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 Faces Critical $2 Support Test, Bearish Derivatives Signal Potential Reversal Despite Canadian Fintech Optimism

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

Friday, Dec 12, 2025

4 mins read

XRP Faces Critical $2 Support Test, Bearish Derivatives Signal Potential Reversal Despite Canadian Fintech Optimism

XRP is currently trading around $2.00, which is down about 1.5% in the last 24 hours. Traders are dealing with very low financing rates and

2 h

Solana Surges 5% as JPMorgan’s Blockchain Integration Validates Layer-1 Credentials

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

Friday, Dec 12, 2025

2 mins read

Solana Surges 5% as JPMorgan's Blockchain Integration Validates Layer-1 Credentials

Solana (SOL) is now worth $136, up 5% in the last 24 hours as more and more institutions start to use it. The rise came after important news

3 h

Ethereum Holds Above $3,200 as ETF Inflows Resume: Can Bulls Defend Critical Support?

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

Friday, Dec 12, 2025

3 mins read

Ethereum Holds Above $3,200 as ETF Inflows Resume: Can Bulls Defend Critical Support?

Ethereum is trading above $3,200 as of December 12, 2025. This follows a week of ups and downs, with critical resistance levels being broken

4 h

Bitcoin Consolidates Above $92,000 While Stablecoin Inflows Drop 50% Since August

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

Friday, Dec 12, 2025

3 mins read

Bitcoin Consolidates Above $92,000 While Stablecoin Inflows Drop 50% Since August

Bitcoin is still over $92,000, up 1.3% in the last 24 hours, but the fact that the market can't break through the $94,000 resistance level

5 h

Daily Crypto Signals: Ethereum ETF Inflows Signal Potential Rally, XRP Faces Deepening Bearish Pressure

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

Friday, Dec 12, 2025

4 mins read

Daily Crypto Signals: Ethereum ETF Inflows Signal Potential Rally, XRP Faces Deepening Bearish Pressure

Ethereum is showing early signs of institutional demand recovery with spot ETF inflows rising 28% since late November, while XRP continues

6 h

Bitcoin Price Prediction after Fed Rate Cut

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

Thursday, Dec 11, 2025

2 mins read

Bitcoin is down after the newest Fed rate cut.

Cryptocurrency prices are down and Bitcoin is slipping after the newest Federal Reserve rate cut impacts the market.

16 h

State Street, Galaxy Join $200M Push to Build 24/7 Tokenized Cash System

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

Thursday, Dec 11, 2025

2 mins read

State Street Investment Management and Galaxy Asset Management are partnering with Ondo Finance to launch a tokenized liquidity...

20 h

5th XRP ETF Set to Launch After Cboe Nod, Poised for Nearly $1B Inflows

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

Thursday, Dec 11, 2025

2 mins read

The Cboe exchange has just given the green light to 21Shares' latest XRP exchange-traded fund (ETF) - marking the fifth U.S. spot XRP...

20 h

21Shares XRP ETF Gains Cboe Approval After $226M Seed and Awaits Trading

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

Thursday, Dec 11, 2025

2 mins read

The 21Shares XRP ETF has taken a major step closer to trading after the Cboe BZX Exchange approved its listing.

23 h

Ripple Strikes Back – XRP Emerges as the Ultimate Swift Slayer in Borderless Banking

By Olumide Adesina, Financial Market Writer

Thursday, Dec 11, 2025

1 mins read

XRP and Ripple are emerging giants in the global payment infrastructure, according to DAS Research.

23 h

Solana Faces Critical Test at $129 as $28M Whale Buy Clashes With Liquidity Crisis

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

Thursday, Dec 11, 2025

3 mins read

Solana Faces Critical Test at $129 as $28M Whale Buy Clashes With Liquidity Crisis

The price of Solana (SOL) is $129, which is down more than 7% in the last 24 hours. This is because the cryptocurrency is stuck between two

1 d

XRP Holds at $1.99 Amid Bearish Pressure, But Bulls May Be Preparing a Major Reversal

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

Thursday, Dec 11, 2025

3 mins read

XRP Holds at $1.99 Amid Bearish Pressure, But Bulls May Be Preparing a Major Reversal

XRP (XRP) is currently trading at $1.99, which is over 4% less than it was 24 hours ago. The cryptocurrency is still having a hard time with

1 d

Ethereum’s Valuation Defended as ‘Smart Money’ Whale Scales $280M Long

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

Thursday, Dec 11, 2025

3 mins read

Ethereum's Valuation Defended as 'Smart Money' Whale Scales $280M Long

Ethereum (ETH) is currently trading at $3,200, down 2.7% in the last 24 hours, going through a very critical technical juncture. Even if the

1 d

Bitcoin Struggles Below $100K as Fed’s Hawkish Rate Cut and Fragile Market Structure Signal Extended Consolidation

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

Thursday, Dec 11, 2025

3 mins read

Bitcoin Struggles Below $100K as Fed's Hawkish Rate Cut and Fragile Market Structure Signal Extended Consolidation

Bitcoin is still trading around $91,000, but it has dropped about 1% in the last 24 hours. Analysts say the cryptocurrency is stuck in a

1 d

Daily Crypto Signals: Bitcoin Hovers Near $91K, Ethereum Tests $3,350 Resistance Amid Fed Rate Decision

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

Thursday, Dec 11, 2025

3 mins read

Daily Crypto Signals: Bitcoin Hovers Near $91K, Ethereum Tests $3,350 Resistance Amid Fed Rate Decision

As Bitcoin derivatives markets show skepticism toward a sustained move above $100,000, Ethereum displays cautious rally momentum with muted

1 d

Bitcoin Holds $92K as Traders Await Fed Rate Decision Amid Volatility Warnings

By Sophia Cruz, Financial Writer - Asian & European Desks

Wednesday, Dec 10, 2025

2 mins read

Bitcoin's sitting at $92,300 going into Wednesday's Fed meeting. Everyone expects a 25 basis point rate cut.

2 d

Crypto Market Hits $3.2T Ahead of Fed Decision, Bitcoin Near $92K

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

Wednesday, Dec 10, 2025

2 mins read

Things are looking more hopeful in the global cryptocurrency markets as we approach the Federal Reserve's December 2025 interest rate...

2 d

Aave Plans $250M MegaETH V3 Launch to Capture Early Liquidity Demand

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

Wednesday, Dec 10, 2025

2 mins read

Aave Labs proposes governance to put Aave V3 on MegaETH from launch, aiming to get in early on liquidity and borrowing demand.

2 d

Bitcoin Price Prediction: PNC, CFTC, and NYSE Catalysts Ignite Bullish Momentum Toward $100K

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

Wednesday, Dec 10, 2025

3 mins read

Bitcoin’s institutional momentum accelerated this week as PNC Bank became the first major U.S. bank to offer direct BTC trading...

2 d

Stripe’s Tempo Blockchain Launches Public Testnet With Major Global Partners

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

Wednesday, Dec 10, 2025

2 mins read

The public testnet of Tempo a new blockchain developed by Stripe and cryptocurrency investment firm Paradigm has been released...

2 d

MORE NEWS

Cryptocurrencies

XRP Faces Critical $2 Support Test, Bearish Derivatives Signal Potential Reversal Despite Canadian Fintech Optimism

Solana Surges 5% as JPMorgan’s Blockchain Integration Validates Layer-1 Credentials

Ethereum Holds Above $3,200 as ETF Inflows Resume: Can Bulls Defend Critical Support?

Bitcoin Consolidates Above $92,000 While Stablecoin Inflows Drop 50% Since August

Daily Crypto Signals: Ethereum ETF Inflows Signal Potential Rally, XRP Faces Deepening Bearish Pressure

Bitcoin Price Prediction after Fed Rate Cut

State Street, Galaxy Join $200M Push to Build 24/7 Tokenized Cash System

5th XRP ETF Set to Launch After Cboe Nod, Poised for Nearly $1B Inflows

21Shares XRP ETF Gains Cboe Approval After $226M Seed and Awaits Trading

Ripple Strikes Back – XRP Emerges as the Ultimate Swift Slayer in Borderless Banking

Solana Faces Critical Test at $129 as $28M Whale Buy Clashes With Liquidity Crisis

XRP Holds at $1.99 Amid Bearish Pressure, But Bulls May Be Preparing a Major Reversal

Ethereum’s Valuation Defended as ‘Smart Money’ Whale Scales $280M Long

Bitcoin Struggles Below $100K as Fed’s Hawkish Rate Cut and Fragile Market Structure Signal Extended Consolidation

Daily Crypto Signals: Bitcoin Hovers Near $91K, Ethereum Tests $3,350 Resistance Amid Fed Rate Decision

Bitcoin Holds $92K as Traders Await Fed Rate Decision Amid Volatility Warnings

Crypto Market Hits $3.2T Ahead of Fed Decision, Bitcoin Near $92K

Aave Plans $250M MegaETH V3 Launch to Capture Early Liquidity Demand

Bitcoin Price Prediction: PNC, CFTC, and NYSE Catalysts Ignite Bullish Momentum Toward $100K

Stripe’s Tempo Blockchain Launches Public Testnet With Major Global Partners

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