iccfx

ICCFX has almost 300 different currencies, trading regions' scripts or metals.

Iccfx is simple enough to be used to calculate a normal exchange transaction (e.g. how many Euro could I expect to get to the pound when traveling to Ireland? Etc.) but the site is so much more than that.

It is a small suite of tools for the forex/ spot market trader.

Historical data can be called-up in graph form. Unfortunately the graph has neither X or Y data listed on its axes. The trend is clearly visible as a  line graph (of course), but the key information that you would need to be able to see: i.e. When the exchange rate was at a specific value, would not be something that you could read from the graph.

As well as this, the raw data used to calculate this graph is not displayed, as it is on many other sites. This means that you cannot just cut and paste the data in to a spreadsheet and make your own graph with the same figures (so that you can read the details using the axes).

The Daily Currency Table displays 20 currencies at a time (to stop it just being endless clutter). For several cross rates historical data is available from this table by clicking in the History column. If none is available, it says n/a in the history column.

Iccfx displays the flag of the country (or territory) in question; the currency's full name, the 3 letter currency code (e.g. “GBP” for Pounds Sterling); and the cross rates e.g. GBP to USD and USD to GBP so that you can see how a trade would look either direction.

One of the big things about this forex site though is its WAP functionality. You can have access to forex data on your mobile phone: i.e. You can look-up currency cross rates on your mobile when you're away from your computer.

The function is available without any annoying advertising, and comprises of just 3 steps to making the conversion.

This kind of thing will become less useful as 3G (and the more advanced protocols) becomes more wide-spread as a cell phone “modus operandi” of choice, but it is still useful.

Converting currency is very straight-forward. The page is a little busy, but the currency converter is near the top, above the table of cross rates.

Each currency is listed with their country and currency name, along with their 3 letter international currency code.

The converter is easy to use, but it is set-up the opposite way round from almost every other calculator. You start by entering the currency you wish to convert “to”, rather than the currency you wish to convert “from”. E.g. if you were converting from USD to GBP you would start by entering GBP in the first box marked “I need the value in”.

The next step is to choose the quantity of source currency. You enter it in the box marked “for”. E.g. If you were converting $186 USD into GBP then this is the box where you would enter the number 186.

Finally select the destination currency from the last remaining drop-down list and click on convert.

The results display conversions in both directions. I.e. £186 GBP in USD and $186 USD in GBP. Unfortunately it does not publish the rates used to calculate these results

The site is available in Dutch or English.

There is a lot going on on the site, but some of the components let it down a little. It still deserves at least 3 stars though.

Rating (out of 5 stars):

- 3 Stars

Link: http://www.iccfx.com

 

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