Why do you need to know the exchange rate?

There are different states that issue their money, so there are different currencies.

There are different states that issue their money, so there are different currencies. If the means of payment were only silver or gold, as in past centuries, then the currency would differ only in form, weight and the image printed on it. But the money is completely different and therefore the exchange rates on the site depend on international trade and politics. Continue reading →