How Do You Know You’ve Found the Best Currency Converter?

Posted by Allison on 11 May 2012, 14:34

We all have the need to convert currencies from time to time. The good news is that the internet is packed full of converters that will do this job for you. A money converter can be found on all kinds of websites, from holiday booking sites to financial sites and many more in between.

So what you’ll find when you start looking for these converters is that some are more appealing than others. On some occasions you might come across one that looks straightforward but actually seems rather confusing when you take a closer look. One thing you’ll sometimes see is that some converters offer you the chance to select from various interbank rates. These are normally plus or minus a certain percentage rate. So for example the credit card rate could be around 3% higher than the typical interbank rate.

But of course you may not want that. You may not want to know all the possibilities for those rates. If you just want something really straightforward it makes sense to find a simple converter that does the hard work for you and doesn’t offer these possibilities.

We all have our own favourites in the currency converter stakes. You might head over to a particular site because their converter is simple, straightforward and requires no instructions at all. Meanwhile I might head off in the opposite direction because I’ve found another converter I like better. There really isn’t any problem with that as there are so many options to consider. All you have to do is to try a few and see which one appeals to you the most. You can then bookmark it to make sure you know where it is if you want to go back and use it again.

One thing you’ll notice a few sites do with regard to converters is that they have a drop down section where you can choose your exchange currencies. Some opt for alphabetical order, but this can be frustrating if you want none but the most familiar currencies to use all the time. For example these could include the US dollar, the Hong Kong dollar, the Euro and other similar ones. If you find you use these more than any others you need to find a converter that gives you the most popular options right at the top. This way you don’t need to do lots of scrolling down to find the right currency all the time. It’s worth remembering though that in most cases, if you find a converter you like but it has everything in alphabetical order, you can key in the initial letter of the one you want to find it.

So you can see that the best way to find what you want is to locate it online and to try it out before settling for it. You might even try a few and see whether one is much better than another before making that all important final decision. In the end you’ll find one you like and never go looking for another.