How To Transfer Currencies

Table of contents:

How To Transfer Currencies
How To Transfer Currencies

Video: How To Transfer Currencies

Video: How To Transfer Currencies
Video: Currency Exchange Rates - How To Convert Currency 2024, March
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Often there is a need to find out the values of the exchange rate of one currency relative to another. In principle, converting currencies from one to another is not difficult, but taking paper and a pen, or even a calculator for this, is not always acceptable and convenient in our fast-paced electronic age. There are faster ways to transfer currencies.

How to transfer currencies
How to transfer currencies

It is necessary

Internet access, currency converter

Instructions

Step 1

What does it mean to convert one currency to another? This means that you want to find the number of units of one currency that are contained in the currency of another. Let's say that the ruble against the US dollar is 30 rubles. What does this mean? This means that one dollar "fits" 30 Russian rubles.

Step 2

Today on the Internet there are quite convenient currency converters designed to find the rate of one currency relative to another. It makes no sense to list all possible such services. You can find one of the most convenient currency translators on the Google service by setting up the corresponding application on the start page.

Step 3

Select from the drop-down list of the converter the currency that you want to express in the units of the second currency. In the list, you can find several dozen of the most common world currencies. Then select the second currency from the lower dropdown list. In the window on the left, indicate the number of units that you want to know (translate). Click the Translate button.

Step 4

Let's say you want to know the current market ratio of the US dollar to the Russian ruble. After completing the above steps, you will receive the result: 1 USD = 27, 404 RUB. This means that at the moment there are 27, 404 rubles in one dollar. By clicking on the "invert" link, you will get the inverse ratio: 1 RUB = 0.0365 USD.

Step 5

There is another exotic way that allows you not only to accurately find out the market ratio of the most popular currencies, but also to track the dynamics of changes in exchange rates over time during the day. This can be done, for example, using a trading terminal used in foreign exchange trading on the FOREX interbank foreign exchange market.

Step 6

To do this, you will have to install the terminal on your computer in advance. One of the most user-friendly terminals is MetaTrader. Having it on your computer, you can find out in real time the rates of the most popular currencies quoted on the interbank market. There is a special window for this in the terminal. Keep in mind only that the values of the cousins can differ significantly from those values that you will see at bank currency exchange offices.

Step 7

As you can see, modern Internet technologies are quite capable of helping in such a difficult matter as transferring hard-earned rubles into the currency you need.

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