In today’s global economy, both travelers and business people often need to know a currency exchange rate quickly and conveniently. Fortunately, there are several websites that offer reliable and easy-to-use currency rate conversion programs to make currency conversion a snap.
The need for currency conversion before traveling is obvious. Whether your travel is for business or pleasure, you need to know exactly how much money will be enough when you reach your destination. Ease your travel worries by calculating currency rates before you leave.
Many businesses need to take advantage of currency converters as well. If your company does online business with foreign companies or customers, they should have easy access to currency exchange rates in order to know how much your products are in their own currencies. Making this easy for your customers eliminates confusion and allows for better sales.
Your own business also benefits directly when you speed up payments across currencies and avoid fraud from false currency exchange rates.
Currency conversion on the Internet can help:
- Increase international business by including a currency calculator on your website.
- Find currency exchange rates for travel.
- Avoid money loss and fraud by knowing the exact rates you should be getting.
Action Steps
The best contacts and resources to help you get it done
Use an online currency calculator
There is a wide variety of currency converters available on the Internet. Choose the one that best suits your targeted usage.
I recommend: XE.com offers a quick and easy, up-to-the-minute currency converter with exchange rates for the top 85 currencies. For more detailed currency exchange, use the
currency exchange converter from Oanda. This converter offers rates for 164 currencies and three metals that are updated daily. The site also allows for personalization of the tool,
exchange rate histories,
tables of up to 20 rates and the option of choosing which type of rate you need.
Find currency exchange rates before you leave for a trip
In order to avoid bad exchange rates, exchange money before your departure. Using currency converters targeted at the traveler can let you know exactly how much money you need to exchange.
I recommend: Rubicon International provides exchange rates, quoted from the Bank of Montreal, for the traveler in a format similar to that of most exchange offices. When you leave for your trip, you can take the
Traveler's Currency Cheat Sheet, which can be customized to show multiple currencies and their bank, cash and credit card exchange rates.
Include a currency exchange calculator on your desktop or website
There are a number of applications that will allow you to have a currency exchange converter installed directly onto a website, allowing visitors to easily and quickly convert prices.
I recommend: GoCurrency.com offers a customizable
currency converter and a live rates tool for use on a website. The rates used are updated frequently and accurate. A currency converter for a computer desktop, also usable as a calculator, is available as a free download from
Mioplanet.
The official source of Currency converters is the Currency Converters page at Business.com
Related Resources from Business.com
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