OANDA
Oanda has a powerful currency conversion calculator that offers more than 160 currencies (plus a few metals).
Oanda have taken the smart choice of allowing users to choose their language, since it stands to reason that if you want to deal in international currency, then there is a chance that your first language may not be English.
This site has been offering online currency services for a long time. They were publishing exchange rates on the world wide web in 1995 – which is remarkable in and of itself. Over the years the services offered by Oanda have grown to include: Training – how to trade forex; Trading – physically trade forex; Data, information services, forex history charts – all the data you need as a spot market trader to make the right decisions.
Converting currencies using the Oanda currency converter is very simple:
If there is a specific amount that you want to convert from one currency to another then you can start by entering the amount in the box on the top left called “Convert amount”. You have to enter any amount to be converted without entering that currency's symbol – e.g. You cannot enter $400 as an amount. Entering $400 will result in an error, but entering 400 is fine.
You do not have to select an amount to convert if you just want to see the exchange rate. Even if you do want to convert a specific amount you can select to do so at a later stage if you just want to see the rate of exchange first.
To perform a simple conversion you choose a start currency, such as the American dollar, or USD to give it its international currency 3 letter code, from the left selection box. Then you choose the destination currency, e.g. the Japanese Yen (JPY) in the right selection box and click on the button below that says “convert now”.
The results page give you the current real-time exchange/ cross rates: i.e. In this example they give you a $1 USD = X JPY and 1 JPY = X USD
Beneath the Median/ max and minimum Bid/ Ask spreads for the currencies is a “get exchange rates with amount” box. This allows you to convert a specific volume of currency. Oanda does not discriminate: you just put a figure in this box (without any currency symbol) and it will convert that amount of each currency into the other currency for you.
E.g. If you type in 1257 into the box, it will return $1257 USD = X JPY and 1257 JPY = X USD
The vast number of world currencies that you can convert from and to include the Azerbaijan Manat (both old and new), but does not include the Tajikistan Somoni.
The site claims to list 3 precious metals, but I counted at least 4 – Gold, Silver, Palladium and Platinum.
Oanda estimate that 20% of the global online spot and forex trading take place on its servers. All in all it is an impressively featured site and highly useful conversion tool.
Rating (out of 5 stars):
- 4 Stars
Link: http://www.oanda.com/convert/classic