The CFP franc is the currency used in the French overseas collectivities of French Polynesia, Wallis and Futuna, and New Caledonia. It is pegged to the euro at a rate of 1 EUR = 119.33 XPF. How many francs are in a dollar? There are currently 1.06 francs in a dollar. What kind of money … Read more
The Canadian dollar (CAD) is the official currency of Canada. It is also one of the world’s major currencies, and is the seventh most traded currency in the world. The CAD is divided into 100 cents, and is often referred to as the “loonie” due to the image of a loon on the one-dollar coin. … Read more
S. Dollar Index (USDX) and How to Trade It. The USDX is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. The USDX is used by traders and investors as a gauge of the strength or weakness of the U.S. dollar. The USDX is calculated … Read more
The Bermudian Dollar (BMD) is the official currency of Bermuda. It is pegged to the US Dollar at a rate of 1:1. The BMD is divided into 100 cents. There are coins of 1, 5, 10, 25, and 50 cents, and notes of 1, 2, 5, 10, 20, and 50 dollars. Where can I exchange … Read more
Exotic currencies are those that are not widely traded or commonly known. They are typically from smaller or emerging economies and can be more volatile and risky than major currencies. Some examples of exotic currencies include the Mexican peso, the Turkish lira, and the South African rand. These currencies can offer opportunities for traders looking … Read more
The Philippine Peso is the official currency of the Philippines. The Philippine Peso is subdivided into 100 centavos. The Central Bank of the Philippines is responsible for issuing the currency. The Philippine Peso is pegged to the US Dollar at a rate of 1 US Dollar = 52.14 Philippine Pesos. What is the 90 rule … Read more
The Bangladesh Taka (BDT) is the currency of Bangladesh. It is subdivided into 100 paisa. The Taka is named after a silver coin called a taka that was used in Bengal during the Mughal era. The taka was first introduced as an official currency of Bengal by the Mughal Emperor Akbar in 1573. The currency … Read more
The Korean Won (KRW) is the official currency of South Korea. It is also sometimes referred to as the “South Korean Won”. The Won is subdivided into 100 smaller units called “jeon”. How do you calculate Korean won? To calculate the Korean won, you will need to know the current exchange rate between the Korean … Read more
A spot exchange rate is the current exchange rate for a currency pair. The “spot” refers to the current price at which the currencies are being traded. The spot exchange rate is usually different from the forward exchange rate, which is the rate at which currencies are traded for delivery at a later date. Why … Read more
The Central African CFA franc is the currency of six Central African countries, namely Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon. It is pegged to the euro at a rate of 1 EUR = 655.957 CFA. Which country uses XAF? There is no one answer to this question as different countries use … Read more
