 Exchange Rates |
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| What is Exchange Rate: |
| The price of one country's currency expressed in terms of another country's currency. For example, on April 16, 2002, 3.8 Malaysian ringgits were equal to one US dollar. In the agricultural exchange rate data set, all exchange rates are given as foreign currency to the US dollar. Nominal exchange rates are the current value of the foreign currency in terms of US dollars. Real exchange rates are the nominal exchange rates adjusted for relative rates of inflation fixed to a given base year. |
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| ERC (Exachange Rate Calculator) is a multi-lingual Currency Converter with up to date exchange rates provided from leading market data contributors and is filtered for validity. To get the exchange rates for any of the selected currencies, select the desired currencies from the lists below, as well as the date, language, and amount for which you would like to conduct the currency conversion. Click on "Convert Now" to get the results of your currency conversion. |
| Detailed instructions to use this tool: |
- Choose the exchange unit you want to Currency From in the left scrolling list. Click the scrolling arrows to see more selections.
- Choose the exchange unit you want to Currency To in the right scrolling list. Click the scrolling arrows to see more selections.
- If you want to change the amount of the exchange unit To convert From, click the text box next to "Convert Amount" and type the amount of the currency you want to convert. The default is "1."
- Click the "Convert Currency" button.
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| Quick Lookout : |
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| ERC (Exachange Rate Calculator) : |
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