It is easier than ever to do business, trade and buy products on a global market. It is important to have a good money converter to make sure all your international transactions go well. There are a few qualities you should look for in a converter to make sure you get an accurate exchange rate on your transactions. Fortunately, there are many online sources you can use to make sure you get accurate live currency and foreign exchange rates that are also free of charge.
XE touts itself as “The World’s Favorite Currency Site.” Perhaps one of the most attractive features of this site is that it is easy to use for those who simply want to know currency conversions out of curiosity as well as for experienced traders or others who have business dealings abroad. The money converter is simple to use. For instance, you can enter 1 US dollar then find its equivalent to any form of currency around the world. It is also a good research site as you can find information on historical rates and monitor rates of various forms of currency. If you are planning a trip, you can use the travel expense calculator to get familiar with the currency exchange rate of your host country. Furthermore, XE has other useful features such as up to date Forex news and the XE currency converter widget that includes a money converter and cross-rate table in addition to the Forex news feature.
GoCurrency.com is also a user friendly money converter site that has the exchange rates for the US, UK, Japan, Canada and Australia right on the front page in an easy to read table. These rates are delayed by at least 20 minutes, so you can be assured that they are fairly accurate. You are still able to plug in information to get an exchange from any country in the world. There are also useful features for international investors, currency trading and traveling abroad. You can even add the conversion table featured on the site to your own site.
If you feel more comfortable going to well-established sources, you can find a money converter with familiar sites such as Bloomberg, Yahoo! and MSN. As with other sites, it is easy to find up to date currency exchange rates and get easy, quick access to the six major currencies of the world on Yahoo! Finance. You not only get a quick pocket guide for the US dollar and Euro, but you can also compare flat rates and cross rates for currencies investing. The MSN money converter site is a bit bare compared to others, but it contains a simple currency conversion feature. However, there are links that provide you with information such as the market summary and news on the US and world markets. There are also links for the currency rates and cross-currency. Interestingly, Bloomberg’s currency conversion page is similar with a simple conversion tool in its personal finance section.