Q:

How often do currency exchange rates change?

A:

Quick Answer

The value of currencies fluctuates throughout the course of a trading day. Therefore, the currency exchange rate changes on a daily basis. A currency’s exchange rate compares its value against another currency.

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Full Answer

Foreign currencies trade around the clock and values move up and down in quick succession. The majority of foreign countries use the U.S. Dollar as the base rate to determine their current exchange rates. Active traders of foreign currencies use Forex websites to execute each of their trades. Currency traders look to financial publications, such as CNN Money and Bloomberg, to find the current exchange rates of major currencies.

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