Exchange Rate

Information purposes only. 

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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.

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.

#FlagCodeNameReference Rate
1AEDU.A.E. Dirham
2 AFNAfghan Afghani
3 ALLAlbanian Lek
4 AMDArmenian Dram
5 ANGNetherlands Antillean Guilder
6 AOAAngolan Kwanza
7ARSArgentina Peso
8AUDAustralian Dollar
9 AWGAruban Florin
10 AZNAzerbaijani Manat
11 BAMBosnia-Herzegovina Convertible Mark
12BBDBarbados Dollar
13BDTBangladeshi Taka
14BGNBulgaria Lev
15BHDBahraini Dinar
16 BIFBurundian Franc
17BMDBermuda Dollars
18 BNDBrunei Dollar
19BOBBolivian Boliviano
20BRLBrazilian Real
21BSDBahamian Dollar
22 BTCBitcoin
23 BTNBhutanese Ngultrum
24 BWPBotswanan Pula
25 BYRBelarusian Ruble
26BZDBelize Dollar
27 CADCanadian Dollar
28 CDFCongolese Franc
29CHFSwiss Franc
30 CLFChilean Unit of Account (UF)
31CLPChilean Peso
32CNYChinese Yuan
33COPColombian Peso
34CRCCosta Rican Colon
35 CUCCuban Convertible Peso
36 CUPCuban Peso
37 CVECape Verdean Escudo
38CZKCzech Koruna
39 DJFDjiboutian Franc
40DKKDanish Kroners
41DOPDominican R. Peso
42 DZDAlgerian Dinar
43EGPEgyptian Pound
44 ERNEritrean Nakfa
45 ETBEthiopian Birr
46EUREuro Dollar
47FJDFiji Dollar
48 FKPFalkland Islands Pound
49GBPGreat British Pound
50 GELGeorgian Lari
51 GGPGuernsey Pound
52 GHSGhanaian Cedi
53 GIPGibraltar Pound
54 GMDGambian Dalasi
55 GNFGuinean Franc
56GTQGuatemalan Quetzal
57 GYDGuyanaese Dollar
58HKDHong Kong Dollar
59HNLHonduran Lempira
60HRKCroatia Kuna
61 HTGHaitian Gourde
62HUFHungarian Forint
63IDRIndonesian Rupiah
64ILSIsraeli New Shekel
65 IMPManx pound
66INRIndian Rupee
67IQDIraqi Dinar
68 IRRIranian Rial
69ISKIceland Krona
70 JEPJersey Pound
71JMDJamaican Dollars
72JODJordanian Dinar
73JPYJapanese Yen
74KESKenyan Shillings
75 KGSKyrgystani Som
76 KHRCambodian Riel
77 KMFComorian Franc
78 KPWNorth Korean Won
79KRWSouth Korean Won
80KWDKuwaiti Dinar
81KYDCayman Dollar
82 KZTKazakhstani Tenge
83 LAKLaotian Kip
84LBPLebanese Pound
85LKRSri Lankan Rupee
86 LRDLiberian Dollar
87 LSLLesotho Loti
88LTLLithuanian Litas
89LVLLatvian Lats
90 LYDLibyan Dinar
91MADMoroccan Dirham
92 MDLMoldovan Leu
93 MGAMalagasy Ariary
94 MKDMacedonian Denar
95 MMKMyanma Kyat
96 MNTMongolian Tugrik
97 MOPMacanese Pataca
98 MROMauritanian Ouguiya
99 MURMauritian Rupee
100 MVRMaldivian Rufiyaa
101 MWKMalawian Kwacha
102MXNMexican Peso
103MYRMalaysian Ringgit
104 MZNMozambican Metical
105 NADNamibian Dollar
106 NGNNigerian Naira
107NIONicaraguan Cordoba
108NOKNorwegian Kroners
109NPRNepalese Rupee
110NZDNew Zealand Dollar
111OMROmani Rial
112 PABPanamanian Balboa
113PENPeruvian Nuevo Sol
114 PGKPapua New Guinean Kina
115PHPPhilippine Pesos
116PKRPakistan Rupees
117PLNPolish Zloty
118PYGParaguay Guarani
119QARQatari Rial
120RONRomanian New Leu
121 RSDSerbian Dinar
122RUBRussian Ruble
123 RWFRwandan Franc
124SARSaudi Riyal
125 SBDSolomon Islands Dollar
126 SCRSeychellois Rupee
127 SDGSudanese Pound
128SEKSwedish Kroner
129SGDSingapore Dollar
130 SHPSaint Helena Pound
131 SLLSierra Leonean Leone
132 SOSSomali Shilling
133 SRDSurinamese Dollar
134 STDSão Tomé and Príncipe Dobra
135 SVCSalvadoran Colón
136 SYPSyrian Pound
137 SZLSwazi Lilangeni
138THBThai Baht
139 TJSTajikistani Somoni
140 TMTTurkmenistani Manat
141TNDTunisian Dinar
142 TOPTongan Paʻanga
143TRYTurkey Lira
144TTDTrinidad Dollars
145TWDTaiwan Dollar
146TZSTanzanian Shilling
147UAHUkrainian Hryvnia
148 UGXUgandan Shilling
149USDUnited States Dollar
150UYUUruguayan Peso
151 UZSUzbekistan Som
152 VEFVenezuelan Bolívar Fuerte
153VNDVietnam Dong
154 VUVVanuatu Vatu
155 WSTSamoan Tala
157 XAGSilver (troy ounce)
158 XAUGold (troy ounce)
159XCDEast Caribbean Dollar
160 XDRSpecial Drawing Rights
162XPFTahiti CFP Franc
163 YERYemeni Rial
164ZARSouth African Rand
165 ZMKZambian Kwacha (pre-2013)
166 ZMWZambian Kwacha
167 ZWLZimbabwean Dollar