Currency converter
At ucmarkts, if you need a quick currency conversion, our easy-to-use currency converter is here to help. Simply enter the details, and you'll get the most up-to-date rates right away, as our converter updates in real-time.
How the currency converter works
To initiate a new conversion, follow these steps:
- Choose your base currency from any of the 6 dropdown lists
- Select up to 5 other currencies
- Input the amount of the base currency
- And the exchange rates will automatically be calculated
How to get started?
Start your forex trading journey with ucmarkt. Whether you're an experienced trader or just starting out, our platform is tailored to suit your needs, offering you the tools and resources necessary to successfully navigate the global forex markets.
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Frequently asked questions
Exchange rates are determined by either floating rate or fixed rate.
Floating rates are calculated based on supply and demand on the global markets. A high demand for a currency will increase its value while low demands will drive the price down.
On the other hand, a fixed rate is when a currency is set against another major currency, such as the Japanese yen or US dollar, by a government through its central bank.
There is no one specific day that is the best time to exchange currency as forex pricing is based on numerous factors, such as economic and political events, news releases, investors’ confidence, and more.
A currency converter that is updated in real-time, like the Exness Currency Converter, is best suited for knowing up-to-date exchange rates.