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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XRPXRP Forecast: Bulls Target $1.80 as Ripple CEO Joins “Olympics Crypto Roster” at CFTC

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

Monday, Feb 16, 2026

3 mins read

Despite a 5% pull back to $1.48 in the last 24 hours , the digital asset has shown up remarkably well, successfully defending...

10 h

Michael Saylor’s $8,000 Stress Test: Why Strategy Isn’t Selling Bitcoin

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

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2 mins read

In a bold display of corporate conviction, Michael Saylor has reaffirmed that Strategy (NASDAQ: MSTR), the world’s first Bitcoin development

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American Bitcoin Vaults Past 6,000 BTC as ABTC Shares Rally on Treasury Expansion

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

Monday, Feb 16, 2026

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In a major shake-up in corporate digital reserves , American Bitcoin Corp. (ABTC) has officially crossed the 6,000 BTC milestone.

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3 mins read

The Russian Federation is now looking to move away from its ban on digital assets and towards a more solid, governed cryptocurrency market.

12 h

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Monday, Feb 16, 2026

1 mins read

Goldman Sachs revealed substantial exposure to cryptocurrency, disclosing holdings of over $2.36 billion in digital assets in its Q4 2025 13F filing.

Ripple

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2 d

Bullish Signal? Goldman Sachs Confirms $153 Million Bet on Ripple’s XRP

By Olumide Adesina, Financial Market Writer

Saturday, Feb 14, 2026

1 mins read

Goldman Sachs revealed substantial exposure to cryptocurrency, disclosing holdings of over $2.36 billion in digital assets in its Q4 2025 13F filing

3 d

Bitcoin Price Prediction as Bears Hold on at $67K

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

Friday, Feb 13, 2026

2 mins read

Bitcoin may be nearing the bottom as it slips to $67K.

The price of Bitcoin is still falling with more than 1% lost on Friday as the bears continue to dominate.

3 d

XRP Price Forecast: Bulls Eye $1.31 Support Stability as “North Star” Utility Expands

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

Friday, Feb 13, 2026

2 mins read

As of February 13, 2026, XRP is trading around $1.3670 during a volatile period. Although the price has dropped from its late-2025 highs...

4 d

Binance Completes $1 Billion SAFU Overhaul: Bitcoin Now the Anchor of User Protection

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

Friday, Feb 13, 2026

2 mins read

Binance has finished converting its Secure Asset Fund for Users (SAFU) into a reserve held entirely in Bitcoin. The last purchase...

4 d

Russia Approves National Tokenization Framework: A New Era for Real-World Assets (RWA)

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

Friday, Feb 13, 2026

2 mins read

The Russian government has officially approved a new national plan to tokenize Real-World Assets (RWA), marking a significant...

4 d

MORE NEWS

Cryptocurrencies

XRPXRP Forecast: Bulls Target $1.80 as Ripple CEO Joins “Olympics Crypto Roster” at CFTC

Michael Saylor’s $8,000 Stress Test: Why Strategy Isn’t Selling Bitcoin

American Bitcoin Vaults Past 6,000 BTC as ABTC Shares Rally on Treasury Expansion

Russia’s Crypto “Gray Zone” to End: 50 Billion Ruble Daily Volume Triggers Spring Legislation

Goldman Sachs Drops $153M on XRP: Wall Street’s Big Bet on Ripple

Bitcoin Price Forecast: Can BTC Survive the $60,000 Test Amid “Orderly Deleveraging”?

Ethereum Slides Below $2,000 as “Final Capitulation” Fears Mount: Will ETH Bottom at $1,400?

XRP Sees 38% Post-Crash Rally, Can Dip Buyers and a Bold $9 Price Target Reignite the Momentum?

Coinbase (COIN) Stock Surges 16% as Cathie Wood’s ARK Returns to Buying Post-Earnings

Bitcoin Clings to $68K as Strategy Eyes 99th BTC Buy, On-Chain Indicators Point to $45K Floor

Daily Crypto Signals: Strategy Doubles Down on Bitcoin, WLFI Data Hints at Predicting Crypto Crashes

Bitcoin Market Forecast: Is the Institutional Floor Collapsing at $67,000?

XRP Price Forecast: Bulls Eye $1.80 as XRPL Tokenization Crosses $2B Milestone

CLARITY Act Standoff: Digital Chamber Fires Back at Banks Over Stablecoin Yields

Ethereum Breaks Back Above $2,000 – Whale Indecision Clouds the Rally

Bullish Signal? Goldman Sachs Confirms $153 Million Bet on Ripple’s XRP

Bitcoin Price Prediction as Bears Hold on at $67K

XRP Price Forecast: Bulls Eye $1.31 Support Stability as “North Star” Utility Expands

Binance Completes $1 Billion SAFU Overhaul: Bitcoin Now the Anchor of User Protection

Russia Approves National Tokenization Framework: A New Era for Real-World Assets (RWA)

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