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The current exchange rate is equivalent to 0. Alternatively, you may try converting Euro to Swiss Krona. The table shows the data and analysis of the variations. A year ago today, on this day, they provided the equivalent of kr1. Be on the lookout for any changes, ready up-to-date. In the majority of cases, this data is sufficient to predict future changes.
Today navigation. Rate: 0. This strategy is difficult to execute because it encourages the emergence of black market currency trading. Another option of maintaining the fixed rate is for a country to keep a stock of foreign currency and to engage in foreign exchange trading, by either buying or selling its own currency as needed, to keep the rate stable.
Trading currencies on the foreign exchange market FX happens between private individuals brokers , companies such as securities dealers and banks as well as regular commercial companies, and governments, who are interested in maintaining the fixed exchange rate, for example. There is a number of models proposed to explain the change in the exchange rates, but none of them are accurate in predicting and explaining this change over a long period of time. Trusts and funds, like the pension fund, also invest money in FX trading.
Trading can be done by a person who manually tracks the changes in the market, or electronically. The exchange rate of a given currency pair fluctuates based on many factors, including but not limited to the economy of the countries, the impact of the traders on the currency value, et cetera.
FX trading allows companies to operate internationally and provides brokers with an income that is made on buying a currency cheaper and selling it for a higher price. People engaged in FX trading since ancient times, charging a fee for the service of exchanging the money. Because of the volume of their trades, they have a smaller difference between the bid prices the highest price to be paid by a buyer and ask prices the price that the seller will accept.
Some currency is traded for the use by individuals or companies, in business operations or private transactions. For example, money transfer companies provide services to individuals to trade currency and send it abroad. However, most of the FX trading is speculative. This means that it is bought based on the hope that the price will later rise, and then sold at a higher price to make a profit.
Some of the major players in the speculative market are hedge funds. The speculative market, therefore, has a stronger impact on the currency change rates, than do the daily business operations of companies and individuals. This article was written by Kateryna Yuri. Convert Russian ruble to US dollar.
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The exchange rate between two currencies also known as a foreign exchange rate FX rate specifies the value of one currency in terms of another currency for the purpose of conversion. There are two common ways to quote exchange rates: direct and indirect quotations. In direct quotation , also known as price quotation, the exchange rate of the home currency is expressed as equivalent to, for example, 1 or units of the foreign currency.
The more valuable is the home currency, the smaller amount of this currency is needed to exchange for a foreign currency. This gives a lower exchange rate. If the home currency becomes less valuable, a lesser amount of foreign currency is needed to exchange for the same amount of home currency.
Thus, the direct exchange rate becomes higher and the home currency is depreciating. Under the direct quotation, changes in the exchange rates are inversely related to the changes in the value of the home currency.
When the value of the home currency falls, the direct exchange rate rises and vice versa. Under the indirect quotation , also known as the quantity quotation, the exchange rate of a foreign currency is expressed as equivalent, for example, of 1 or units of the home currency.
The more valuable is the home currency, the greater amount of the foreign currency is needed to exchange for a home currency. This gives a higher exchange rate. If the home currency becomes less valuable, a smaller amount of foreign currency is needed to exchange for the same amount of home currency.
Thus, the indirect exchange rate becomes lower and the home currency is depreciating. Under the indirect quotation, changes in the exchange rates are in direct proportion to the changes in the value of the home currency. When the value of the home currency falls, the indirect exchange rate drops and vice versa.
In practice, because market makers who match together buyers and sellers usually take a commission, it is rarely possible to exchange currency at the exact rate quoted. Thus, if a broker wants to buy a foreign currency, he or she would do so at a lesser price, and if a broker were offering to sell this currency, he or she might do so at a higher price. While using the TranslatorsCafe. Though we strive to obtain the most accurate and timely information available, the exchange rates change rapidly.
Therefore TranslatorsCafe. Please also note that credit card purchases are automatically converted to your currency by your credit card company. Credit card companies make money on conversion and consequently may use slightly different exchange rates. This online unit converter allows quick and accurate conversion between many units of measure, from one system to another. The Unit Conversion page provides a solution for engineers, translators, and for anyone whose activities require working with quantities measured in different units.
Learn Technical English with Our Videos! You can use this online converter to convert between several hundred units including metric, British and American in 76 categories, or several thousand pairs including acceleration, area, electrical, energy, force, length, light, mass, mass flow, density, specific volume, power, pressure, stress, temperature, time, torque, velocity, viscosity, volume and capacity, volume flow, and more. Note: Integers numbers without a decimal period or exponent notation are considered accurate up to 15 digits and the maximum number of digits after the decimal point is In this calculator, E notation is used to represent numbers that are too small or too large.
E-notation is commonly used in calculators and by scientists, mathematicians and engineers. We work hard to ensure that the results presented by TranslatorsCafe. However, we do not guarantee that our converters and calculators are free of errors. Terms and Conditions. If you have noticed an error in the text or calculations, or you need another converter, which you did not find here, please let us know! Mobile View. Alexa Rank.
Convert Swedish Krona to Euro ; 25 SEK, EUR ; 50 SEK, EUR ; SEK, EUR ; SEK, EUR. Handy Conversion Data Table ; 1 SEK, EUR, 1 EUR, SEK ; 2 SEK, EUR, 2 EUR, SEK. Exchange Rate Today For Converting Swedish Krona to Euros - 1 SEK = EUR ; Convert SEK: , ; Into EUR: ,