• Hedging Against Volatility

    Apr 27, 2012 / 3:43am

    So how can a business protect itself against currency volatility?

    One risk management tool that can help a business protect its profits from unforeseeable changes in the currency market is hedging. The primary goal when hedging is to protect your company's profits from exchange rate uncertainty at the lowest possible cost.

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  • Currency Exchange Risk

    Apr 27, 2012 / 3:39am

    How do currency fluctuations affect import/exporters?

    Exchange rate volatility can work against an international company if a payment in a foreign currency has to be made at a future date. There is no way to guarantee that the price in the currency market will be the same in the future-it is possible that the price will move against the company, making the payment cost more. On the other hand, the market can also move in a business' favor, making the payment cost less in terms of their home currency.

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  • Why Currency Rates Move

    Apr 27, 2012 / 3:22am

    Why do Prices Change in the Foreign Exchange Market?

    Money is a medium of exchange and a standard of value-in other words, a way to quantify how much something is worth. Foreign exchange simply means exchanging the currency of one country for an equivalent amount of the currency of another. Foreign exchange rates are not static, but change dynamically-sometimes many times within a single minute.

    Why does it take more dollars to buy a euro this week than it did last week?

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  • Pocket-sized Converter

    Apr 27, 2012 / 3:14am

    This currency conversion tool can be tucked away nicely in your wallet and will provide you with general guidelines for where the currency is trading. Having a general idea of the exchange rate will help you make more informed decisions when you purchase goods and services from local vendors.

    Create your own Pocket-sized Travel Converter

    First perform a currency conversion using the calculator at the top right of the page. On the results page, click under the graph where it says "Create your own pocket-sized converter."

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  • Confirmation

    Apr 27, 2012 / 3:02am

    You've just signed up for GoCurrency's exciting currency conversion newsletter. You can expect to receive our next monthly newsletter, usually sent in the middle of each month.

    The best way to learn where currency exchange rates are headed is through first-hand experience. Sign up with our advertising partner FXCM for a FREE $50,000 currency trading practice account, and experience the currency market risk-free for yourself.

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  • Our Feeds

    Apr 27, 2012 / 2:50am

    We currently do not offer feeds of any kind.

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  • Disclaimer

    Apr 27, 2012 / 2:25am

    GoCurrency.com make no claims concerning the validity or exactness of the information provided in the Currency Converter (the Service), and will not be held liable for any use, interpretation, or other implementation of said information. GoCurrency.com make no warranties, express or implied, as to results to be obtained from use of such information, and make no express or implied warranties of condition, quality, performance, merchantability or fitness for a particular purpose or use.

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  • Forex Trading Resources

    Apr 27, 2012 / 2:25am

    The forex market allows you to buy and sell currencies similar to how you would stocks or commoditities. Foreign exchange trading, or forex for short, is the largest market in the world involving over $2 trillion in daily trading volume . Forex, like commodities trading, is a regulated industry.

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  • Tips for Changing Money

    Apr 26, 2012 / 1:46pm

    As a traveler, your main concern will be getting the most favorable rate possible. A commonly asked question is: should I convert now, or will my money be worth more when I go abroad? Unless your trip is months away, the answer is that it probably will not make much of a difference. The major currencies tend to move +/- 1% in a given day, which is a relatively minor move unless you are changing thousands at a time. Experts agree that travelers will be best off looking for a place that will change money inexpensively. Below are some of your options. Exchanging Money at Home

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  • No Foreign Exchange Fee Credit Cards

    Apr 24, 2012 / 1:45pm

    No Foreign Exchange Fee Credit Cards

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