Clues In Currency Exchange Rates

wealthymattersFor a lot of investors who delve into the forex market, one of the most appealing factors is simplicity. In most cases, you can start out in forex through opening a mini account with your broker, allowing you to trade smaller amounts and thus risk less as you get familiar with the market. Additionally, following currency exchange rates can be a slightly less stressful process than dealing in stocks because in some ways exchange rates tend to be less volatile.

But to deal successfully in forex, it’s necessary to learn the different hints and clues to watch for in measuring exchange rate trends. Along those lines, here are some things to keep in mind. Read more of this post

Cheaper Dollars?

wealthymattersYesterday the local forex market closed at Rs 56 per USD. So depending which institution a person chose to patronize,whether he/she was buying or selling dollars and in which form, he/she would have paid a price close to Rs56 per USD along with the institution’s commission and/or transaction costs.

However the currency desktop gadget that Microsoft  packs with Windows 7,that I have active on my desktop showed only Rs54.8 per USD.

Now does anyone have any idea where this Microsoft desktop gadget picks up its data from?Is it accurate?

Is this by chance the Visa determined rate and/or the rate banks and other financial institutions have to pay in the international market?Do you know of some way for an individual to get these rates?For example Visa cards in India are issued by banks and Reliance MF in India.All of them charge a fee over the visa rate.Is there some way an individual can get these rates? Read more of this post

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