The value of the naira in the Nigerian Foreign Exchange Market (NFEM) and also the black market was mixed despite high hopes ...

“Arguably the interest rate in a country is the biggest driver of currency exchange rates,” says Clive Ponsonby, former forex trader at J.P.Morgan and author of Currency View, a monthly ...

The value of the naira has appreciated again against the US dollar in both the official and black markets, as the IMF ...

On a day when currency markets suggest $100 should buy you €93, a currency exchange desk might hand you just €81, while a more modern method would net you a rate closer to €92, assuming you ...

Historical exchange rates can also be used to forecast future exchange rates and make informed decisions about currency trades. This data informs economists, investors and financial professionals.

Forex trading is the act of buying one national currency while selling another. The exchange rate for these currencies is constantly changing due to supply and demand.

Currency futures are a fascinating financial instrument that allows traders to lock in exchange rates for currencies at a predetermined date. Unlike the often unpredictable nature of forex trading ...

Pegging a currency reduces exchange rate risk for businesses involved in international trade, and doing so at a high level of devaluation can make a country’s goods artificially cheap, which can ...

The reality is that airport kiosks tend to have outlandishly unfavorable rates. You could be hit with a $5 to $15 fee on top of an exchange rate that’s 10 to 15 percentage points more expensive.