FOREX EURO DOLLAR

Forex trades, commonly known as foreign exchanges, involve selling one currency in order to buy another, either at the current (or "spot") rate or at a previously negotiated exchange rate. The most frequent exchanges are made between the euro ( ), the common currency shared by 18 eurozone member countries, and the US dollar. When you need to make a euro-dollar forex transfer, it is best to check the exchange offered by several different institutions. When transferring smaller amounts of money, minor differences in the exchange rate may not make a difference, but finding the most advantageous rates can save a considerable amount of money on higher-value transfers. The places to go to get the best exchange rates for the euro-dollar pair are comparison websites like fxcompared.com. These sites will pull together offers from a number of money transfer providers in order to compare forex rates.