A floating currency exchange rate is affected by international supply and demand. Ex: If demand for Euros exceeds supply then the value of the specific currency will go up and vice versa. Trillions...
1) Trade (exports/imports) 2) Interest Rates - increasing the interest rate causes 'hot' money to flow into the economy, therefore the demand the domestic currency increases, therefore the currency...
The foreign exchange market is the made up of 2 components. First the Spot rate. This is the exchange rate at the present time. The spot rate on FX changes every second and is constantly updating....
Yes, foreign exchange rates are 100% accurate all the time. In other countries, such as Philippines...they have this so called block market and you could get better rates.