide
By Mansi gupta
Currency trading or forex (foreign exchange) as the name suggests refers to the act of exchanging the legal tender of one country for another. “In finance the exchange rate between two currencies specifies how much one is worth in terms of the other”. For instance an exchange of 200 Japanese yen to dollar indicate that 120 yen is worth the same as 1USD. Exchange rate is also called as foreign rate.

Currency trading is a very ancient phenomenon. Its existence can be traced back to time before money and Internet were discovered. The custom of trading began with the bartering system i.e. our ancestors commenced trading of goods against other goods. This bartering system was quite incompetent and needed lot of negotiation and investigation to be able to strike a deal. In the years that followed the important metals such gold, silver and bronze were standardized and graded to make easy the exchange of merchandise. The grounds for these mediums of exchange were acceptance by the general public and realistic variables such as durability and storage. As the middle age came, a variety of paper exchange started taking place and that became quite popular as an exchange medium.

Time passed by and the simple bartering system evolved into a complex and huge industry of foreign or exchange. Though with the use of money and banks the system developed to a large extent but it is still developing with the aid of Internet.

Currency exchange is not a simple task. It requires enormous time, market knowledge, ability to study the current market and predict its future course and also immense self-control. But the exchange market is extremely volatile and fast. There is no guarantee either of profit or of loss. To be successful in this market a trader has to take into consideration technical and fundamental data and make an informed decision on behalf of his observation of forex futures trading market sentiment and market expectations. Proper planning in timing a trade correctly is perhaps

Currencies: Euro Weakens On Bearish Bailout Comments
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://trak.in/india/currencies-euro-weakens-on-bearish-bailout-comments/economy-78475/" style="font-size:1.2em">Currencies: Euro Weakens On Bearish Bailout Comments</a> <br> <span style="color:#888888;">India Business Blog</span> - <span style="white-space:nowrap">9 hours ago </span> <div style="width:80%;">by EIN on 2010/03/18 March 18, 2010 (FinancialWire) (Investrend Information Syndicate) As of 11:37 AM EST today, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) is up 0.90% on volume ...</div> </div>
Fed officials warn against loss of bank oversight
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.portfolio.com/business-news/reuters/2010/03/18/fed-officials-warn-against-loss-of-bank-oversight" style="font-size:1.2em">Fed officials warn against loss of bank oversight</a> <br> <span style="color:#888888;">Portfolio.com</span> - <span style="white-space:nowrap">10 hours ago </span> <div style="width:80%;">Trader Richard Smartt reacts in the Euro Dollar pit at the Chicago Mercantile Exchange, March 16, 2010. REUTERS/John Gress By Mark Felsenthal WASHINGTON (Reuters) - Four top Federal Reserve ...</div> </div>
Euro Plunges Against Major Rivals
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=1245062" style="font-size:1.2em">Euro Plunges Against Major Rivals</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">11 hours ago </span> <div style="width:80%;">(RTTNews) - The European common currency traded lower against major rivals in New York mid-day trading on Thursday. The Eurozone trade balance swung to a deficit in January, as the export value ...</div> </div>
OCI announces FY 2009 Results
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://dotnet.sys-con.com/node/1324452" style="font-size:1.2em">OCI announces FY 2009 Results</a> <br> <span style="color:#888888;">SYS-CON Media</span> - <span style="white-space:nowrap">15 hours ago </span> <div style="width:80%;">By Marketwire . Results as at 31 December 2009 Cairo, Egypt / March 18, 2010, 10:15 AM OCI announces FY 2009 Results Summary of Consolidated Results for Q4 2009: - Consolidated revenue increased 3 ...</div> </div>
Euro exchange rates remain under pressure
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.economy-news.co.uk/euro-exchange-rates-18201003.html" style="font-size:1.2em">Euro exchange rates remain under pressure</a> <br> <span style="color:#888888;">Economy News</span> - <span style="white-space:nowrap">17 hours ago </span> <div style="width:80%;">The Euro Pound exchange rate and the Euro Dollar exchange rate are both under sustained pressure in morning trade in London. The EURGBP is 0.158% lower with 1 EUR = 0.8951 GBP at 9am in London ...</div> </div>
Risk-aversion drags Euro lower
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.nasdaq.com/newscontent/20100318/risk-aversion-drags-euro-lower.aspx?storyid=20100318_n20100318-0500_forexnews" style="font-size:1.2em">Risk-aversion drags Euro lower</a> <br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">17 hours ago </span> <div style="width:80%;">The dollar and yen were higher in early Thursday trading amid speculation that Greece may seek help from the IMF -- sparking fears that next week&#39;s EU Summit meeting will provide little support to ...</div> </div>
EUR/USD: Trading the US Consumer Price Report
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/trading_news_reports/2010-03-17-1925-EUR_USD__Trading_the_U_S__Consumer.html" style="font-size:1.2em">EUR/USD: Trading the US Consumer Price Report</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">The US dollar could face increased selling pressures over the next 24 hours of trading as economists forecast consumer prices to grow at an annual pace of 2.3% in February after expanding 2.6 ...</div> </div>
Canadian Dollar Surges Up To New Multi-year High Versus Euro
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Id=1243702&SM=1" style="font-size:1.2em">Canadian Dollar Surges Up To New Multi-year High Versus Euro</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">(RTTNews) - Extending previous session&#39;s upward trading, the Canadian dollar surged up further against the euro in New York afternoon deals on Wednesday. At 12:20 pm ET, the loonie climbed to a ...</div> </div>
Euro drops on Greece fears; Swiss franc rises on SNB
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.reuters.com/article/idUSTRE62E3Q020100318" style="font-size:1.2em">Euro drops on Greece fears; Swiss franc rises on SNB</a> <br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">NEW YORK (Reuters) - The euro fell against the dollar on Thursday on persistent worries over Greece&#39;s debt problems after a report said the country was not optimistic about aid from euro zone ...</div> <a href="http://in.reuters.com/article/marketsNewsUS/idINN1718724020100317">Euro falls to session lows vs US dollar, sterling</a> - <span style="color:#888888">Reuters India</span><br> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=1244459">Euro Plummets To More Than 16-1/2 Month Low Against Swiss Franc</a> - <span style="color:#888888">RTT News</span><br> </div>
Euro steady at $1.3778 in European morning trade
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.forbes.com/feeds/ap/2010/03/17/business-dollar_7441781.html" style="font-size:1.2em">Euro steady at $1.3778 in European morning trade</a> <br> <span style="color:#888888;">Forbes</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">AP , 03.17.10, 05:32 AM EDT The euro is steady against the dollar as Greek budget worries subsided further and investors gained more confidence in the common currency. The 16-nation euro went as ...</div> <a href="http://www.marketwatch.com/story/world-forex-euro-falls-after-greece-says-may-seek-imf-help-2010-03-18">WORLD FOREX: Euro Falls After Greece Says May Seek IMF Help</a> - <span style="color:#888888">MarketWatch</span><br> <a href="http://www.bloomberg.com/apps/news?pid=20601100&sid=a2Q_Rnc5XTDg">Euro Set for Worst Week Since Start of February on Greece Woes</a> - <span style="color:#888888">Bloomberg</span><br> <a href="http://www.reuters.com/article/idUSTOE62I00F20100319?type=usDollarRpt" style="color:#009900">Reuters</a> - <a href="http://online.wsj.com/article/BT-CO-20100318-710301.html?mod=WSJ_latestheadlines" style="color:#009900">Wall Street Journal</a> - <a href="http://www.todayonline.com/BreakingNews/EDC100317-0000532/Euro-steady-at-US$1,3778-in-European-morning-trade-as-Greek-budget-fears-subside" style="color:#009900">TODAYonline</a> </div>

the most crucial factor in successful trading. However yet there are times when a trader misses the mark i.e. when his timing will be off.

Besides timing factor being rightly handled, patience of a trader is also quite essential. Perseverance is one of the essential characteristics of a trader. He or she might not be academically qualified enough but must have the potential to stand for a good time in the market. It is only after spending a good amount of time that you understand the intricacies of the market and start accruing some gains.

You should not hesitate to take the help of an experienced trader whom you know and trust. It is very difficult to survive in this trade market without the help of qualified professionals. So in the beginning it is better for any naпve trader to take the help of professionals.

If you are not incurring gains for a long time and do not hope that in near future, stop for sometime. This will give you mental peace and entitles you to get out at certain points on trade.

At the end of the day don’t forget that in the market of exchange, experience is the biggest teacher of all.

Article Source: http://www.ArticleJoe.com

Mansi gupta recommends you visit www.forexreader.com/trading/index.html for more information on Trading.

We strive to provide only quality articles, so if there is a specific topic related to currency that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our foreign currency rate website.

Canada&#39;s Airlines Helped By Strong Canadian Dollar
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://online.wsj.com/article/BT-CO-20100318-714485.html?mod=WSJ_latestheadlines" style="font-size:1.2em">Canada&#39;s Airlines Helped By Strong Canadian Dollar</a> <br> <span style="color:#888888;">Wall Street Journal</span> - <span style="white-space:nowrap">7 hours ago </span> <div style="width:80%;">By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canada&#39;s airline industry is one sector of the country&#39;s economy that benefits from a strong currency, given that fuel, their ...</div> </div>
| EXCHANGE RATE
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailynews.lk/2010/03/19/ExchangeRate.asp" style="font-size:1.2em">| EXCHANGE RATE</a> <br> <span style="color:#888888;">Ceylon Daily News</span> - <span style="white-space:nowrap">8 hours ago </span> <div style="width:80%;">Exchange Rates on 18.03.2010 The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 am are as follow: Currency Buying Rate ...</div> </div>
Fund Managers Don&#39;t Fret Canadian Dollar At Par; Some Even Like It
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003181514dowjonesdjonline000762&title=fund-managers-dont-fret-canadian-dollar-at-parsome-even-like-it" style="font-size:1.2em">Fund Managers Don&#39;t Fret Canadian Dollar At Par; Some Even Like It</a> <br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">8 hours ago </span> <div style="width:80%;">By Stuart Weinberg, OF DOW JONES NEWSWIRES TORONTO -(Dow Jones)- Peter Hodson won&#39;t stop investing in US equities now that the Canadian dollar is near par with the greenback, but he does offer the ...</div> </div>
CANADIAN DOLLAR MAKES ANOTHER NEW CONTRACT HIGH. NEW BUY SIGNAL FOR THE POUND
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/CANADIAN_DOLLAR_MAKES_ANOTHER_NEW_CONTRACT_HIGH_NEW_BUY_SIGNAL_FOR_THE_POUND/192500" style="font-size:1.2em">CANADIAN DOLLAR MAKES ANOTHER NEW CONTRACT HIGH. NEW BUY SIGNAL FOR THE POUND</a> <br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">9 hours ago </span> <div style="width:80%;">CURRENCIES: 03/18/10 Higher closes yesterday for the Canadian Dollar, Swiss Franc , British Pound, Japanese Yen, and Aussie Dollar while lower for the Euro Fx and dollar index. The euro continues ...</div> </div>
Canadian Dollar May Soon Reverse Against US Dollar
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/usd-cad/2010-03-18-1554-Canadian_Dollar_May_Soon_Reverse.html" style="font-size:1.2em">Canadian Dollar May Soon Reverse Against US Dollar</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">11 hours ago </span> <div style="width:80%;">USDCAD ? Continued USDCAD declines have left the pair&#39;s SSI ratio in strongly net-long territory, but it is interesting to note that said ratio has not hit further extremes as the pair drops to ...</div> </div>
Canadian Dollar at Risk of Pullback on Turn in Forex Sentiment
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/table/2010-03-18-1536-Canadian_Dollar_at_Risk_of.html" style="font-size:1.2em">Canadian Dollar at Risk of Pullback on Turn in Forex Sentiment</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">12 hours ago </span> <div style="width:80%;">Interested in building your own SSI-based strategy? Request SSI data on our forex forum. Strong declines in the US Dollar/Canadian Dollar currency pair have persistently been met with crowd buying ...</div> </div>
Good Numbers In UK
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3957634" style="font-size:1.2em">Good Numbers In UK</a> <br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">20 hours ago </span> <div style="width:80%;">Some good news out of UK, for a change. After recent avalanche of doom and gloom reports, employment numbers turned positive today. Unemployment count for January was revised down, but February ...</div> </div>
Canadian Dollar Tiptoeing Towards US Dollar Parity
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://blogs.wsj.com/marketbeat/2010/03/18/canadian-dollar-tiptoeing-towards-us-dollar-parity/" style="font-size:1.2em">Canadian Dollar Tiptoeing Towards US Dollar Parity</a> <br> <span style="color:#888888;">Wall Street Journal</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">By Don Curren The US dollar/Canadian dollar cross is consolidating around the $1.01 mark after a sustained push lower resulted in a 20-month low at $1.007 on Wednesday. ?The focus is now on a USD ...</div> <a href="http://www.examiner.com/x-32127-Toronto-Headlines-Examiner~y2010m3d17-Canadian-Dollar-inches-toward-parity-with-US-hits-99-cents">Canadian Dollar inches toward parity with U.S., hits 99 cents</a> - <span style="color:#888888">Examiner.com</span><br> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Id=1243702&SM=1">Canadian Dollar Surges Up To New Multi-year High Versus Euro</a> - <span style="color:#888888">RTT News</span><br> <a href="http://www.citytv.com/toronto/citynews/news/national/article/72592--high-canadian-dollar-here-to-stay-economists-say" style="color:#009900">CityNews</a> - <a href="http://forexblog.oanda.com/20100318/canadian-dollar-closing-in-on-20-month-high/" style="color:#009900">OANDA Forex</a> </div>
Dollar Falls On Renewed Risk Appetite
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3954642" style="font-size:1.2em">Dollar Falls On Renewed Risk Appetite</a> <br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">3/17/2010 04:30 am: EUR/$..1.3778 $/JPY..90.51 GBP/$..1.5215 $/CHF..1.0536 AUD/$..0.9201 $/CAD..1.0128 Asia Pacific markets were stronger today after the Fed announced yesterday that it will ...</div> </div>
Will CAD Reach Parity With USD?
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.istockanalyst.com/article/viewarticle/articleid/3953912" style="font-size:1.2em">Will CAD Reach Parity With USD?</a> <br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">Mar 17, 2010 </span> <div style="width:80%;">With US Dollar taking a beating again, USD-CAD exchange rate is becoming interesting. As of this writing, it is 1.0140, not far from parity. Question is, will it happen? For the better part of ...</div> <a href="http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=8572b5ef-b57a-4944-9a59-d2df104cb655">Forex: USD/CAD falls to 1.0100, fresh 19-month low</a> - <span style="color:#888888">FXstreet.com The Forex Market</span><br> </div>

Is the simultaneous purchase or sale of one currency against the purchase or sale of another.