I don't understand how exchange rates work.

Exchange rates seem complicated at first, but are actually very simple. An exchange rate is the amount one currency is worth against another.

Factors that affect exchange rates (making them go up or down) include:

Supply and demand
The confidence index
Trade balance
Inflation
National debt

We work very hard coming with our financial partners to provide you with the absolute best exchange rates on a daily basis.

Updated on: 27/04/2022