Currency Conversion

By: Dynafrom Wang

1. One possible reason for this is that currency exchange rates are constantly changing so on your
trip to Europe the Canadian dollar may be worth a lot less then the euro, and when you come
back the CAD may be exchange at a higher rate. It could also be because in Europe, there are
more competition in the retail currency exchange business meaning lower rates, but if you try to
convert back in Canada, there is little competition meaning higher rates.
2. The rate of interest charged on short-term loans made between banks. Banks borrow and lend
money in the interbank market in order to manage liquidity and meet the requirements
placed on them.
3. Players in the foreign exchange market, such as banks and corporations, buy and sell currencies
openly. Currency prices are expressed in terms of "bid" and "ask." Bid is the price at which
buyers offer to buy currencies from sellers. Ask is the price at which sellers offer currencies to
buyers.
4. USD, EURO, JAPANESE YEN, POUND STERLING, SWISS FRANC, AUSTRAILIAN DOLLAR, CAD,
SWEDISH KRONA, HKD, NORWEGIAN KRONE, NEW ZEALAND DOLLAR, AND MEXICAN PESO.
5. I would pick the Chinese dollar, Yuan since China does have the worlds 2nd highest GDP and is
amongst the higher exporter and importers. This means there are many trades of different
currencies to the Yuan, much more so then some of the currencies in the top 12.
6.
ADF 0.13390 7.46590 Andorran Franc
ADP 0.00537 186.16700 Andorran Peseta
AED 0.27230 3.67580 Utd. Arab Emir. Dirham
AFN 0.01916 52.39000 Afghanistan Afghani
ALL 0.01057 98.51200 Albanian Lek
AMD 0.00329 304.41000 Armenian Dram
ANG 0.57140 1.80000 NL Antillian Guilder
AOA 0.01337 75.15800 Angolan Kwanza
AON 0.01337 75.15800 Angolan New Kwanza
ARS 0.30910 3.36050 Argentine Peso
ATS 1.27260 0.78640 Austrian Schilling
AUD 0.67540 1.48400 Australian Dollar
AWG 0.56500 1.80000 Aruban Florin
AZM 0.00025 4043.00000 Azerbaijan Manat
AZN 1.23670 0.80860 Azerbaijan New Manat
BAM 0.65440 1.52860 Bosnian Mark
BBD 0.50760 2.02000 Barbados Dollar
BDT 0.01494 69.73200 Bangladeshi Taka
BEF 1.27260 0.78640 Belgian Franc
BGN 0.65930 1.54030 Bulgarian Lev
BHD 2.71310 0.38420 Bahraini Dinar
BIF 0.00085 1215.50000 Burundi Franc
BMD 1.00000 1.00000 Bermudian Dollar
BND 0.67880 1.51210 Brunei Dollar
BOB 0.14600 7.16250 Bolivian Boliviano
BRL 0.46590 2.15880 Brazilian Real
BSD 1.01250 1.01780 Bahamian Dollar
BTN 0.02106 47.50000 Bhutan Ngultrum
BWP 0.12770 8.08390 Botswana Pula
BYR 0.00047 2151.50000 Belarusian Ruble
BZD 0.52440 1.98520 Belize Dollar
CDF 0.00234 437.00000 Congolese Franc
CHF 0.84890 1.17900 Swiss Franc
CLP 0.00159 629.39500 Chilean Peso
CNY 0.14690 6.84570 Chinese Yuan Renminbi
COP 0.00043 2386.90000 Colombian Peso
CRC 0.00184 564.35000 Costa Rican Colon
CUC 1.08000 0.92590 Cuban Convertible Peso
CUP 0.04500 23.14810 Cuban Peso
CVE 0.01187 87.39500 Cape Verde Escudo
CYP 1.27260 0.78640 Cyprus Pound
CZK 0.05101 19.69530 Czech Koruna
DEM 1.27260 0.78640 German Mark
DJF 0.00578 179.92000 Djibouti Franc
DKK 0.17110 5.84650 Danish Krone
DOP 0.02883 35.93100 Dominican R. Peso
DZD 0.01519 68.64500 Algerian Dinar
ECS 0.00004 25587.00000 Ecuador Sucre
EEK 0.08176 12.23540 Estonian Kroon
EGP 0.18320 5.61450 Egyptian Pound
ESP 1.27260 0.78640 Spanish Peseta
ETB 0.10430 9.92780 Ethiopian Birr
EUR 1.27260 0.78640 Euro
FIM 1.27260 0.78640 Finnish Markka
FJD 0.56500 1.80180 Fiji Dollar
FKP 1.56740 0.63820 Falkland Islands Pound
FRF 1.27260 0.78640 French Franc
GBP 1.56570 0.63930 British Pound
GEL 0.67110 1.49000 Georgian Lari
GHC 0.00009 12005.00000 Ghanaian Cedi
GHS 0.86100 1.20050 Ghanaian New Cedi
GIP 1.56740 0.63820 Gibraltar Pound
GMD 0.04195 24.96500 Gambian Dalasi
GNF 0.00020 5132.90000 Guinea Franc
GRD 1.27260 0.78640 Greek Drachma
GTQ 0.13520 7.70650 Guatemalan Quetzal
GYD 0.00669 172.67000 Guyanese Dollar
HKD 0.12900 7.75080 Hong Kong Dollar
HNL 0.05377 19.37800 Honduran Lempira
HRK 0.17950 5.59500 Croatian Kuna
HTG 0.02588 40.20400 Haitian Gourde
HUF 0.00478 209.98900 Hungarian Forint
IDR 0.00009 11098.80000 Indonesian Rupiah
IEP 1.27260 0.78640 Irish Punt
ILS 0.26190 3.82600 Israeli New Shekel
INR 0.02083 49.00500 Indian Rupee
IQD 0.00087 1195.10000 Iraqi Dinar
IRR 0.00010 10198.00000 Iranian Rial
ISK 0.00799 135.09900 Iceland Krona
ITL 1.27260 0.78640 Italian Lira
JMD 0.01370 78.00000 Jamaican Dollar
JOD 1.43160 0.71850 Jordanian Dinar
JPY 0.01018 98.33660 Japanese Yen
KES 0.01343 77.56300 Kenyan Shilling
KGS 0.02567 38.95660 Kyrgyzstanian Som
KHR 0.00025 4166.60000 Cambodian Riel
KMF 0.00260 385.89900 Comoros Franc
KPW 0.00714 140.00000 North Korean Won
KRW 0.00077 1311.30000 South-Korean Won
KWD 3.73830 0.27350 Kuwaiti Dinar
KYD 1.22500 0.83330 Cayman Islands Dollar
KZT 0.00852 122.04000 Kazakhstan Tenge
LAK 0.00012 8754.60000 Lao Kip
LBP 0.00068 1529.30000 Lebanese Pound
LKR 0.00909 110.30000 Sri Lanka Rupee
LRD 0.01587 64.00000 Liberian Dollar
LSL 0.10080 10.19700 Lesotho Loti
LTL 0.37510 2.72840 Lithuanian Litas
LUF 1.27260 0.78640 Luxembourg Franc
LVL 1.83260 0.56130 Latvian Lats
LYD 0.78650 1.31840 Libyan Dinar
MAD 0.11830 8.84180 Moroccan Dirham
MDL 0.09867 10.60400 Moldovan Leu
MGA 0.00056 1867.00000 Malagasy Ariary
MGF 0.00011 9150.46000 Malagasy Franc
MKD 0.02118 48.78700 Macedonian Denar
MMK 0.15900 6.55520 Myanmar Kyat
MNT 0.00087 1145.49000 Mongolian Tugrik
MOP 0.12790 8.12950 Macau Pataca
MRO 0.00418 249.99000 Mauritanian Ouguiya
MTL 1.27260 0.78640 Maltese Lira
MUR 0.03339 34.95000 Mauritius Rupee
MVR 0.07921 12.95690 Maldive Rufiyaa
MWK 0.00719 145.25000 Malawi Kwacha
MXN 0.07847 12.84450 Mexican Peso
MYR 0.28710 3.60850 Malaysian Ringgit
MZM 0.00004 24290.00000 Mozambique Metical
MZN 0.04151 24.29000 Mozambique New Metical
NAD 0.10050 10.22900 Namibia Dollar
NGN 0.00868 119.87000 Nigerian Naira
NIO 0.05189 20.05300 Nicaraguan Cordoba Oro
NLG 1.27260 0.78640 Dutch Guilder
NOK 0.14500 6.91350 Norwegian Kroner
NPR 0.01337 77.42900 Nepalese Rupee
NZD 0.59250 1.69220 New Zealand Dollar
OMR 2.62430 0.38730 Omani Rial
PAB 1.01760 1.02190 Panamanian Balboa
PEN 0.33250 3.13280 Peruvian Nuevo Sol
PGK 0.40390 2.60080 Papua New Guinea Kina
PHP 0.02069 48.96800 Philippine Peso
PKR 0.01239 81.27860 Pakistan Rupee
PLN 0.35120 2.86030 Polish Zloty
PTE 1.27260 0.78640 Portuguese Escudo
PYG 0.00022 4742.50000 Paraguay Guarani
QAR 0.27540 3.64750 Qatari Rial
ROL 0.00003 29361.00000 Romanian Lei
RON 0.34530 2.93610 Romanian New Lei
RSD 0.01497 68.68000 Serbian Dinar
RUB 0.03703 27.01240 Russian Rouble
RWF 0.00186 562.64000 Rwandan Franc
SAR 0.26660 3.75740 Saudi Riyal
SBD 0.14350 7.63360 Solomon Islands Dollar
SCR 0.11420 9.00940 Seychelles Rupee
SDD 0.00463 223.82000 Sudanese Dinar
SDG 0.46290 2.23820 Sudanese Pound
SDP 0.00044 2272.30000 Sudanese Old Pound
SEK 0.12650 7.91520 Swedish Krona
SGD 0.66830 1.49720 Singapore Dollar
SHP 1.74330 0.57370 St. Helena Pound
SIT 1.27260 0.78640 Slovenian Tolar
SKK 0.04196 23.90790 Slovak Koruna
SLL 0.00034 3033.72000 Sierra Leone Leone
SOS 0.00072 1455.50000 Somali Shilling
SRD 0.37040 2.78000 Suriname Dollar
SRG 0.00037 2780.00000 Suriname Guilder
STD 0.00007 14645.00000 Sao Tome/Principe Dobra
SVC 0.11700 8.92230 El Salvador Colon
SYP 0.02229 47.05400 Syrian Pound
SZL 0.10010 10.04290 Swaziland Lilangeni
THB 0.02905 35.42000 Thai Baht
TJS 0.29400 3.40150 Tajikistani Somoni
TMM 0.00019 5200.10000 Turkmenistan Manat
TND 0.73930 1.41260 Tunisian Dinar
TOP 0.49000 2.07470 Tonga Pa'anga
TRL 0.00000 1545510.00000 Turkish Lira
TRY 0.64790 1.54550 Turkish New Lira
TTD 0.16670 6.20100 Trinidad/Tobago Dollar
TWD 0.03050 32.83330 Taiwan Dollar
TZS 0.00083 1252.00000 Tanzanian Shilling
UAH 0.17610 5.89700 Ukraine Hryvnia
UGX 0.00057 1821.00000 Uganda Shilling
UYU 0.04393 23.69800 Uruguayan Peso
UZS 0.00074 1345.43000 Uzbekistan Som
VEB 0.00047 2157.30000 Venezuelan Bolivar
VEF 0.46790 2.15730 Venezuelan Bolivar Fuerte
VND 0.00006 17243.00000 Vietnamese Dong
VUV 0.00909 115.10000 Vanuatu Vatu
WST 0.34340 2.92910 Samoan Tala
XAF 0.00199 522.60000 CFA Franc BEAC
XAG 10.09000 0.09950 Silver (oz.)
XAU 737.10000 0.00136 Gold (oz.)
XCD 0.38310 2.71100 East Caribbean Dollar
XEU 1.27260 0.78640 ECU
XOF 0.00199 522.60000 CFA Franc BCEAO
XPD 228.00000 0.00451 Palladium (oz.)
XPF 0.01095 95.04300 CFP Franc
XPT 857.00000 0.00117 Platinum (oz.)
YER 0.00501 201.77000 Yemeni Rial
YUN 0.01497 68.68000 Yugoslav Dinar
ZAR 0.09864 10.20000 South African Rand
ZMK 0.00026 4000.50000 Zambian Kwacha
ZWD 0.00120 876.47000 Zimbabwe Dollar

7. Albania uses the LEK.

8. 1 Canadian Dollar (CAD) = 1.29718 Turkish New Lira (TRY)

9. Monday, November 10, 2008 6:57 PM

1 US Dollar = 1.18990 Canadian Dollar

1 Canadian Dollar (CAD) = 0.84041 US Dollar (USD)