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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Bitcoin Still Searching for the Bottom; BTC Price Prediction

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

Wednesday, Nov 26, 2025

2 mins read

Bitcoin may move wildly this weekend as the shopping holidays hit.

Bitcoin is still in bearish territory but could get some help this week from Fed rate cut hopes and holiday shopping.

7 mins

Bonds Beat Bitcoin This Year While Traders Navigate Volatility

By Sophia Cruz, Financial Writer - Asian & European Desks

Wednesday, Nov 26, 2025

2 mins read

Here's an uncomfortable truth for crypto believers: boring government bonds have crushed Bitcoin in 2025.

26 mins

SARB Flags Crypto Risks as 7.8 Million South Africans Join Digital Markets

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

Wednesday, Nov 26, 2025

2 mins read

The South African Reserve Bank has issued a fresh warning over the country's rapid rise in cryptocurrency adoption...

6 h

Franklin Templeton Advances Solana ETF After $70M XRP Debut Gains

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

Wednesday, Nov 26, 2025

3 mins read

Franklin Templeton has made a big move towards getting its Solana exchange-traded fund off the ground by filing a Form 8...

7 h

Monad Jumps 53% After Mainnet Debut as Traders Eye Break Above $0.047

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

Wednesday, Nov 26, 2025

2 mins read

Monads mainnet activation gave the market a huge kick in the pants, and in a matter of hours token price surged over 53%.

7 h

Texas Buys $5M of IBIT as State Sets $10M Bitcoin Allocation Strategy

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

Wednesday, Nov 26, 2025

2 mins read

Texas has made an enormous leap forward in state-level digital asset adoption by spending $5 million on BlackRock's spot Bitcoin ETF...

7 h

Bitcoin Could Drop to $70K–$80K as Final Leverage Flush Looms

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

Wednesday, Nov 26, 2025

2 mins read

Bitcoin investors might be in for another round of market drama. Cryptocurrency analyst James Check cautions...

8 h

Ethereum Stabilizes Around $2,900 as Technical Indicators Signal Potential Recovery Ahead

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

Wednesday, Nov 26, 2025

3 mins read

Ethereum Stabilizes Around $2,900 as Technical Indicators Signal Potential Recovery Ahead

Ethereum (ETH) is currently trading at $2,900, which is a sign of relative stability after a rough patch when the cryptocurrency dropped

9 h

Monad (MON) Surges 52% Post-Launch: Technical Analysis Points to Continued Momentum

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

Wednesday, Nov 26, 2025

3 mins read

Monad (MON) Surges 52% Post-Launch: Technical Analysis Points to Continued Momentum

The new Monad (MON) token has gotten a lot of attention in the market after its price jumped by an incredible 52% in the first 24 hours of

10 h

Zcash Surges Past $526 as Institutional Accumulation Fuels Privacy Coin Renaissance

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

Wednesday, Nov 26, 2025

3 mins read

Zcash Surges Past $526 as Institutional Accumulation Fuels Privacy Coin Renaissance

Zcash (ZEC) is trading for more than $526 right now, which is almost 4% more than it was 24 hours ago. This steady rise comes after a huge

11 h

Bitcoin Holds Below $88K as $14B Options Expiry and Economic Headwinds Test Bull Resolve

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

Wednesday, Nov 26, 2025

4 mins read

Bitcoin Holds Below $88K as $14B Options Expiry and Economic Headwinds Test Bull Resolve

Bitcoin is trading just under $88,000, which is only a small shift from the last 24 hours. Traders are getting ready for Friday's huge $14B

12 h

Daily Crypto Signals: Bitcoin Wavers Under Pressure, Zcash Claims November’s Search Crown

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

Wednesday, Nov 26, 2025

3 mins read

Daily Crypto Signals: Bitcoin Wavers Under Pressure, Zcash Claims November's Search Crown

Bitcoin traders brace for a $14 billion options expiry on Friday that favors neutral-to-bearish positions, while weak US employment data

13 h

Bitcoin Price Prediction after Uptick to $87K

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

Tuesday, Nov 25, 2025

2 mins read

Bitcoin may have trouble at $89,000 after its long fall.

Bitcoin is stumbling at the $89K level and is down to $87,000 for Tuesday as the crypto market slowly regains some losses.

24 h

Bitcoin Bounces Back as Altcoins Stage Sharp Rally

By Sophia Cruz, Financial Writer - Asian & European Desks

Tuesday, Nov 25, 2025

2 mins read

Bitcoin climbed 1.8% Tuesday, hitting $87,250 and shaking off the doom and gloom that's been hanging over crypto since the weekend.

1 d

Binance Faces $1B Terror Financing Lawsuit Over Hamas-Linked Transactions

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

Tuesday, Nov 25, 2025

2 mins read

Binance Holdings, along with founder & former CEO Changpeng Zhao, and senior exec Guangying Chen, is currently facing a federal civil...

1 d

SEC Grants Rare No-Action Letter to Solana DePIN Token FUSE

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

Tuesday, Nov 25, 2025

2 mins read

A unique no-action letter was sent by the U.S. SEC to Fuse a decentralized physical infrastructure network (DePIN) based on the Solana...

1 d

Franklin Templeton Debuts XRP ETF (XRPZ) as Sector Sees Fresh Inflows

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

Tuesday, Nov 25, 2025

2 mins read

Franklin Templeton, an asset management company, has created an exchange-traded fund tracking the XRP coin on the NYSE Arca...

1 d

Ethereum Tests Critical $3,000 Resistance, Mixed Outlook for Near-Term Price Action

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

Tuesday, Nov 25, 2025

3 mins read

Ethereum Tests Critical $3,000 Resistance, Mixed Outlook for Near-Term Price Action

Ethereum (ETH) is currently trading at about $2,900, up over 4% in the last 24 hours. This is because it is trying to get back to the $3,000

1 d

Solana Holds Above $137 as Market Momentum Returns: Can SOL Target $160 Short-Term?

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

Tuesday, Nov 25, 2025

4 mins read

Solana Holds Above $137 as Market Momentum Returns: Can SOL Target $160 Short-Term?

As of this writing, Solana (SOL) is trading for more over $137, which is a 3.2% increase in the last 24 hours. This is happening because the

1 d

XRP Surges 7.5% as Franklin Templeton and Grayscale ETFs Drive Institutional Momentum

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

Tuesday, Nov 25, 2025

3 mins read

XRP Surges 7.5% as Franklin Templeton and Grayscale ETFs Drive Institutional Momentum

XRP has gone up a lot in the last 24 hours, rising over 7.5% to trade at more than $2.23 as of this writing. The increase comes at a turning

1 d

MORE NEWS

Cryptocurrencies

Bitcoin Still Searching for the Bottom; BTC Price Prediction

Bonds Beat Bitcoin This Year While Traders Navigate Volatility

SARB Flags Crypto Risks as 7.8 Million South Africans Join Digital Markets

Franklin Templeton Advances Solana ETF After $70M XRP Debut Gains

Monad Jumps 53% After Mainnet Debut as Traders Eye Break Above $0.047

Texas Buys $5M of IBIT as State Sets $10M Bitcoin Allocation Strategy

Bitcoin Could Drop to $70K–$80K as Final Leverage Flush Looms

Ethereum Stabilizes Around $2,900 as Technical Indicators Signal Potential Recovery Ahead

Monad (MON) Surges 52% Post-Launch: Technical Analysis Points to Continued Momentum

Zcash Surges Past $526 as Institutional Accumulation Fuels Privacy Coin Renaissance

Bitcoin Holds Below $88K as $14B Options Expiry and Economic Headwinds Test Bull Resolve

Daily Crypto Signals: Bitcoin Wavers Under Pressure, Zcash Claims November’s Search Crown

Bitcoin Price Prediction after Uptick to $87K

Bitcoin Bounces Back as Altcoins Stage Sharp Rally

Binance Faces $1B Terror Financing Lawsuit Over Hamas-Linked Transactions

SEC Grants Rare No-Action Letter to Solana DePIN Token FUSE

Franklin Templeton Debuts XRP ETF (XRPZ) as Sector Sees Fresh Inflows

Ethereum Tests Critical $3,000 Resistance, Mixed Outlook for Near-Term Price Action

Solana Holds Above $137 as Market Momentum Returns: Can SOL Target $160 Short-Term?

XRP Surges 7.5% as Franklin Templeton and Grayscale ETFs Drive Institutional Momentum

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