Live Rate Currency Converter

The Rate can Only be Guaranteed at the Time of Transaction.

WARNING: Inventory is constantly changing.

Buy vs. Sell

Each currency comes with two currency exchange rates, either Currency Mart buys from customers or Currency Mart sells to customers. Click two blue buttons, "Currency Mart Buys In" or "Currency Mart Sells Out", to switch buy in or sell out rates.

Rate vs. Inversed Rate

Each currency exchange rate comes with two expressions, either $1 foreign currency = $$$ local currency or $1 local currency = $$$ foreign currency. These two expressions descripe the same rate in two ways, but the effect rate remains the same. How to convert these two expressions to each other? 1 / rate in one expression = rate in another expression.

Cash Rate vs. Noncash Rate

Noncash applies to US currency only and means we pay out or receive payment via financial instruments, such as cheque, bank draft or balance transfer, anyway other than cash.

Preorder Option

Preorder option only apply to when customers purchase foreign currency from Currency Mart, not sell foreign currency to Currency Mart. Preorder option is available for two branches in Manitoba only.

Foreign Currency Retail Market

The currencies for international travel and cross-border payments are mainly purchased from banks, foreign exchange brokers and various exchange offices. These retail outlets obtain money from the interbank market, and the Bank ’s daily value is 5.3 trillion US dollars. The purchase is made at the spot contract exchange rate. Retail customers will charge them fees through commissions or other means to make up for the provider's fees and generate profits. One way to charge is to use an exchange rate that is less favorable than the wholesale spot exchange rate. The difference between the retail sale price and the sale price.

Exchange Rate Regime

Each country determines the exchange rate regime that will apply to its currency. For example, the currency may be free-floating, pegged (fixed), or a hybrid. If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by the market forces of supply and demand. exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, mainly by banks, around the world. A movable or adjustable peg system is a system of fixed exchange rates, but with a provision for the revaluation (usually devaluation) of a currency. For example, between 1994 and 2005, the Chinese yuan renminbi (RMB) was pegged to the United States dollar at RMB 8.2768 to $1. China was not the only country to do this; from the end of World War II until 1967, Western European countries all maintained fixed exchange rates with the US dollar based on the Bretton Woods system. But that system had to be abandoned in favor of floating, market-based regimes due to market pressures and speculation, according to President Richard M. Nixon in a speech on August 15, 1971, in what is known as the Nixon Shock. Still, some governments strive to keep their currency within a narrow range. As a result, currencies become over-valued or under-valued, leading to excessive trade deficits or surpluses.

Foreign Exchange Market size and Liquidity

The foreign exchange market is the most liquid financial market in the world. Traders include governments and central banks, commercial banks, other institutional investors and financial institutions, currency speculators, other commercial corporations, and individuals. According to the 2019 Triennial Central Bank Survey, coordinated by the Bank for International Settlements, average daily turnover was $6.6 trillion in April 2019 (compared to $1.9 trillion in 2004). Of this $6.6 trillion, $2 trillion was spot transactions and $4.6 trillion was traded in outright forwards, swaps, and other derivatives. Foreign exchange is traded in an over-the-counter market where brokers/dealers negotiate directly with one another, so there is no central exchange or clearing house. The biggest geographic trading center is the United Kingdom, primarily London. In April 2019, trading in the United Kingdom accounted for 43.1% of the total, making it by far the most important center for foreign exchange trading in the world. Owing to London's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the International Monetary Fund calculates the value of its special drawing rights every day, they use the London market prices at noon that day. Trading in the United States accounted for 16.5%, Singapore and Hong Kong account for 7.6% and Japan accounted for 4.5%. Turnover of exchange-traded foreign exchange futures and options was growing rapidly in 2004-2013, reaching $145 billion in April 2013 (double the turnover recorded in April 2007). As of April 2019, exchange-traded currency derivatives represent 2% of OTC foreign exchange turnover. Foreign exchange futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are traded more than to most other futures contracts. Most developed countries permit the trading of derivative products (such as futures and options on futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Some governments of emerging markets do not allow foreign exchange derivative products on their exchanges because they have capital controls. The use of derivatives is growing in many emerging economies. Countries such as South Korea, South Africa, and India have established currency futures exchanges, despite having some capital controls. Foreign exchange trading increased by 20% between April 2007 and April 2010 and has more than doubled since 2004. The increase in turnover is due to a number of factors: the growing importance of foreign exchange as an asset class, the increased trading activity of high-frequency traders, and the emergence of retail investors as an important market segment. The growth of electronic execution and the diverse selection of execution venues has lowered transaction costs, increased market liquidity, and attracted greater participation from many customer types. In particular, electronic trading via online portals has made it easier for retail traders to trade in the foreign exchange market. By 2010, retail trading was estimated to account for up to 10% of spot turnover, or $150 billion per day (see below: Retail foreign exchange traders).

# Flag Code Name Reference Rate
1 AED U.A.E. Dirham
2 AFN Afghan Afghani
3 ALL Albanian Lek
4 AMD Armenian Dram
5 ANG Netherlands Antillean Guilder
6 AOA Angolan Kwanza
7 ARS Argentina Peso
8 AUD Australian Dollar
9 AWG Aruban Florin
10 AZN Azerbaijani Manat
11 BAM Bosnia-Herzegovina Convertible Mark
12 BBD Barbados Dollar
13 BDT Bangladeshi Taka
14 BGN Bulgaria Lev
15 BHD Bahraini Dinar
16 BIF Burundian Franc
17 BMD Bermuda Dollars
18 BND Brunei Dollar
19 BOB Bolivian Boliviano
20 BRL Brazilian Real
21 BSD Bahamian Dollar
22 BTC Bitcoin
23 BTN Bhutanese Ngultrum
24 BWP Botswanan Pula
25 BYR Belarusian Ruble
26 BZD Belize Dollar
27 CAD Canadian Dollar
28 CDF Congolese Franc
29 CHF Swiss Franc
30 CLF Chilean Unit of Account (UF)
31 CLP Chilean Peso
32 CNY Chinese Yuan
33 COP Colombian Peso
34 CRC Costa Rican Colon
35 CUC Cuban Convertible Peso
36 CUP Cuban Peso
37 CVE Cape Verdean Escudo
38 CZK Czech Koruna
39 DJF Djiboutian Franc
40 DKK Danish Kroners
41 DOP Dominican R. Peso
42 DZD Algerian Dinar
43 EGP Egyptian Pound
44 ERN Eritrean Nakfa
45 ETB Ethiopian Birr
46 EUR Euro Dollar
47 FJD Fiji Dollar
48 FKP Falkland Islands Pound
49 GBP Great British Pound
50 GEL Georgian Lari
51 GGP Guernsey Pound
52 GHS Ghanaian Cedi
53 GIP Gibraltar Pound
54 GMD Gambian Dalasi
55 GNF Guinean Franc
56 GTQ Guatemalan Quetzal
57 GYD Guyanaese Dollar
58 HKD Hong Kong Dollar
59 HNL Honduran Lempira
60 HRK Croatia Kuna
61 HTG Haitian Gourde
62 HUF Hungarian Forint
63 IDR Indonesian Rupiah
64 ILS Israeli New Shekel
65 IMP Manx pound
66 INR Indian Rupee
67 IQD Iraqi Dinar
68 IRR Iranian Rial
69 ISK Iceland Krona
70 JEP Jersey Pound
71 JMD Jamaican Dollars
72 JOD Jordanian Dinar
73 JPY Japanese Yen
74 KES Kenyan Shillings
75 KGS Kyrgystani Som
76 KHR Cambodian Riel
77 KMF Comorian Franc
78 KPW North Korean Won
79 KRW South Korean Won
80 KWD Kuwaiti Dinar
81 KYD Cayman Dollar
82 KZT Kazakhstani Tenge
83 LAK Laotian Kip
84 LBP Lebanese Pound
85 LKR Sri Lankan Rupee
86 LRD Liberian Dollar
87 LSL Lesotho Loti
88 LTL Lithuanian Litas
89 LVL Latvian Lats
90 LYD Libyan Dinar
91 MAD Moroccan Dirham
92 MDL Moldovan Leu
93 MGA Malagasy Ariary
94 MKD Macedonian Denar
95 MMK Myanma Kyat
96 MNT Mongolian Tugrik
97 MOP Macanese Pataca
98 MRO Mauritanian Ouguiya
99 MUR Mauritian Rupee
100 MVR Maldivian Rufiyaa
101 MWK Malawian Kwacha
102 MXN Mexican Peso
103 MYR Malaysian Ringgit
104 MZN Mozambican Metical
105 NAD Namibian Dollar
106 NGN Nigerian Naira
107 NIO Nicaraguan Cordoba
108 NOK Norwegian Kroners
109 NPR Nepalese Rupee
110 NZD New Zealand Dollar
111 OMR Omani Rial
112 PAB Panamanian Balboa
113 PEN Peruvian Nuevo Sol
114 PGK Papua New Guinean Kina
115 PHP Philippine Pesos
116 PKR Pakistan Rupees
117 PLN Polish Zloty
118 PYG Paraguay Guarani
119 QAR Qatari Rial
120 RON Romanian New Leu
121 RSD Serbian Dinar
122 RUB Russian Ruble
123 RWF Rwandan Franc
124 SAR Saudi Riyal
125 SBD Solomon Islands Dollar
126 SCR Seychellois Rupee
127 SDG Sudanese Pound
128 SEK Swedish Kroner
129 SGD Singapore Dollar
130 SHP Saint Helena Pound
131 SLL Sierra Leonean Leone
132 SOS Somali Shilling
133 SRD Surinamese Dollar
134 STD São Tomé and Príncipe Dobra
135 SVC Salvadoran Colón
136 SYP Syrian Pound
137 SZL Swazi Lilangeni
138 THB Thai Baht
139 TJS Tajikistani Somoni
140 TMT Turkmenistani Manat
141 TND Tunisian Dinar
142 TOP Tongan Paʻanga
143 TRY Turkey Lira
144 TTD Trinidad Dollars
145 TWD Taiwan Dollar
146 TZS Tanzanian Shilling
147 UAH Ukrainian Hryvnia
148 UGX Ugandan Shilling
149 USD United States Dollar
150 UYU Uruguayan Peso
151 UZS Uzbekistan Som
152 VEF Venezuelan Bolívar Fuerte
153 VND Vietnam Dong
154 VUV Vanuatu Vatu
155 WST Samoan Tala
156 XAF CFA Franc BEAC
157 XAG Silver (troy ounce)
158 XAU Gold (troy ounce)
159 XCD East Caribbean Dollar
160 XDR Special Drawing Rights
161 XOF CFA Franc BCEAO
162 XPF Tahiti CFP Franc
163 YER Yemeni Rial
164 ZAR South African Rand
165 ZMK Zambian Kwacha (pre-2013)
166 ZMW Zambian Kwacha
167 ZWL Zimbabwean Dollar