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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Ethereum Crash below $3.5K Amid Market Blood Bath

By Olumide Adesina, Financial Market Writer

Saturday, Aug 2, 2025

1 mins read

Ethereum dropped below $3,500 on August 2, reflecting market fatigue and pessimism.

24 mins

$125 million Ripple Fine Frozen Pending SEC’s Next Move

By Olumide Adesina, Financial Market Writer

Saturday, Aug 2, 2025

1 mins read

XRP's final settlement with SEC has been delayed because Ripple's $125 million penalty is still in escrow

Ripple
SEC

31 mins

Crypto Hacks Surge 27% in July, Reaching $142 Million as Security Threats Evolve

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

Friday, Aug 1, 2025

3 mins read

Crypto Hacks Surge 27% in July, Reaching $142 Million as Security Threats Evolve

According to blockchain security startup PeckShield, the cryptocurrency market had a big rise in security breaches in July 2025. There were

21 h

Crypto Market Sheds $635M in Liquidations as Altcoins Drop Up to 7%

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

Friday, Aug 1, 2025

2 mins read

The crypto market sold off big time on Friday after the US Federal Reserve decided to hold interest rates steady at 4.25% to 4.50%...

23 h

Solana Battles Key Support at $169 Amid Institutional Push for Liquid Staking ETFs

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

Friday, Aug 1, 2025

3 mins read

Solana Battles Key Support at $169 Amid Institutional Push for Liquid Staking ETFs

Jito Labs, a Solana infrastructure provider, has teamed up with well-known asset managers VanEck and Bitwise, as well as the Solana Policy

24 h

Ethereum Shows Resilience at $3,600 Support, Quantum-Resistant “Lean Ethereum” Proposal Emerges

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

Friday, Aug 1, 2025

3 mins read

Ethereum Shows Resilience at $3,600 Support, Quantum-Resistant

Ethereum (ETH) is showing a lot of strength above the important $3,600 support level, even though it has down 4.5% in the last 24 hours.

1 d

Ripple Whales dump, SEC silence turn XRP into a Blood Bath

By Olumide Adesina, Financial Market Writer

Friday, Aug 1, 2025

2 mins read

Ripple
SEC

1 d

Bitcoin sinks Under Federal Reserve Hawkish Tone

By Olumide Adesina, Financial Market Writer

Friday, Aug 1, 2025

1 mins read

Bitcoin saw a significant decline in value following the Federal Reserve's release of the FOMC minutes and Fed Chair Jerome Powell's press conference

Bitcoin

1 d

JPMorgan Eyes Ripple’s XRP to Shake Up Global Payments

By Olumide Adesina, Financial Market Writer

Friday, Aug 1, 2025

1 mins read

JPMorgan content on X that specifically mentions Ripple as an effective blockchain solution

1 d

Bitcoin Consolidates Above $115K, On-Chain Metrics Signal Potential Breakout Despite 18-Day Range

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

Friday, Aug 1, 2025

3 mins read

Bitcoin Consolidates Above $115K, On-Chain Metrics Signal Potential Breakout Despite 18-Day Range

Bitcoin (BTC) is still trading above the important $115,000 support level, although it has dropped almost 2% in the last 24 hours. The lead

1 d

Daily Crypto Signals: Bitcoin Holds Range, XRP ETF Approval Odds Surge to 85%

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

Friday, Aug 1, 2025

3 mins read

Daily Crypto Signals: Bitcoin Holds Range, XRP ETF Approval Odds Surge to 85%

The cryptocurrency market experienced significant regulatory developments today as the SEC launched "Project Crypto" to modernize digital

1 d

Bitcoin Price Prediction after Mid-Week Gains

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

Thursday, Jul 31, 2025

2 mins read

2 d

Stellar (XLM) Eyes $0.52 Rally as Bullish Pennant and Data Align

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

Thursday, Jul 31, 2025

1 mins read

XLM is consolidating at $0.42 in a bullish pennant—a classic setup that often leads to price continuation.

2 d

Kraken’s Q2 Revenue Jumps 18% as Exchange Pivots Beyond Crypto Trading

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

Thursday, Jul 31, 2025

3 mins read

Kraken's Q2 Revenue Jumps 18% as Exchange Pivots Beyond Crypto Trading

Crypto platform Kraken reports $411.6 million in quarterly revenue while expanding into equities and tokenized assets ahead of 2026 IPO

2 d

White House Snubs Ripple’s XRP, Prioritizes Bitcoin, Ethereum, Solana, Chainlink

By Olumide Adesina, Financial Market Writer

Thursday, Jul 31, 2025

1 mins read

XRP was notably absent from the White House's recent digital asset report, which emphasizes major tokens and regulatory frameworks.

2 d

SEC Policy Shift May Accelerate XRP ETF Approval Before October 2025

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

Thursday, Jul 31, 2025

2 mins read

The US SEC’s recent approval of in-kind creation and redemption for crypto exchange-traded products (ETPs)

2 d

Toncoin Whales Buy 120K Tokens as Price Eyes 20% Rally Toward $4.21

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

Thursday, Jul 31, 2025

1 mins read

Toncoin (TON) rose 1% on Wednesday, following Tuesday’s 5% gain, after a short consolidation period. The rally is backed by a big...

2 d

Cathie Wood Buys 1M Shares in Bitmine as ETH Holdings Hit 625K

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

Thursday, Jul 31, 2025

2 mins read

Ark Invest has quietly bought over 1 million shares of Bitmine Technologies (NYSE: BMNR) over the past 2 days...

2 d

SUI Token Faces $166M Unlock as Price Drops Toward 50-Day EMA at $3.49

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

Thursday, Jul 31, 2025

1 mins read

SUI (SUI), a layer-1 blockchain token, is under pressure as price drops 2% midweek, its third day in a row.

2 d

Ethereum’s Institutional Surge: Staking ETF Acknowledged, But Short-Term Caution Persists

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

Thursday, Jul 31, 2025

3 mins read

Ethereum's Institutional Surge: Staking ETF Acknowledged, But Short-Term Caution Persists

Ethereum keeps showing how strong it is by staying above the important $3,800 support level while institutional adoption speeds up at an

2 d

MORE NEWS

Cryptocurrencies

Ethereum Crash below $3.5K Amid Market Blood Bath

$125 million Ripple Fine Frozen Pending SEC’s Next Move

Crypto Hacks Surge 27% in July, Reaching $142 Million as Security Threats Evolve

Crypto Market Sheds $635M in Liquidations as Altcoins Drop Up to 7%

Solana Battles Key Support at $169 Amid Institutional Push for Liquid Staking ETFs

Ethereum Shows Resilience at $3,600 Support, Quantum-Resistant “Lean Ethereum” Proposal Emerges

Ripple Whales dump, SEC silence turn XRP into a Blood Bath

Bitcoin sinks Under Federal Reserve Hawkish Tone

JPMorgan Eyes Ripple’s XRP to Shake Up Global Payments

Bitcoin Consolidates Above $115K, On-Chain Metrics Signal Potential Breakout Despite 18-Day Range

Daily Crypto Signals: Bitcoin Holds Range, XRP ETF Approval Odds Surge to 85%

Bitcoin Price Prediction after Mid-Week Gains

Stellar (XLM) Eyes $0.52 Rally as Bullish Pennant and Data Align

Kraken’s Q2 Revenue Jumps 18% as Exchange Pivots Beyond Crypto Trading

White House Snubs Ripple’s XRP, Prioritizes Bitcoin, Ethereum, Solana, Chainlink

SEC Policy Shift May Accelerate XRP ETF Approval Before October 2025

Toncoin Whales Buy 120K Tokens as Price Eyes 20% Rally Toward $4.21

Cathie Wood Buys 1M Shares in Bitmine as ETH Holdings Hit 625K

SUI Token Faces $166M Unlock as Price Drops Toward 50-Day EMA at $3.49

Ethereum’s Institutional Surge: Staking ETF Acknowledged, But Short-Term Caution Persists

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