How to Find Currency Exchange Rates Online

Interested in foreign currency trading? You can find currency exchange rates without even leaving your computer.

Instructions

Difficulty: Moderately Easy

Things You’ll Need:

• Internet access
• Calculator
• Computer
• Spreadsheet software

1. Visit a search engine such as Yahoo! or Google.
2. Type in the keywords "exchange rates online."
3. Press Enter on your keyboard or click the Search button to submit your query.
4. Click on a site that best suits your interests or needs from the list of search results provided by the search engine.
5. Choose the country or countries whose exchange rate you're looking for.
6. Follow the directions on the site to find out the currency exchange rate you're looking for.
7. Click the Back button on your Web browser to return to the list of search results and choose another site to explore.

Tips & Warnings

• Use Bloomberg to access foreign currencies by region or use their currency calculator to determine exact amounts based on the current exchange rate (see Resources).
• RatesFX provides a wealth of information, including exchange rates from numerous countries and a glossary of currency exchange terms (see Resources).
• Although the U.S. dollar is commonly used as the benchmark, you can compare the currency of any country to another.
• If you're planning to travel, find out if the country you're planning to visit has any restrictions on importing or exporting currency.