Converter money in the world

Even the exchange of currency for everyday goods and services such as groceries or haircuts involves physical currencies less and less due to the growing popularity of debit cards, credit cards, and mobile payments. Cryptocurrencies are digital currencies operating independently of a central bank or authority, in which encryption techniques are used to regulate the generation of units of currency as well as to verify the transfer of funds.

The current technology behind cryptocurrencies is called blockchain, which is a decentralized ledger of all transactions across a peer-to-peer network. A prominent feature of blockchain is that participants can confirm transactions without the need for a central clearing authority, such as a central bank or government.

The value of cryptocurrencies fluctuates, just like a regular currency, and they can be traded in the same way as any other currency.

Some experts say that there is a slight chance that cryptocurrencies become the currency of the future. For the purposes of this calculator, Bitcoin is the only cryptocurrency available for conversion at the moment. Currencies used in different countries are rarely, if ever, exactly equal in value. As a result, exchange rates the rate at which a currency is exchanged for another exist to enable the equal exchange of currencies.

Real-time exchange rates are supplied by the foreign exchange market forex , the same place where most currency transactions take place. The forex is a global, decentralized, over-the-counter market for the trading of currencies.

Each day, trillions of dollars US worth of currency are traded. The market functions at high speeds, with exchange rates changing every second. The most common forex transactions are exchanges between the U. Send money online fast, secure and easy. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Need to know when a currency hits a specific rate?

The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Check live rates, send money securely, set rate alerts, receive notifications and more. Scan me! Over 70 million downloads worldwide. Since , the Xe Currency Converter has provided free mid-market exchange rates for millions of users. Central African CFA franc. CFP franc. Chilean peso. Chinese renminbi. Colombian peso.

Comorian franc. Congolese franc. Costa Rican colon. Croatian kuna. Cuban convertible peso. Cuban peso. Czech koruna. Danish krone. Djiboutian franc. Dominican peso. East Caribbean dollar. Egyptian pound. Eritrean nakfa. Ethiopian birr.

Falkland Islands pound. Fijian dollar. Gambian dalasi. Georgian lari. Ghanaian cedi. Gibraltar pound. Guatemalan quetzal. Guinean franc.

Guyanese dollar. Haitian gourde. Honduran lempira. Hong Kong dollar. Hungarian forint. Indian rupee. Indonesian rupiah.

Iranian rial. Iraqi dinar. Israeli new sheqel. Jamaican dollar. Jordanian dinar. Kazakhstani tenge. Kenyan shilling. Kuwaiti dinar. Kyrgyzstani som. Please contact the author if you detect any errors rodney.

The comparison is based on data gathered within the project Historical monetary and financial statistics for Sweden. The data is complemented with sources from other countries see list below. Athens, Sofia, Bucharest, Vienna.