How often have you decided to travel abroad and wanted to know the value of your local currency outside your country? Or just simply wanted to know what you currency value is when compared with any other nation?
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How to know which website offers a better solution to answer your above questions?
XE.com not only is the top in my opinion but it also provides a very good snapshot of many other currencies right on their homepage. It refreshes automatically to show current rate.
My 2nd option to go for currency conversion is Google homepage. Yes! Google search window offers quick currency conversion online. Just type in your local currency amount to be converted to the other nation’s currency that you want to convert to. For example, you may type in 11 USD in EUR and it gives you the following output:
Oanda.com offers the same conversion but website is little more trendier in my opinion. I have been using Oanda since 2007 and their way of presentation is pleasing. I usually take a print of their Traveler’s cheatsheet. Pretty neat personalized cheatsheet for our wallets.
Gocurrency provides a drop-down menu right on top as soon as we visit them. This has a list of countries which when chosen gives historical data, credit ratings, bank rates, GDP details, etc. Their currency conversion is also good enough that gets the job done.
Yahoo Finance page has its own currency conversion section within finance.yahoo.com page. But it takes some time to locate it in the site. One good thing is that it also offers along side their page an ‘education’ section. It provides us links to trading with currency, intro to currency, floating vs. fixed rates, etc. For someone who wants to learn the basics should surely give it a shot.
These are the five currency converter websites available online which does well in my viewpoint. Sometimes you may find slight differences in the converted rates. This should be kept in mind and thus warrants a reason to check more than one website - this post helps you to do just that!
As with freedom of choice, you're welcome to dig even deeper and find your favourites. Though many other websites offer this conversion to us like Bloomberg, X-Rates, etc., in my opinion the above mentioned websites do the job well. You can find the rest here in this simple google search for Currency Converter.
Written by Arun Sarathy.