How are exchange rates determined?

The currency exchange rate is considered in relation to another currency, or a basket of currencies. Exchange rates can be floating rates, determined by free market factors, such as the economic health of a country, or fixed rates set by central banks. Spreads are not included in the FxLeaders currency converter, but usually, you get tighter conversion spreads through online brokers if you want to buy one currency with another one, and higher conversion spreads on over-the-counter dealers, such as banks and foreign exchange offices.

How to calculate an exchange rate?

Basically, by multiplying the conversion rate by the amount you want to exchange. For EUR 500, you would need 1.13 x 500 = $650. But, the FXLeaders exchange rate calculator makes life very easy. It offers the exchange rate of a single unit of currency for another, as well as the total amount of foreign currency in exchange for the amount of the currency you want to exchange. Physical currency exchange comes with exchange rates and/or fees, but the closer to the FXLeaders exchange rate/amount, the better the deal from your FX exchange agent.

How often do foreign exchange rates change?

Foreign exchange rates change continuously 24/5, and they often also fluctuate over the weekend, opening with market gaps. Usually the exchange rates move slowly, resulting in major differences for a normal traveler, but at times there are some huge fluctuations in live exchange rates, due to economic or political news. Our currency converter updates live exchange rates every 5 seconds, exclusive to FXLeaders.

Can you predict exchange rates?

Exchange rate predictions are hard, given the fact that there are many professional aspects you need to understand and evaluate beforehand. Exchange rate forecasts should include both sides of the coin for the two currencies in the currency pair. They should also include the fundamental analysis, with economic news, central bank forecasts, politics and the broader market sentiment, as well as the technical analysis.

What are currency pairs?

A forex pair is a pair of two currencies, quoted against each other. They are usually presented in the abbreviated form of EUR/USD 1.13, for instance, for Euros Vs US Dollars. Usually, the second currency is presented as the exchange value of the first currency, meaning that to buy one US Dollar you will need EUR 1.13. Many people utilize the fluctuation/volatility to trade forex pairs in the forex market through retail brokers, aiming to make a profit from the fluctuating exchange rates.

What determines the value of a currency?

In the case of a fixed/pegged currency, the government of a country may, as is the case with China, determine the currency value through the central bank, while in other cases, like in Switzerland, it is the central bank (SNB) itself that pegs the currency to another currency or a basket of currencies, in relation to the trade volume with that country. The currency price for floating currencies is determined by market forces, such as supply and demand. These forces are heavily affected by the economic forecasts of a country, central bank activities, rhetoric and forecasts, politics, market sentiment etc., while technical factors determine whether that currency is overvalued or undervalued.

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Cryptocurrencies

Cryptocurrencies

Due to the tremendous global interest in crypto's and how to trade the different cryptocurrencies (including bitcoin, Ethereum, Litecoin, Dash, Ripple, etc.), FX Leaders' analysts bring you all the information you need to trade and invest in cryptocurrencies profitably. Find out more about the unique and powerful asset class that has emerged from practically nowhere to become one of the hottest investment topics of the 21st century - cryptocurrencies! More

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Latest Crypto News

Where to trade cryptocurrencies

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$8.6B Crypto Deal Boom in 2025 Fueled by Clear Rules and IPO Rush

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

2 mins read

The cryptocurrency industry saw a wild ride in 2025, with mergers and acquisitions shooting past a record $8.6 billion...

9 h

Schiff Doubles Down: Bitcoin Faces 80% Drop, Gold Sets New Record

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

2 mins read

Gold advocate and Bitcoin critic Peter Schiff is sounding the alarm for crypto investors. He's really hammering home...

9 h

$952M Exits Crypto ETFs in 30 Days, Signaling Institutional Pullback

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

2 mins read

U.S.-listed Bitcoin & Ether exchange-traded funds are sending a clear warning signal. Since early November, the 30-day...

11 h

Amplify Launches 2 New ETFs as Stablecoins and Tokenization Rise

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

3 mins read

Amplify Investments has just launched not one but two brand new exchange-traded funds that are bringing the latest action in stablecoins...

11 h

XRP ETFs Hit $1.13B Inflows as Binance Reserves Fall to 6-Month Low

By Maham Arslan, Crypto News Writer | Blockchain & Web3 Reporter

Wednesday, Dec 24, 2025

2 mins read

XRP has taken a brutal six months, being beaten by whales and long-term holders just dumping the stuff nonstop.

12 h

Bitcoin’s Rare Down Year Looms as October Leverage Wipeout Echoes On

By Olumide Adesina, Financial Market Writer

Wednesday, Dec 24, 2025

1 mins read

Bitcoin has only finished the year lower in 2014, 2018, and 2022, and it is currently down 7% YTD.

Bitcoin

13 h

XRP’s ETF Triumph: Ripple Stronger Demand Than Ethereum in a Tough Market

By Olumide Adesina, Financial Market Writer

Wednesday, Dec 24, 2025

1 mins read

XRP is now gaining recognition as a dependable bridge between traditional finance and digital assets

13 h

Ethereum Tests Critical $2,900 Support, Bitmine Accumulates 4 Million ETH Amid Weakening Market Structure

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

3 mins read

Ethereum Tests Critical $2,900 Support, Bitmine Accumulates 4 Million ETH Amid Weakening Market Structure

As of Wednesday, Ethereum is trading at $2,944. It is under a lot of technical pressure because it couldn't keep going beyond the important

17 h

Solana Struggles at $121 as Corporate Treasury Strategies Stall and Network Activity Plunges 97%

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

3 mins read

Solana Struggles at $121 as Corporate Treasury Strategies Stall and Network Activity Plunges 97%

Solana (SOL) is now worth $121, which is a 2.5% drop in the last 24 hours. The blockchain network is facing more and more problems on

18 h

Bitcoin Struggles Below $88K as Exchange Inflows Collapse and Moving Averages Turn Bearish

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

3 mins read

Bitcoin Struggles Below $88K as Exchange Inflows Collapse and Moving Averages Turn Bearish

Bitcoin is trading close to $87,000 right now, which is down more than 1% in the last 24 hours. This is because the top cryptocurrency faces

19 h

Daily Crypto Signals: Bitcoin Volatility Compression Signals Stability, Altcoins Position for 2026 Recovery

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Wednesday, Dec 24, 2025

4 mins read

Daily Crypto Signals: Bitcoin Volatility Compression Signals Stability, Altcoins Position for 2026 Recovery

Bitcoin's compressed volatility and absence of extreme price swings may prevent the dramatic drawdowns typically seen in crypto cycles

20 h

Ghana Legalizes Crypto as $3B in Trades Drive National Adoption Push

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

2 mins read

Ghana has finally put to rest the long-standing uncertainty shrouding cryptocurrency trading by passing the Virtual Asset Service Providers.

1 d

$1.14B IMF Talks Put Spotlight on El Salvador’s Bitcoin Strategy

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

2 mins read

El Salvador's bitcoin strategy is on a knife-edge right now, with the International Monetary Fund (IMF) saying that some progress...

1 d

The Satoshi Signal Strikes Again – Is a Bitcoin Price Plunge Coming?

By Olumide Adesina, Financial Market Writer

Tuesday, Dec 23, 2025

1 mins read

Analysts caution that the surge in interest in Satoshi Nakamoto, the enigmatic creator of Bitcoin, could have negative effects on the price of BTC

Bitcoin

2 d

Ripple Scores Big as Ex-BlackRock VP Highlights XRP ETF’s $1B+ Volume Amid Market Fatigue

By Olumide Adesina, Financial Market Writer

Tuesday, Dec 23, 2025

1 mins read

Former BlackRock vice president John Gillen discussed systemic stress, investor psychology, and XRP ETF flows.

2 d

Crypto Market Faces $28B Options Expiry as Bitcoin Holds $88K

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

2 mins read

Cryptocurrency markets limped along on Monday, barely budging as traders sat on their hands awaiting the record options expiry later...

2 d

Ethereum Holds Critical $3,000 Support as Whales Accumulate and Treasury Companies Reduce Debt Positions

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

3 mins read

Ethereum Holds Critical $3,000 Support as Whales Accumulate and Treasury Companies Reduce Debt Positions

As of this writing, Ethereum (ETH) is still around $3,000, and it hasn't altered much in the last 24 hours. This is because market

2 d

Bitcoin Holds Above $88K as Miner Capitulation Signals Potential Bottom Formation

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

4 mins read

Bitcoin Holds Above $88K as Miner Capitulation Signals Potential Bottom Formation

Bitcoin is holding steady above $89,000 as December 2024 comes to an end. This is almost 30% lower from its all-time high of $126,080 in Oct

2 d

Daily Crypto Signals: Bitcoin Holds $88K, Ethereum Reclaims $3,000 Amid Growing Network Activity

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Tuesday, Dec 23, 2025

4 mins read

Daily Crypto Signals: Bitcoin Holds $88K, Ethereum Reclaims $3,000 Amid Growing Network Activity

Bitcoin stabilizes around $88,400 following recent miner capitulation that historically signals bullish momentum, while Ethereum rebounds

2 d

Bitcoin Rally to $90K Draws New BTC Price Predictions

By Timothy St. John, Financial Writer - European & US Desks

Monday, Dec 22, 2025

2 mins read

Bitcoin could move either way at this critical $90K juncture.

Bitcoin is at a tough resistance level and could be pushed back down or overcome this hurdle this week.

2 d

MORE NEWS

Cryptocurrencies

$8.6B Crypto Deal Boom in 2025 Fueled by Clear Rules and IPO Rush

Schiff Doubles Down: Bitcoin Faces 80% Drop, Gold Sets New Record

$952M Exits Crypto ETFs in 30 Days, Signaling Institutional Pullback

Amplify Launches 2 New ETFs as Stablecoins and Tokenization Rise

XRP ETFs Hit $1.13B Inflows as Binance Reserves Fall to 6-Month Low

Bitcoin’s Rare Down Year Looms as October Leverage Wipeout Echoes On

XRP’s ETF Triumph: Ripple Stronger Demand Than Ethereum in a Tough Market

Ethereum Tests Critical $2,900 Support, Bitmine Accumulates 4 Million ETH Amid Weakening Market Structure

Solana Struggles at $121 as Corporate Treasury Strategies Stall and Network Activity Plunges 97%

Bitcoin Struggles Below $88K as Exchange Inflows Collapse and Moving Averages Turn Bearish

Daily Crypto Signals: Bitcoin Volatility Compression Signals Stability, Altcoins Position for 2026 Recovery

Ghana Legalizes Crypto as $3B in Trades Drive National Adoption Push

$1.14B IMF Talks Put Spotlight on El Salvador’s Bitcoin Strategy

The Satoshi Signal Strikes Again – Is a Bitcoin Price Plunge Coming?

Ripple Scores Big as Ex-BlackRock VP Highlights XRP ETF’s $1B+ Volume Amid Market Fatigue

Crypto Market Faces $28B Options Expiry as Bitcoin Holds $88K

Ethereum Holds Critical $3,000 Support as Whales Accumulate and Treasury Companies Reduce Debt Positions

Bitcoin Holds Above $88K as Miner Capitulation Signals Potential Bottom Formation

Daily Crypto Signals: Bitcoin Holds $88K, Ethereum Reclaims $3,000 Amid Growing Network Activity

Bitcoin Rally to $90K Draws New BTC Price Predictions

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