What are Foreign Currency Exchange Rates?

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Foreign Exchange Rates and other Forex topics.

What are Foreign Currency Exchange Rates?

What are Foreign Currency Exchange Rates?

Fxclub.com Tip: The simplest definition of foreign currency exchange rates is the rate at which one currency, such as U.S. dollars, can be traded for another. As these currency exchange rates fluctuate constantly, there is considerable opportunity to earn money from the differences - called "arbitrage."

There are online sites that show currency exchange rates in real time where traders, or travelers, can check exchange rates.

The market through which investors trade in foreign currencies is called the Forex market.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Forex Tip Site? Request a Tip Now!

Guru Spotlight
William Pirraglia