World.com.ru – Free currency converter for major word currencies. Convert more than 100 foreign currency cross rates at today’s exchange rate. World.com.ru provides our visitors with the ability to both effectively and quickly see the exchange rates of all the major worldwide currencies. Whilst World.com.ru website does focus on the main currencies, even the less frequently exchanged currencies such as the Kenyan Shilling, Latvian Lat, Libyan Dinar and the Korean Won are also easily converted. By using the currency converter you can quickly and easily see how many USD you will receive when getting it exchanged into Euro’s or even how much Lebanese Pounds you will get compared with the British Pound.
In finance, an exchange rate (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. The foreign exchange market assists international trade and investment by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states especially Eurozone members and pay Euros, even though its income is in United States dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.
www.world.com.ru website provides free and up to the minute conversion rates. World.com.ru service is extremely user-friendly and fast. If you have any questions, please do not hesitate to contact us.