Currency Converter

In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers.

If you prefer that we do not use this information, you may opt out of online behavioral advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that. 2) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that are advanced foreign economies. At Bank of America, we’re here to improve efficiency and provide a great user experience for your customers.

Why is Canadian dollar so low?

As the Russia–Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian dollar and energy prices has weakened, leaving the Bank of Canada with one less tool to fight inflation.

These include straight-through processing online validation, along with fixed, dynamic and panel approval structures. CashPro Foreign Exchange Services also simplifies your workflow with the new FX Trade & Pay feature. With FX Trade & Pay, you can view and settle eligible currency trades done with Bank of America within a single screen in CashPro Payments. This means you can use pre-booked currency trades to efficiently fund your FX payments—helping you drive profitability while reducing risk. You also benefit from multiple payment entry options and the ability to lock in FX rates prior to submitting your payments. The company is currently increasing its international workforce faster than in the US.


With it, you hold one account and quickly receive funds in up to 39 different currencies – making it easy for you and your payers to do more business globally. Receiving payments in different currencies creates challenges for treasury functions that often require manual intervention. And for optimal upfront visibility at a transactional level, our award-winning FX Trade and Pay solution now allows pre-booked trades to be settled via SWIFT against US dollar accounts with more debit currencies planned.

us fx

StoneX Markets LLC was one of the first non-bank entities provisionally registered in swaps by the CFTC and has remained a leader in OTC for the past 25 years. StoneX Markets LLC was one of the first non-bank provisionally registered in swaps by the CFTC and has remained a leader in OTC for the past 25 years. Use the exchange rates listed below or the convenient Currency Calculator tool to determine how much foreign currency cash you want to order. The exchange rates listed below and the Currency Calculator are meant to assist customers who intend to order foreign currency from our website to be delivered in the form of physical cash. They are not intended to be used as a reference for exchange rates applied to incoming and outgoing wires or checks denominated in a foreign currency.

Please provide us with the following information to process your request. Gain full access to a live dealer whenever you need it with an OTC FX account. Gold fell to its lowest level in nearly a year at $1,680 on Wednesday but managed to stage a decisive rebound in the second half of the week. XAU capitalized on the sharp decline witnessed in the US Treasury bond yields and ended up snapping a three-week losing streak. Ahead of the Fed’s policy announcements and the US GDP data, gold could find it difficult to make a convincing move in either direction. Bitcoin price has noticed a large shift in sentiment from being overly bearish to optimistic.

Budget, Financial Reporting, Planning and Performance

Get started with Monex USA Online for near-instant access to global payment transactions in 130+ currencies. A taxpayer may also need to recognize foreign currency gain or loss on certain foreign currency transactions. See section 988 of the Internal Revenue Code and the regulations thereunder. Any Bank of America customer can exchange foreign currency at any financial center. Check live rates, send money securely, set rate alerts, receive notifications and more.

You acknowledge that the parties to these exchange rate transactions engaged in arm’s-length negotiations. You are a customer and these transactions do not establish a principal/agent relationship or any other relationship that may create a heightened duty for us. Live tracking and notifications + flexible delivery and payment options. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. To further manage FX risk, combine Global FX Receivables with our Guaranteed FX solution, locking in a fixed rate for up to 180 days.

Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. ctrader robot At Bank of America, we help make business easier with our Global FX Receivables solution. Connect your systems to application programming interfaces to initiate real-time FX requests.

Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. dollars using the applicable exchange rate without prior notice to you. If you prefer file access, CashPro Connect FX is a single-file, multicurrency solution that can help you make global payments with electronic acknowledgments and reporting. CashPro Connect FX supports multiple file formats and uses ISO XML—the global standard for financial messaging—to help you transact with greater speed and efficiency. CashPro FX is an online, single point of access for execution of FX payments as well as trades, featuring simple navigation, interactive fields and netting functionality. Execute spot trades, forwards, swaps and non-deliverable forwards in more than 140 currencies with straight-through trade processing—while benefitting from timely forecasts and risk analysis tools. is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad.

Building upon the predictability of corporate payment flows — receivables from customers and payables to suppliers — the bank makes it possible to offer a longer-dated guarantee rate with competitive pricing. As the global currency market has become lmfx review ever more volatile, FX exposure poses challenges to treasurers in managing their companies’ cross-border, cross-currency receivables and payables. It also provides easy access to the robust payment workflow capabilities in CashPro Payments.

StoneX provides institutional clients with a complete suite of equity trading services to help them find liquidity with best execution and end-to-end clearing. StoneX Commodity Solutions trades physical commodities including fats and oils, grains and feed ingredients, coffee, cocoa, cotton and lumber. We offer customers efficient off-take or supply services, logistics management and financing. The top US consumer watchdog has intensified scrutiny of real-time crypto payments. The Consumer Financial Protection Bureau has ramped up oversight of Big Tech companies as they expand into traditional finance.

Train the Brain: Build a Patient Disciplined Trading Mind from an Emotionally Reactive Brain

In early 2015, Goldman Sachs predicted a strong US recovery that would continue through at least 2017. All predictions for the Canadian economy point to a moderately-growing economy, with continued, yet slightly lower, global demand for commodities and energy helping to offset a shrinking workforce. Part of this can be attributed to Canada’s weakened economy, which has been slowed by lingering effects from the global recession. Canada continues to struggle with a large amount of public debt and persistent unemployment levels. There are concerns of an aging workforce that even an influx of immigrants will not be able to fully address. A moderate slowdown in energy and commodity investing has also had an effect on Canada’s economy and near-term outlook.

What is the strongest world currency?

1. Kuwaiti dinar. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling. Kuwait is a small country that is nestled between Iraq and Saudi Arabia whose wealth has been driven largely by its large global exports of oil.

“The recent US dollar strength is expected to result in a headwind to our reported revenue and growth rates for fiscal year 2022” said Dan Durn, CFO at Adobe during its Q4 earnings call. StoneX Commodity Solutions has extensive origination, merchandising, logistics, financing and operations experience providing seamless execution of physical transactions in soft and agricultural commodities. Provide your visitors with the highest quality real-time data easily. First, the company announced mass layoffs that would affect about 10% of its workforce or 1,000 employees. The Canadian ecommerce platform then offered up a fourth earnings miss in a row on Wednesday morning that confirmed the firm is failing to pivot quickly after the pandemic led the company into explosive growth.

Effectively managing exposure to currency risk requires FX markets that provide global access and broad currency coverage. With ICE, you’re able to trade more than 60 FX contracts including the world’s most heavily traded majors, cross rates and emerging markets currency pairs. For web access, CashPro Payments can help you simplify your end-to-end processes from payment creation to reconciliation.

Official exchange rate LCU per US$, period average

The long-due dollar correction and increasing odds of a 50 bps BOE rate hike in August brewed a perfect mix for the much-needed recovery in GBP from over two-year lows. Although uncertainty surrounding the UK political scenario and the critical 21-DMA capped the rebound in the currency pair. Bulls took a breather also ahead of the all-important Fed interest rate decision, US advance GDP and inflation data. This is the first deep dive we have done on a bank or financial institution, and regular readers will notice a different valuation method at play here.

FX traders are constantly looking to innovate and find efficiencies, and the pace of change is only increasing. FX Markets USA helps you to learn from thought-leaders about the latest innovations in technology, where the FX markets are, and most importantly where they are heading. Generally, it accepts any posted exchange rate that is used consistently. If you want to exchange more than $10,000, please sign in to Online Banking to see the most accurate rate.

The dollar’s valuation, however, will be impacted significantly by FOMC Chairman Jerome Powell’s remarks on future policy decisions as recession fears escalate. Since early 2013, the CAD has steadily lost value against the USD as the American economy began to see solid improvements. US oil and gas output has risen, reducing its demand on imports, and an improved climate has seen employment levels and private sector output improve. The US dollar surged ahead in 2014, rising against all major world currencies for the first time since 2000. By January 2014, the CAD had fallen to a value of US$0.9141 by January 2014, and by a further 10% to US$0.8249 by January 2015.

After 23 years in business and nearly 11 years since we joined the Monex team, we have kicked off 2022 with a new name. We are now Monex USA—proudly taking on our parent company’s name to better unify our global brand. His topics of interest include over-the-counter derivatives pricing, collateral management, market infrastructure and legal risk. Sign Up NowGet this delivered to your inbox, and more info about our products and services. With RBC Online Banking and the RBC Mobile app, you can exchange and move money instantly and for free1 between your RBC Canadian and U.S. accounts, 24/7.

Take advantage of enhanced straight-through processing, global routing codes and automated payment reconciliation to streamline high- and low-value payments, multibank, internal book transfers and more. CashPro Payments also provides local language availability; the ability to email beneficiaries while including attachments; fixed, dynamic or panel approvals; and user-defined fields. Trading over-the-counter and exchange-traded derivatives is not suitable for all investors and involves substantial risk. StoneX Markets, LLC (“SXM”), a subsidiary of StoneX Group Inc., is a member of the National Futures Association and provisionally registered with the U.S.

The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency. Baton Systems transforms the movement of financial assets across the world’s largest financial markets. The Baton platform is deployed by global financial institutions, connecting them to custodians, nostro providers and the largest central counterparties. Baton facilitates the movement of billions of dollars of cash and securities every day. Bank of America account holders can exchange foreign currency for U.S. dollars at a full-service banking center. Add a currency to view the currency exchange rates for that country and find out how much your foreign currency is currently worth in U.S. dollars.

us fx

FXcompared does not include the entire universe of available international money transfer companies. These are the average exchange rates of these two currencies for the last 30 and 90 days. StoneX offers risk management services with several levels of service, each customized to the needs of your company.

The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website.

Why use Exchange

For additional exchange rates not listed below, refer to the governmental and external resources listed on theForeign Currency and Currency Exchange Ratespage or any other posted exchange rate . The Treasury Department’s semiannual Report to Congress reviews developments in international economic and exchange rate policies across the roboforex review United States’ major trading partners. 3) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that are emerging market economies. 1) A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners.

Why is USD worth more than CAD?

Since the United States' interest rate is higher than Canada's, the USD has appreciated against the CAD over time. That's because the higher interest rates offer higher rates to lenders, attracting more foreign capital that increases the currency exchange rates.

Convert popular currencies at effective exchange rates with our currency converter calculator. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm. Headquartered in New York, it maintains offices in all major financial centres worldwide.

In a single transaction, the USDX enables you to monitor moves in the value of the currency relative to a basket of other world currencies while hedging your portfolios against adverse moves. In markets known for their volatility, instruments that enable you to effectively respond to opportunity and risk are crucial. Manage currency exposure across key emerging markets with our broad range of currency futures, including the Brazilian real, Colombian peso, Indian rupee, Israeli shekel, Mexican peso, Polish zloty, Russian ruble and Turkish lira. Fill out the form below and a Monex market expert will connect with you shortly. Our team will work closely with you to develop a personalized strategy for your global payment & currency needs. Fill out the form below and a Monex USA market expert will connect with you shortly.

Top-tier FX trading solutions that combine self-clearing OTC and prime of prime. We enable clients to access liquidity nearly everywhere in the world through high-tech trading or high-touch service. INTL FCStone provides facilities management for other Futures Commission Merchants who do not want or have the ability to own the back-office staff, system and capital required to be a clearing member. Send money online to 200 countries and territories with more than 500,000 Western Union agent locations. Exchange Rates shown are estimates, vary by a number of factors including payment and payout methods, and are subject to change. is the perfect solution to balance the complicated world of currency exchanges and intuitive and straightforward design.

RSS Data Download

Centralize your intercompany transactions with FX netting to save time, reduce wire transfers and FX expenses. When combined with multicurrency notional pooling, you have a dual, proactive solution to reduce interest expenses and maximize your cash pool. By essentially shifting FX risk management to the bank, companies can focus on their international expansion, customer acquisition, and forging stronger relationships with their customers, suppliers and vendors. Today’s always-connected global economy means that companies seeking to unlock growth must be nimble and find ways to navigate world markets. Whether you’re new to FX or expanding your horizons, you can look to us for the strategic guidance to help you stay ahead with solutions that make business easier. We provide Boots-on-the-Ground insights and analysis from across the global markets ecosystem to inform your strategies and power their performance.

You then get a clear view of all of your approved payments and easy access to reconcile payments to settled trades – all in a secure environment. But with limited guarantee periods, it has not been ideal to support companies’ receivables and payables cycles, which run up to 1-3 months or even longer. Discover how transacting in foreign currency can drive your growth strategy.

SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. Any recipient of this material who wishes to express an interest in trading with SXM must first prequalify as an ECP, independently determine that derivatives are suitable for them and be accepted as a customer of SXM. Trading over-the-counter (“OTC”) products or “swaps” involves substantial risk of loss. This material does not constitute investment research and does not take into account the particular investment objectives, financial situations, or needs of individual clients or recipients of this material. You are directed to seek independent investment and tax advice in connection with derivatives trading. One of the leading non-banking asset managers in the Argentinian market, we specialize in fixed, flexible and variable income funds, offering asset management solutions for a variety of investors.