Definition – What does Currency Converter mean?
A currency converter is a tool, usually provided online, which helps the user calculate how much a specific amount of currency is worth in terms of another currency. People often use a currency converter to figure out how much a foreign item costs in terms of their domestic currency or how much a sum of money will be worth when changed into another currency.
ForexTerms explains Currency Converter
Currency converters are simple calculators that usually use bank exchange rates to make their calculations. More complex currency converters follow the market rates of currency pairs and are updated frequently as rates change. Currency values are constantly changing in the forex market, so currency converters are often working on old information.
For this reason, currency converters offer a good means of estimating an exchange rate, but the actual rate will usually change before the transaction is made.
Ufafanuzi <unk> Nini inamaanisha Converter sarafu? Converter ya sarafu ni chombo cha kuhamisha fedha ambacho hutumiwa na watumiaji wa mtandao wa mtandao kuhesabu thamani ya sarafu fulani kwa sarafu nyingine. Watu hutumia kubadilisha sarafu ili kujua ni kiasi gani cha bidhaa za kigeni zinagharimu katika suala la sarafu yao ya ndani au ni kiasi gani cha pesa kitakuwa na thamani wakati wa kubadilishwa kuwa sarafu nyingine. Forex Converter ni kifaa cha kawaida cha kutafakari fedha ambacho hutumia viwango vya kubadilishana vya benki kufanya hesabu. Vifaa vya kubadilisha sarafu vilivyo tata zaidi hufuata viwango vya soko vya jozi za sarafu na hufanywa upya mara kwa mara kadiri viwango vinavyobadilika. Kiwango cha fedha cha forex ni kubadilika mara kwa mara, na kwa hiyo ni muhimu kwa wafanyabiashara wa fedha kufanya kazi kwa kutumia data ya zamani. Kwa sababu hii, kubadilisha sarafu hutoa njia nzuri ya kukadiria kiwango cha ubadilishaji, lakini kiwango halisi kawaida itabadilika kabla ya shughuli kufanywa.