Not yet registered? Create a OverBlog!

Create my blog

A history of the exchange rate of the Sterling to the Dollar

Exchange rates are not very dependable. They fluctuate all the time and can have a direct impact on people. This article, will provide a brief history on the exchange rate of the pound sterling and the United States American dollar. All the prices cited in this article are valid as at 01.08.2011.

Exchange rates

A definition The exchange rate is defined as the price of one country's currency expressed in another country's currency. In other words, it is the rate at which one currency can be exchanged for another currency. For example, the higher the exchange rate of one pound for the dollar, the lower the relative value of the dollar. Currency trading People make a profession out of buying and selling money on the Internet. They buy currency in the hope that the rate or the value will increase hence, allowing them to make a profit. There are many online currency markets where you can do this safely. However, make sure that you always check the credentials. Such global currency markets would include fx market (forex), fx currency and fx online.

The sterling and the dollar

A history exchanged: Sterling to the dollar In the past two years, from 2009 to present day, the pound sterling has constantly been smaller in value than the American dollar, according to Exchangerates.org.uk. Due to the economic crisis in Europe, the current value of the pound is currently inferior to the dollar at a rate of 1.625 dollars (Dollars@pounds.com). There are many online graphs that will display the exchange rate history of the pound sterling and the American dollar, over the past decade. If you want the best rates, then you must always shop around and wait for changes in your desired currency's value. The exchange rate is always fluctuating and the history of the pound to the dollar, always changes with economic factors such as exports and imports, recessions, economic booms, etc. Political influence can also change the exchange rate. Online calculators There are online calculators to help you to calculate your desired rate of currency and to assist you if you decide to buy currency. These rates change everyday. If you are thinking of investing in forex company, always seek professional advice. It is recommended to always consult professional currency predictions as well.

Same category articles Stock exchange

How to day trade stocks

How to day trade stocks

If you buy and sell stocks within a single day, it is called day trading. It is a money making strategy used by many investors to make short term profits on the stock market. It is more of a risk taking investing business than gambling and is usually used by more experienced investors.
How to read a stock chart?

How to read a stock chart?

This article teaches you how to interpret a stock chart. It explores the stages, trends and patterns of a stock chart as well as the ways to analyse them. Finally, this article also proposes some trading tips.
All about: Gold investments

All about: Gold investments

This article gives a snapshot of the international trade in gold that has seen tremendous growth in recent times as the world struggles to overcome the effects of the global economic crisis.
Australian super: Pros and cons

Australian super: Pros and cons

As the Australian population ages, more and more people are thinking about how they are going to pay for their twilight years. Retirement villages are expensive and most people do not want to end up being a burden on their family members. Because of this, many Australians sign up with the Australian superannuation program.