Convert currencies

With Convert Currencies app is possible to know the value of currencies anywhere in the world, because they are very simple to use and just one click is enough to obtain the desired conversion. And it is that, sometimes, it is very complicated to get an exact idea of the value of money that is needed in a country with a currency other than the euro.

In addition, whether you want to know the value of the coins to travel as if it is to do business or invest, you can take advantage of the applications for mobile devices.

Of course, we must make sure to use a reliable and updated source. This article explains what it is, what it is for and how a currency converter works, as well as describing seven of them.

What is a currency converter?

A currency or currency converter is a calculator that converts the value or quantity of a currency to the relative values or amounts of other currencies. For example, if you want to pay in the United States, you should know the value of the euro in dollars; if you go to Japan, how many yen is one euro, etc.

The converter uses the so-called "currency rate" or "exchange rate" for changes, which fluctuates continuously. Depending on this "exchange rate" you will get more money, if you change the currency when the euro is stronger than the currency of the country of destination, or less money, if the euro is lower.

What is a currency converter for?

A currency converter is essential for professionals working in import and export businesses or for large investors, because with them they have a realistic conversion that allows them to refine their business proposals or verify transactional documents.

But also for ordinary users, for whom a currency converter is very useful at the time of preparing the budget for holidays abroad or to calculate the price of a product.

How does a coin converter work?

A currency converter stores the most recent valuations of the world's currencies, which makes it possible to compare the value of one currency against those of others in the database. The values of the different currencies are determined on the basis of the supply or demand of trading prices among international banks.

The converters let you compare the different currencies quickly and easily. Just enter an amount in the calculator of the exchange rate and select the currencies. Thus the tool provides a quick and accurate view of the value of currencies around the world. In addition, it is usual to include graphs that show the prices of currencies during various periods of time, which can be of great help in gaining perspective on the value of a specific currency over time.