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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Bitcoin Slides Below $70,000 as China Restricts US Treasury Holdings

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

Monday, Feb 9, 2026

2 mins read

On Monday, February 9, 2026, Bitcoin prices fell after China told its banks to cut back on US Treasury holdings. This move...

3 h

XRP Defends $1.41 Support: Will the “Era of Capital Markets” Spark a Reversal?

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

Monday, Feb 9, 2026

2 mins read

On February 9, 2026, XRP is trading between $1.42 and $1.45. After a volatile start to the year and a drop from January highs, traders...

6 h

Ripple: XRP Record Oversold Signals Clash with $1.4 Resistance – Bounce or Bust?

By Olumide Adesina, Financial Market Writer

Monday, Feb 9, 2026

1 mins read

Smart Money Eyes XRP Rebound Near Major Support

Rock-Bottom XRP: Record Oversold Signals Clash with $1.4 Resistance – Bounce or Bust?

Ripple

8 h

XRP Battles Mixed Signals at $1.45: Oversold Indicators Clash With Bearish Derivatives Data

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

Monday, Feb 9, 2026

2 mins read

XRP Battles Mixed Signals at $1.45: Oversold Indicators Clash With Bearish Derivatives Data

XRP is trading at about $1.45, representing a slight 2.4% rise over the previous day as the coin looks to level off after weeks of declining

12 h

Ethereum Hovers at $2,000 as Funding Rates Flip Bullish, But History Warns of Volatility Ahead

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

Monday, Feb 9, 2026

3 mins read

Ethereum Hovers at $2,000 as Funding Rates Flip Bullish, But History Warns of Volatility Ahead

After plunging 14% from about $2,500 over the previous week, Ethereum (ETH) is currently trading close to the psychologically significant

12 h

Bitcoin Reclaims $70,000 as Institutional “Dip-Buying” Clashes With Bear Market Fears

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

Monday, Feb 9, 2026

2 mins read

Bitcoin Reclaims $70,000 as Institutional

Bitcoin (BTC) is trading around $70,000, posting a modest 1.3% gain over the past 24 hours as the cryptocurrency navigates a turbulent

14 h

Daily Crypto Signals: Bitcoin Mining Difficulty Plunges 11%, Ethereum Derivatives Signal Bullish Shift

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

Monday, Feb 9, 2026

3 mins read

Daily Crypto Signals: Bitcoin Mining Difficulty Plunges 11%, Ethereum Derivatives Signal Bullish Shift

Crypto markets showed signs of stabilization over the weekend as Bitcoin rebounded 20% from 15-month lows near $71,000, while Ethereum

15 h

China Expands Crypto Crackdown: Offshore Yuan Stablecoins and Tokenized Assets Banned

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

Sunday, Feb 8, 2026

2 mins read

Chinese regulators have banned the unauthorized creation of yuan-pegged stablecoins and tokenized real-world assets to strengthen...

1 d

From Panic to Power Bounce: Equities Surge, Bitcoin Reclaims $70K After $1B Washout

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

Sunday, Feb 8, 2026

2 mins read

On February 6, 2026, global financial markets bounced back after a tough three-day sell-off hit key support levels. As stocks...

1 d

XRP Price Analysis: Stabilizing Near $1.43 After 25% Correction — Is the Bottom In?

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

Sunday, Feb 8, 2026

2 mins read

Ripple (XRP) is stabilizing after dropping from its mid-January high near $1.94. Following a technical breakdown to a low of $1.21...

1 d

Bitcoin Sentiment Hits “Extreme Fear” as Prices Revisit $60,000 Support

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

Sunday, Feb 8, 2026

2 mins read

Investor anxiety is rising in the cryptocurrency market. In the past week, the Crypto Fear & Greed Index dropped...

1 d

Bukele Hits 91.9% Approval: Security Triumphs Over Bitcoin Skepticism in El Salvador

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

Sunday, Feb 8, 2026

2 mins read

President Nayib Bukele now has a 91.9% approval rating, according to a recent nationwide survey by La Prensa Gráfica...

1 d

Bithumb Under Fire: $44 Billion Bitcoin “Gifting” Error Triggers Regulatory Blitz

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

Sunday, Feb 8, 2026

2 mins read

In what is being described as the largest operational blunder in South Korean crypto history, Bithumb is facing a multi-agency...

1 d

XRP at Rock-Bottom Oversold: Ripple Struggling Above $1.4 Signals Exhaustion or Further Pain?

By Olumide Adesina, Financial Market Writer

Sunday, Feb 8, 2026

1 mins read

The Ripple-based token is struggling above $1.4 in the crypto market.

Ripple

1 d

Strategy Stock Surges 33% as Bitcoin Flips Green in Dramatic Rebound

By Olumide Adesina, Financial Market Writer

Friday, Feb 6, 2026

1 mins read

Strategy experienced a significant rally, reaching +33 percent.

3 d

Metaplanet Defies Slump as Tokyo’s ‘Bitcoin King’ Doubles Down Amid $12.4B Rout!

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

Friday, Feb 6, 2026

2 mins read

Even after a steep 47% drop from its October highs, Metaplanet—often called the "MicroStrategy of Japan"—says...

3 d

New BTC Price Prediction after Bitcoin Loses 20%

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

Friday, Feb 6, 2026

2 mins read

Bitcoin fell sharply by 20% today and may not be done slipping downward.

Bitcoin is bearish still, even after a quick rebound from the $60K line the previous day, and investor confidence is waning.

3 d

BlackRock Bitcoin ETF Hits $10B Volume Record as Market Freefalls

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

Friday, Feb 6, 2026

2 mins read

On February 5, 2026, the cryptocurrency market saw a rare split between trading activity and value. Bitcoin (BTC) dropped...

3 d

Gemini Announces Strategic Exit from UK, EU, and Australian Markets: What You Need to Know

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

Friday, Feb 6, 2026

2 mins read

Gemini, the cryptocurrency exchange led by the Winklevoss twins, will stop operating in the UK, EU (EEA), and Australia.

3 d

Crypto Market Falls $120B as U.S. Issues Urgent Iran Exit Warning

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

Friday, Feb 6, 2026

2 mins read

The cryptocurrency market is falling as tensions rise between the U.S. and Iran. After the U.S. State Department urgently told citizens...

3 d

MORE NEWS

Cryptocurrencies

Bitcoin Slides Below $70,000 as China Restricts US Treasury Holdings

XRP Defends $1.41 Support: Will the “Era of Capital Markets” Spark a Reversal?

Ripple: XRP Record Oversold Signals Clash with $1.4 Resistance – Bounce or Bust?

XRP Battles Mixed Signals at $1.45: Oversold Indicators Clash With Bearish Derivatives Data

Ethereum Hovers at $2,000 as Funding Rates Flip Bullish, But History Warns of Volatility Ahead

Bitcoin Reclaims $70,000 as Institutional “Dip-Buying” Clashes With Bear Market Fears

Daily Crypto Signals: Bitcoin Mining Difficulty Plunges 11%, Ethereum Derivatives Signal Bullish Shift

China Expands Crypto Crackdown: Offshore Yuan Stablecoins and Tokenized Assets Banned

From Panic to Power Bounce: Equities Surge, Bitcoin Reclaims $70K After $1B Washout

XRP Price Analysis: Stabilizing Near $1.43 After 25% Correction — Is the Bottom In?

Bitcoin Sentiment Hits “Extreme Fear” as Prices Revisit $60,000 Support

Bukele Hits 91.9% Approval: Security Triumphs Over Bitcoin Skepticism in El Salvador

Bithumb Under Fire: $44 Billion Bitcoin “Gifting” Error Triggers Regulatory Blitz

XRP at Rock-Bottom Oversold: Ripple Struggling Above $1.4 Signals Exhaustion or Further Pain?

Strategy Stock Surges 33% as Bitcoin Flips Green in Dramatic Rebound

Metaplanet Defies Slump as Tokyo’s ‘Bitcoin King’ Doubles Down Amid $12.4B Rout!

New BTC Price Prediction after Bitcoin Loses 20%

BlackRock Bitcoin ETF Hits $10B Volume Record as Market Freefalls

Gemini Announces Strategic Exit from UK, EU, and Australian Markets: What You Need to Know

Crypto Market Falls $120B as U.S. Issues Urgent Iran Exit Warning

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