Foreign currency trading currencies

Online and in store rates differ. How would you like your currency? You can select to receive cash, or load foreign currency onto a Cash Passport prepaid card. You can reload your card online and use it at ATMs and shops abroad. Enter the amount you’d like to reload for your online purchase of foreign currency. Exchange rates fluctuate daily based on the value of a country’s currency, which is affected by anything from political changes to market news. We also list our historic rates here, helping you to understand whether or not it’s a good time to buy your currency.

Exchange rates fluctuate due to one major factor: global demand and supply. The more in-demand a particular currency is, the more its value will increase. Factors that affect demand and supply of currency include governments and businesses trading internationally, countries’ political and economic stability, travel and tourism, trading of currencies on the stock market and even natural disasters. Exchange rates are also influenced by countries’ rules and actions that govern their currency, known as their fiscal policy. Interest rates play a large role in exchange rate fluctuation. Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. One currency can be purchased by another currency through banking institutions or on the open market.

Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value. Want to know more about how to predict the movements of a particularly currency?

Get a great deal with our Online Price Promise When you exchange with Travelex, we promise to give you the lowest online price for foreign currency in the United States. If you find a lower online price elsewhere for your foreign currency, we promise that we’ll match it. Just contact us, and we’ll refund you the difference between the price you paid and the price you found. Please refer to the Travelex Online Price Promise Terms and Conditions for more detail.