Australia Exchange Rates Calculator
In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency. For example an exchange rate of 91 Australian Dollar (AUD) to the United States dollar (USD, $) means that AUD 91 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 3.2 trillion USD worth of currency changes hands every day.
The spot exchange rate calculator 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.
In our website Aus Exchange Rates dot com, we provide all of the most popular currency rates & it’s automatically update every 15 seconds. We also have a very flexible converter module for help all of your Forex trading campaign.