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How are currencies conversions calculated?
In order to get the value of a currency, it must be compared to the value of another currency. However, it is important to remember that foreign currency rates are constantly changing. Many factors including market events, monetary policy, macroeconomic data, as well as supply and demand, can cause currencies to fluctuate. This makes it hard to predict the most financially beneficial moment for conversion. For this reason, it is worth following the changes in the currency market. Use our universal money converter tool to find out the current rate for your transactions.