Currency Converter ALGO to GBP

What is Currency Exchange?

A currency exchange is when you convert a currency to another. Usually each country has its own currency and if for example you’re buying an item with a different currency or traveling to a country with a different currency than you, this would require an exchange of currencies where you sell your currency and buy another (this would usually require a conversion fee) through a financial institution.

What is the purpose of a currency converter?

A currency converter is a useful tool to quickly convert between different foreign currencies, for example Euros to US Dollars. Using our calculator will do a live currency conversion with the current exchange rates.

How to convert a currency to another?

If you are converting Euros to US Dollars, you would need to know the current exchange rate. Take for example the current value of 1.19 - this would mean that 1 Euro is equal to 1.19 US Dollars. This can be applied for any amount by just multiplying the conversion value. Moreover, you can convert it the other way around, ie US Dollars to Euro by inverting the conversion value: 1/1.19=0.84 which means that 1 US Dollar is equal to 0.84 Euro.

Where can I find forex historical data?

If you’re looking for historical forex exchange rates, you can find it in our market section, by clicking the desired symbol and scrolling down to the historical data link:

Our forex historical data includes open, high, low and close values as well as change in pips and percent. You could even narrow down your search using the included time fiter.