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An exchange rate is a cost to exchange currency for the other one. Forex is all about currencies and their exchanges Nike Air Max Classic BW 2020 Baratas , constant fluctuations in exchange rates effectaffect the market. It works exactly like stocks or gold and price goes up as well as down similarly. Exchanging currency in the forex market and the bank is two completely different functions.
Market Exchange Rates
In a Forex market, traders sell and purchase currencies 24X7. For a trade to occur Nike Air Max 98 2020 Baratas , exchanging currencies is a must. For a business to occur, one currency must be exchanged for another. If one wants to buy USD, then some other currency would be used (given) to buy it. The currency that is about to be purchased and the one to be provided, make a currency pair. For example Nike Air Max 1 2020 Baratas , if a trader has bought USD in exchange for EUR, then the currency pair would be represented as, EURUSD. In this case, the exchange rate would be for EURUSD. You can know the current rates of almost all the currencies by just Googling it. The search results will show you plenty of websites where you may check recent currency rates.


Exchange Rate Study
To understand how exchange rates should be studied Nike Air Max 95 2020 Baratas , we l consider an example here. Let assume that the EURUSD exchange rate is 1.0450, indicates that it costs 1.0450 USD to buy 1 EUR. In a currency pair, the currency (EUR) that is listed on the first, shows one unit of particular currency. In other words Nike Air Max 90 2020 Baratas , exchange rate represents the value of the second currency (USD) needed to buy one unit of first currency (EUR).


One can also calculate the value of the first currency (EUR) needed to buy one USD (second currency). The mathematical formula which can be used here is:


Value of F.C. (First currency) required to buy 1 unit of S.C. (Second currency) = 1exchange rate


So in this case, it would be; 11.0450 = 0.9569. It means 0.9569 EUR required to purchase 1 USD. So it can be represented as:


Exchange rate for the reversed currency pair (USDEUR) = 0.9569.


Exchange Spreads
When you consider the bank to secure currencies, you will not get the market price over there. Banks and other currency conversion associationshouses add on their profit in the market price, that why the exchange rate offered by the bank is always more than that of the market.


We will be considering the above example here also. If the EURUSD exchange price in the market is 1.0450 http://www.airmax2020.com.es , the bank can charge 1.07 (more than fair). One can easily calculate the percentage difference in between market and bank price.


Difference in % = [(Bank Exchange Rate 鈥?Market Exchange Rate) Market Exchange Rate] X 100


i.e. Percentage Difference (EURUSD) = [(1.07 鈥?1.0450) 1.0450] X 100 = [0.0251.0450] X 100 = 2.39%


Also, the percentage difference for the reverse currency pair (USDEUR) can be calculated similarly. (Let consider the exchange rate provided by bank is 0.9829)


By applying the same formula given above:


i.e. Percentage Difference (USDEUR) = [(0.9829 鈥?0.9569) 0.9569] X 100 = [0.0260.9569] X 100 = 2.71%


Banks charge extra because of their additional services. Banks do provide your case, yet traders don鈥檛 do the same. So bank implements withdrawal fees and wire fees accordingly. Some of the banks offer near about price as market price; investors should opt for such banks.


RevenuTrade is one of the leading online forex trading brokers. Our Sign up process is fully free-of-cost. If you want to see how things work in FX market, then you should begin with a demo account. Once you feel it is the right time for you Zapatillas Nike 2020 Baratas , then you start with a live account. We also guide through the online trading tools and make you knowledgeable about forex market and the risks involved to become a successful trader.

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Making Your Website Visitors Stick Around Marketing Articles | April 9, 2011
A sticky site is a website that your visitors stay around at for a long time. But an even stickier site is one in which your visitors keep coming back to it, day after day. In order to have a sticky s...

A sticky site is a website that your visitors stay around at for a long time. But an even stickier site is one in which your visitors keep coming back to it, day after day. In order to have a sticky siteblog you will need to have a really good website. So what does a good website consist of anyway? This article will show you some tips on how you can create a website that makes your surfers stick around.

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