Currency Converter: Why Exchange Rates Change
Introduction
Exchange rates affect travelers, businesses, and investors. But why do they change?
Factors Influencing Rates
- Supply and demand.
- Central bank policies.
- Inflation differences.
- Global events.
Example
USD to EUR might be 1.05 today, but next month it could be 1.10 due to interest rate changes.
Why Use a Currency Converter?
- Easy to check real-time values.
- Helps travelers budget.
- Important for businesses with imports/exports.
Sources
Disclaimer: This article is for educational purposes only and does not constitute financial advice.