International Currency Converter

  

Categories: Forex

Google has one that's pretty good. So just Google "currency converter"...then type in the number of euros you want to convert into dollars, and it'll tell you how many the conversion will produce.

Banks all around the world perform this function for investors and companies. Amex does it handsomely with their various cards, giving customers the most favored rates.

Related or Semi-related Video

Finance: How do foreign parties affect t...0 Views

00:00

Finance allah shmoop How do foreign parties affect transaction costs

00:08

They make them higher Yeah buying a basket of cheese

00:11

from the local safeway or alberts in store in paying

00:13

for us dollars is way easier and cheaper Transactional ethan

00:18

buying a similar basket of cheese from france and paying

00:21

for it in euros and france So other than in

00:24

world war two a big one is generally perceived as

00:28

being reliable stable So in the case of cheese dealing

00:32

with frances easy relatively easy anyway But what happens when

00:36

you want a similar cheese basket from the somalian warlord

00:40

christmas collection gift basket of cheese for the holidays Huge

00:44

risk not just in currency but in shipping in a

00:47

well in your life And trust of course like which

00:50

warlord will be on top that week If you pay

00:53

the money up front like they demand will the cheese

00:55

ever show up And if it does you know Will

00:58

there be a bomb in it Or another warlords head

01:01

Or maybe there's some other body part on anyway So

01:04

dealing across or outside of u S borders carries more

01:07

risk When you transact and surprise surprise it carries more

01:10

reward as well If you're an investor think about buying

01:13

u S treasury bonds the safest most norman of investment

01:16

you could make They pay like in two or three

01:18

percent return for a five year bond And well if

01:21

you make the same investment in bonds backed by the

01:23

french government these days well they pay about four and

01:25

a half percent Why well more inflation in france More

01:28

risk One of my bonds backed by the sum holien

01:30

government Yeah like there You've got to get one hundred

01:33

ninety seven percent interest rate and good luck collecting Should

01:37

those bonds ever default Note that there's a lot more

01:40

risk being a u S citizen investing in bonds overseas

01:44

versus a local buying locally that is many countries give

01:47

priority to their own citizens in collecting on government debt

01:51

You know debts owed by their own country versus them

01:54

damn foreigners throwing their capital in the mix The u

01:57

S is distinctively egalitarian in this way going out of

02:01

its way to treat all investors all around the world

02:04

equally the same way they would treat their own citizens

02:08

are u S citizens investing in u S Securities and

02:11

as a result of being extremely fair in equal ish

02:15

we've attracted mounds and mounds of capital from all over

02:19

the world They trust us Yeah it's where so much 00:02:22.41 --> [endTime] We print it right onto our currency Nothing

Up Next

Finance: How does foreign exchange work?
11 Views

How does foreign exchange work? As the largest market in the world, foreign exchange is a 24/7 affair. It is the buying and selling of one nationâ€...

Find other enlightening terms in Shmoop Finance Genius Bar(f)