How is an exchange rate decided?
817321
Exchange rates are set via two different ways: fixed rate and floating.  \n\nFixed rates are set at... errr... a fixed rate.  Usually through a policy called dollarization.  This is where every currency unit is backed by an equal amount of US dollars in reserves.  For example, if a Smolgarian Ziggli (I made that up) is fixed at 4.0 Ziggli to the US dollar and the Smolgarian Central Bank has printed 400 billion Ziggli, they need to have 100 billion US dollars to dollarize.  So if somebody buys/sells a ziggli for dollars, the central bank can accomodate the sale with no impact.\n\nThe floating exchange rate is much more difficult.  The exchange rate is set by a triangle arbitrage called the "interest rate arbitrage theory".  The monetary system is all intertwined through three legs.\n\nLeg 1.  Current Exchange rate.  Currently there are 116 Japanese Yen to the dollar (around that, but just humor me for now if I'm off a bit). \n\nLeg 2.  There are interest rates.  You can deposit the Yen in Japanese accounts for essentially zero interest (due to extremely low interest rates in Japan - which actually went negative for a while, but I digress). For argument's sake, let's say 0%.  In the US the interest rates for a 1 year CD are about 5%. \n\nLeg 3. Currency futures.  Currency futures perfectly align what the future exchange rate should be.  Otherwise, there is an arbitrage opportunity.  For example, if I borrow 116m Yen, turn it into US$ 1m dollars and deposit it at 5%, wait one year, then exchange it back to yen to pay off the 116m yen debt. If the Japanese yen currency markets did not factor in a 5% depreciation of the yen, you would have an arbitrage opportunity.  That is, you could borrow an infinite amount of money in Japan, deposit it in the US and make an infinite amount of profit.  \n\nI live in Singapore and the same thing applies to me. Local CDs earn about 2-3% compared to my US dollars which earn about 5%.  Why don't I shift all my money to the US? Because the Singapore dollar is expected to strengthen against the US dollar about 2-3% per year. Hence, I've got no reason to shift my money out of Singapore. \n\nNow, the currency futures market is mostly reactive to the interest rate market - which means most of the changes in interest rate expectations (disparity in borrow/lend rates, changing interest rate curves and change in local inflation) mostly affects the exchange rate.\n\nThe above is a function part of exchange rate dynamics.  But why 4.0 Ziggli instead of 4,000?  The PPP theory (as previously described) does partially explain this.  However, it breaks down for countries that are dollarized (which used to be a huge amount of countries after the 1997 Asian currency crisis and the Argentinian financial meltdown in the 1990s).
819019
It's a market. Countries, banks, companies buy and sell the currencies the need for their business and the law of supply and demand determines the exchange rates.\nThere are a few exceptions: a lot of currencies are not convertible outside the country where they are issued, and some currencies like the Chinese Yuan are pegged to the dollar, meaning that the exchange rate fluctuates only between small boundaries.
994953
The factors that determine the value of a country's currency are\n(1) supply and\n(2) demand
578066
Go to Google.com and type in "currency converter."\n\nIt will give you a currency calculator and you can find the currect exchange rates (they change daily) in any country.
652252
Ultimately, it is determined by supply and demand.  If people want dollars on the foreign exchange market then their value increases and so the exchange rate increases. \n\nSo what affects supply and demand?\n\nthree main things.\n\nCurrent account transactions (ie trade)\n\nSuppose the people of the UK buy more US goods (the firms will demand payment in $)- so the price of dollars will rise as there is more demand for them.  This is offset by the US buying UK goods.\n\nHowever, people are most likely to buy foreign goods when their currency is valuable - as foreign goods will be cheaper.  So you can see this will balance out - as more people buy US goods - the more the dollar will rise - so the cheaper UK goods will be for the US (and the more expensive Us goods will be for the UK) - so the less demand they'll be, so the dollar will fall, etc.\n\nCapital account flows (investement)\n\nSuppose the US has higher interest rates than the UK, then investors will invest in the US - creating more demand for dollars.\n\nGovernment intervention\n\nThe government might make open market transactions if they want to maintain a particular exchange rate.\n\nNow the last two factors will affect exchange rates in the short term - but it is the balance of payments that determine it in the long-term.  This will ultimately be affected by productivity and inflation.
213778
http://www.x-rates.com/calculator.html\nthis link will allow you to figure out the exchange rate..\n not sure if that is what you want .. or do you want to know what currencys there are?\nhttp://europa.eu.int/comm/translation/currencies/entable1.htm
869794
Accounting for Forex is done as per Accounting standard 11 (The effects of changes in Foreign Exchange rates).\n\nA foreign currency transaction should be recorded, on initial recognition in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of the transaction.\n\nThere are separate treatments prescribed in the AS 11 to consider at each of the balance sheet date.\n\nFor detail....check out AS 11 on ICAI website\nhttp://www.icai.org/icairoot/resources/as_index.jsp
697868
It depends.\n\nKeep in mind forex rates are RELATIVE values between TWO currencies .  . it is not an isolated, one-dimensional concept.\n\nSometimes the largest determination is the relative interest rates of their central bank (e.g. the Fed, ECB, B of E, RBA), sometimes how well its economy is going, political future, trade future. The list is endless.
185932
Use this website\nhttp://finance.yahoo.com/currency?u
976272
Trading currency means borrowing in currency X and converting it into currency Y in the hope that currency Y will appreciate against currency X.  When you are ready to close your trade, you convert back from currency Y to currency X.  If Y has appreciated against X, you make a profit.  \n\nNowadays currency trading has been made very easy.  You just have to decide whether you want to buy or sell a particular pair of currency.  For example, if you buy EUR/USD at 1.30, you gain if the rate goes up and lose if it goes down.
825475
This is probably 100,000 pounds (British pounds). \n\nThe current exchange rate is 1.9114 so it is approximately $191,114.00
422777
Result : \non 31 December 2005\n\n1 GBP (UK)=1.7214 USD (US) 1 GBP=1.721436 USD \n1 USD (US)=0.5809 GBP (UK) 1 USD=0.58091 GBP\n\nhttp://fxtop.com/en/cnvhisto.php3?A=1&C1=GBP&C2=USD&DD=31&MM=12&YYYY=2005&B=1&P=&I=1&btnOK=Go%21
673217
I know nothing about exchange rate from US dollar, but I know prices in US dollars\nIt is between 750$ to 2500$ depends on specifications
1107429
The exchange rate on the date that goods or services are received should be used, regardless of the invoice date or the date paid.\n\nAny difference in FX rates between date received & paid is a forex gain or loss.
365876
Yes, though not any one other currency in particular.  Currency prices are the exchange rate for that currency compared to another.  Typically, though, when a currency gets stronger, it becomes more expensive compared to all other currencies.  The Dollar Index is based on a basket of currencies, so if one of those currencies in the basket rises, typically, all the others will follow in the same direction.  It is possible that some event will cause one currency to rise (Let's say if British Unemployment were lower than expected), and another to fall (Let's say riots in Europe), that the Dollar will remain unchanged, although the Euro will be cheaper, but the British Pound will be more expensive.  There are many reasons why the currencies fluctuate, but in the end it is basically an indicator of the the strength of one currency against another.
984429
Hello,\n\nRight now:\n1 Euro = 1.2757 U.S. dollars\n1 U.S. dollar = 0.783883358 Euro\n\n\nYou can get the latest exchange rate on Google, these are the links to the relevant pages:\n\nEUR to USD: \nhttp://www.google.co.uk/search?q=euro+to+usd&start=0&ie=utf-8&oe=utf-8\n\nUSD to EUR:\nhttp://www.google.co.uk/search?hl=en&safe=off&q=usd+to+euro&btnG=Search&meta=\n\nThanks
457413
netherlands uses the euro\nit is worth more than us$