If you are interested in trading currencies, it helps to understand what a currency quote is and how it works. A currency quote is the price of one currency in terms of another. It tells you how much ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Banks typically provide better exchange rates compared to airport kiosks or tourist areas. Understanding fees, spreads and rates helps you maximize your currency exchange value. Planning ahead ...

Forbes contributors publish independent expert analyses and insights. Catherine Brock covers personal finance and investing. Individual investors are increasingly trying their hand at foreign exchange ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

If you’re looking to exchange currency before a trip overseas you’ll want to get the most bang for your buck. And this starts with understanding how currency exchange works. Our guide summarises what ...

In reports explaining why some currencies plunged this year, analysts may have mentioned the Real Effective Exchange Rate, or REER. The REER provides a broader assessment of a currency’s value than ...

Fiat currencies are issued and regulated by a country’s central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed by ...