Forex Currency Rates
How to get the current price of a particular currency from the forex chart?
In the forex websites, a online chart is being shown, which describes the up and down of the rates of different currencies, such as EUR/USD, USD/JPY etc. But how can I know the exact current market rate of a particular currency by seeing these chats?
Suppose, a chart is showing as below:-
Current Pair Last Bid Offer Change High Low Time
EUR/USD 1.3595 1.3594 1.3596 ^ 1.3603 1.3592 5:35:28AM
Now, I want to get the converted value from USD to INR from the above chart? How can I get that?
The table above showed you the exchange rate for EUR/USD at the exact moment you made the inquiry (5:35:28AM). Depending on the FOREX site you use, the rates can be update anywhere from “every minute” to “every 15 minutes”.
That said, that table that you’re using as an example may not the the best one to answer your question.
If you go to http://www.xe.com/ and look at the “Quick Cross Rates” Table you’ll find a table with pairs of currencies (including INR) which would show both the exchange rate from the INR to another currency and from the other currency to the INR… but, once again, only at the exact moment that you look at the table.
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