Exchange Rate Updated on – 21-09-2023 06:58:23 PM (IST)
The currency converter given above is easy to use tool. All currency rates are updated frequently. This is very much needed given that the extreme volatility in global currencies lately.
How to use currency converter?
Enter your amount and you will get instant currency conversion.
You can select currency from drop down menu for conversion. All world currencies are available for the conversion.
World Popular Currencies Exchange Rates
Currency rates against all the world currencies –
The moneyexcel.com currency converter is an excellent tool to convert currency from one exchange to another. It can be used if you are traveling, to remit money from abroad or for business purposes. The tool is simple and easy to use and the currency rates are updated frequently.
Movement in Indian Currency
The Indian rupee is slowly moving up in the year 2022, against other currencies in the world. This is mainly due to fast improvement in the Indian economy. The Indian currency is expected to become strong against other currencies due to strong fundamentals and trade deficit improvement. It is a very good sign. However, one can not easily predict future currency rates.
Currency markets are extremely volatile and investors should avoid directly trading in them unless they have the expertise. Those looking to send and receive money from abroad can use our Indian rupee vs other currencies converter.
What is the Exchange Rate?
The Exchange rate means the rate at which one country’s currency will be exchanged for another country’s currency. For example, the 1 US dollar may be able to purchase 75 Rupees on the foreign exchange market. In this case,1 US dollar is worth 75 Rupees.
Every nation determines its exchange rate rule which will apply to its respective currency. This rule may be floating, fixed, or hybrid rate. Import and Export rates of various material across the border is decided by the exchange rates.
Only the Government of a respective country can impose controls on the exchange rates. In a few countries, exchange rates are fixed as per the agreement, but most of them fluctuate daily. The daily rate revision is declared on exchange and found on newspapers and leading finance web portals.
Disclaimer: The currency rates given in the live currency calculator are sourced from reliable sources. There may be variance in rates and prices. moneyexcel.com has made every effort to ensure the accuracy of information provided; however, moneyexcel.com and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell or act based on the rates given. moneyexcel and associates do not accept culpability for losses and/or damages arising based on currency rates provided.