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3/16/2010 9:03:51 PM

USD - US Dollar

Country:United States of America
Region:North America
Sub-Unit:1 Dollar = 100 cents
Symbol:$, US$
USD - US Dollar Currency

The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. It's known locally as a buck or greenback.

EUR - Euro

Country:Eurozone
Region:Europe
Sub-Unit:1 Euro = 100 cents
Symbol:€
EUR - Euro Currency

*The Eurozone consists of Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, and Spain, Cyprus and Malta. The Euro was introduced in 2002.

Why Can't I Get The Exchange Rate You Show From My Broker?

Good question.
The exchange rates that we show are the rates that the big banks give to your broker. It is then up to your broker to decide what exchange rate they pass on to the customer. Obviously, the closer the exchange rate to the one that we display then the less profit is made by the broker. The bigger the difference then the bigger the profit to the broker - that's how they make their living!
So, what you need to do, is find a broker that will give you an exchange rate as close to the one we display as possible.

To save you time, here's a bit of inside information that we've gleaned from experience:

Best rate for buying Euros
Best rate for buying Australian Dollars

If you don't get the best rate from any of these brokers then let us know. If you know of a better broker then contact us at contact@themoneyconverter.com