A currency converter converts one currency into another. Usually, it bases its calculations on the exchange rates of the inter bank market. There are many websites and mobile apps with in-built software code that can convert one currency into another. currency rates exchange
To convert from one currency to another, you enter the amount you want to convert (for example, 500). After that, you select the currency for the amount you want to convert (for example, “US dollars”). Next, pick one or more currencies for which you want to view the results. The software does the rest of the currency conversion.
Currency converters usually work real-time. They update the currency exchange rates as the values of currencies change. In currency converting, it is, however, essential that you feed the right details to obtain the correct result.