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

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XRP Surges 4.9% Amid 5.5% Daily Volatility, Bitkub Issues Trader Alert

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

Monday, Jan 5, 2026

1 mins read

Thailand-based crypto exchange Bitkub issued a price alert on XRP following sharp intraday swings. Data from the platform shows XRP’s...

25 mins

Metaplanet Shares Jump 15% After ¥150bn Buyback as Bitcoin Exposure Gains Focus

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

Monday, Jan 5, 2026

4 mins read

Metaplanet (TYO: 3350) - a bit of an outlier in the corporate world for its sizeable bitcoin holdings, is Asia's fourth largest corporate...

3 h

Solana (SOL) Consolidates Above $135: Technical Outlook Points to Further Upside

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

Monday, Jan 5, 2026

3 mins read

Solana (SOL) Consolidates Above $135: Technical Outlook Points to Further Upside

Solana (SOL) is holding above $135, which is a 1.1% increase in the last 24 hours. This is because the network's fundamentals are getting

7 h

Dogecoin Surges 18% Weekly, Critical Accumulation Zone Signals Potential Rally to $0.20

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

Monday, Jan 5, 2026

3 mins read

Dogecoin Surges 18% Weekly, Critical Accumulation Zone Signals Potential Rally to $0.20

In the first few days of 2026, Dogecoin has been a remarkable performer, rising more than 18% in the past week to stay far above the $0.15

10 h

Ethereum Eyes $4,061 Breakout as Network Growth Surges 110% Post-Fusaka Upgrade

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

Monday, Jan 5, 2026

3 mins read

Ethereum Eyes $4,061 Breakout as Network Growth Surges 110% Post-Fusaka Upgrade

Ethereum is trading above $3,180, which is a 1.3% increase in the last 24 hours, getting close to a very important technical turning point.

12 h

Bitcoin Tests $93,000 as Markets Digest Venezuela Tensions: Technical Analysis Points to Potential $100K Retest

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

Monday, Jan 5, 2026

3 mins read

Bitcoin Tests $93,000 as Markets Digest Venezuela Tensions: Technical Analysis Points to Potential $100K Retest

Bitcoin is holding up well despite political uncertainties. It is currently trading above $93,000, which is a 2.2% increase over the past 24

13 h

Daily Crypto Signals: Bitcoin Holds Above $92K, Sentiment Shifts to Neutral Amid Venezuela Crisis

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

Monday, Jan 5, 2026

3 mins read

Daily Crypto Signals: Bitcoin Holds Above $92K, Sentiment Shifts to Neutral Amid Venezuela Crisis

The cryptocurrency market is showing signs of recovery as the Crypto Fear and Greed Index flipped to "neutral" for the first time since Oct

13 h

Dogecoin Jumps 12% as $3B in Exchange Supply Fuels Bullish Momentum

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

Saturday, Jan 3, 2026

1 mins read

Dogecoin (DOGE) saw a dramatic 12% gain in a single day, breaking above a long-term descending trendline. After weeks of tight...

2 d

Ethereum Staking Surges: 4-Month High in ETH Waiting to Be Staked

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

Saturday, Jan 3, 2026

2 mins read

Ethereum's staking ecosystem is finally showing some real strength, with more ETH now waiting to be staked than withdrawn...

2 d

Tom Lee Predicts Bitcoin Could Hit $180K in 28 Days as Demand Soars

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

Saturday, Jan 3, 2026

2 mins read

Bitcoin has drawn the world's attention after a bold prediction from Wall Street strategist Tom Lee. Lee thinks Bitcoin could easily hit...

2 d

Iran Accepts Crypto for $16B Arms Deals, Skirting Global Banking Rules

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

Saturday, Jan 3, 2026

2 mins read

Iran has just added cryptocurrency to its roster of payment options for selling arms abroad, alongside bartering and the good old Iranian...

2 d

XRP Surges 10% in 24 Hours as $4.27B Volume Signals Strong Bullish Shift

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

Saturday, Jan 3, 2026

2 mins read

XRP climbed 10% in the past 24 hours, regaining the $2.00 level as optimism swept through digital assets. The move coincided with Bitcoin...

2 d

Bitcoin Lost 7.5% for the Year; New BTC Price Prediction

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

Friday, Jan 2, 2026

2 mins read

Bitcoin is starting to move higher after months of sub-$90K activity.

Bitcoin is still just below the $90K level but could be surpassing that resistance threshold soon as it ramps up for the new year.

3 d

Bitcoin Faces 21% Odds on $150K Target as Traders Turn Cautious

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

Friday, Jan 2, 2026

3 mins read

Prediction Market traders are showing a more cautious attitude toward Bitcoin's short-term upside, even as they remain very positive...

3 d

$717M RWA Growth Positions XDC for Major 2026 Breakout, Data Shows

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

Friday, Jan 2, 2026

2 mins read

The XDC Network is heading into 2026 on a roll - it's fast becoming one of the most active blockchains for real-world asset (RWA)...

3 d

Bitcoin Bear Signal Suggests $56K–$60K Bottom Ahead in 2026

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

Friday, Jan 2, 2026

3 mins read

Bitcoin may already be two and a half months into a bear market. Or so say on-chain indicators tracked by CryptoQuant. Julio Moreno...

3 d

$2.2B Options Expiry Puts Bitcoin and Ethereum on Volatility Watch

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

Friday, Jan 2, 2026

2 mins read

The crypto derivatives market is heading into 2026 with a major test in store for traders - a whopping $2.2 bn in Bitcoin and Ethereum...

3 d

Crypto Starts 2026 Strong: ADA Up 7%, BTC and ETH Lead Rebound

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

Friday, Jan 2, 2026

2 mins read

Digital assets started 2026 in a relatively steady manner as Liquidity picked up, coming off the holiday season...

3 d

Ethereum Holds $3,000 as Buterin Refocuses Network on Decentralization, Hayes Rotates $5.5M Into DeFi

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

Friday, Jan 2, 2026

3 mins read

Ethereum Holds $3,000 as Buterin Refocuses Network on Decentralization, Hayes Rotates $5.5M Into DeFi

Ethereum is trading above $3,000 on Friday, up 1.3% in the last 24 hours. This is because the second-largest cryptocurrency by market cap is

3 d

Standard Chartered: XRP Poised for $8 on Regulatory Clarity and ETF Frenzy

By Olumide Adesina, Financial Market Writer

Friday, Jan 2, 2026

1 mins read

Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, increased the stakes on the price of XRP.

3 d

MORE NEWS

Cryptocurrencies

XRP Surges 4.9% Amid 5.5% Daily Volatility, Bitkub Issues Trader Alert

Metaplanet Shares Jump 15% After ¥150bn Buyback as Bitcoin Exposure Gains Focus

Solana (SOL) Consolidates Above $135: Technical Outlook Points to Further Upside

Dogecoin Surges 18% Weekly, Critical Accumulation Zone Signals Potential Rally to $0.20

Ethereum Eyes $4,061 Breakout as Network Growth Surges 110% Post-Fusaka Upgrade

Bitcoin Tests $93,000 as Markets Digest Venezuela Tensions: Technical Analysis Points to Potential $100K Retest

Daily Crypto Signals: Bitcoin Holds Above $92K, Sentiment Shifts to Neutral Amid Venezuela Crisis

Dogecoin Jumps 12% as $3B in Exchange Supply Fuels Bullish Momentum

Ethereum Staking Surges: 4-Month High in ETH Waiting to Be Staked

Tom Lee Predicts Bitcoin Could Hit $180K in 28 Days as Demand Soars

Iran Accepts Crypto for $16B Arms Deals, Skirting Global Banking Rules

XRP Surges 10% in 24 Hours as $4.27B Volume Signals Strong Bullish Shift

Bitcoin Lost 7.5% for the Year; New BTC Price Prediction

Bitcoin Faces 21% Odds on $150K Target as Traders Turn Cautious

$717M RWA Growth Positions XDC for Major 2026 Breakout, Data Shows

Bitcoin Bear Signal Suggests $56K–$60K Bottom Ahead in 2026

$2.2B Options Expiry Puts Bitcoin and Ethereum on Volatility Watch

Crypto Starts 2026 Strong: ADA Up 7%, BTC and ETH Lead Rebound

Ethereum Holds $3,000 as Buterin Refocuses Network on Decentralization, Hayes Rotates $5.5M Into DeFi

Standard Chartered: XRP Poised for $8 on Regulatory Clarity and ETF Frenzy

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