Mon 13th August 2012
The easiest way is to use Google. For example, imagine you’re exchanging UK pounds for euros. To find the exchange rate on Google, you would go to Google’s home page and enter the currencies ISO codes for pounds to euros i.e. ‘GBP to EUR.’ Enter this, and Google will return the latest foreign exchange rate, accurate up to fifteen minutes.
There is one thing to keep in mind: Google returns the interbank exchange rate, which is the rate at which international banks loan money to each other in high volumes. If you’re changing currencies, this is not the rate you will receive (it will always be lower, so it the pound to euro interbank is 1.30, you will always get below that.) For the exchange rate you actually get, you’d have to talk to a bank or foreign exchange broker (with each one offering a different rate.)
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I do hope this post has answered your question. For more information you might be useful:
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