One of the two main methods of conversion uses market exchange rates—the rate prevailing in the foreign exchange market (using either the rate at the end of the period or an average over the period).

A residual impact of raising or decreasing interest rates is that the currency value will become stronger or weaker, and downstream impacts on global exchange rates occur. Let’s take a look at ...

Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.