Currency Converter Calculator

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AFN Afghanistan, Afghanis
ALL Albania, Leke
DZD Algeria, Dinars
USD America (United States of America), Dollars
USD American Samoa, United States Dollars
USD American Virgin Islands, United States Dollars
EUR Andorra, Euro
AOA Angola, Kwanza
XCD Anguilla, East Caribbean Dollars
XCD Antigua and Barbuda, East Caribbean Dollars
ARS Argentina, Pesos
AMD Armenia, Drams
AWG Aruba, Guilders (also called Florins)
AUD Australia, Dollars
EUR Austria, Euro
AZN Azerbaijan, New Manats
EUR Azores, Euro
BSD Bahamas, Dollars
BHD Bahrain, Dinars
EUR Baleares (Balearic Islands), Euro
BDT Bangladesh, Taka
BBD Barbados, Dollars
XCD Barbuda and Antigua, East Caribbean Dollars
BYR Belarus, Rubles
EUR Belgium, Euro
BZD Belize, Dollars
XOF Benin, Communauté Financière Africaine Francs (BCEAO)
BMD Bermuda, Dollars
BTN Bhutan, Ngultrum
INR Bhutan, India Rupees
BOB Bolivia, Bolivianos
ANG Bonaire, Netherlands Antilles Guilders (also called Florins)
BAM Bosnia and Herzegovina, Convertible Marka
BWP Botswana, Pulas
NOK Bouvet Island, Norway Kroner
BRL Brazil, Real
GBP Britain (United Kingdom), Pounds
USD British Indian Ocean Territory, United States Dollars
USD British Virgin Islands, United States Dollars
BND Brunei Darussalam, Dollars
BGN Bulgaria, Leva
XOF Burkina Faso, Communauté Financière Africaine Francs (BCEAO)
MMK Burma (Myanmar), Kyats
BIF Burundi, Francs
XOF Côte D’Ivoire, Communauté Financière Africaine Francs (BCEAO)
USD Caicos and Turks Islands, United States Dollars
KHR Cambodia, Riels
XAF Cameroon, Communauté Financière Africaine Francs (BEAC)
CAD Canada, Dollars
EUR Canary Islands, Euro
CVE Cape Verde, Escudos
KYD Cayman Islands, Dollars
XAF Central African Republic, Communauté Financière Africaine Francs (BEAC)
XAF Chad, Communauté Financière Africaine Francs (BEAC)
CLP Chile, Pesos
CNY China, Yuan Renminbi
AUD Christmas Island, Australia Dollars
AUD Cocos (Keeling) Islands, Australia Dollars
COP Colombia, Pesos
XAF Communauté Financière Africaine (CFA), Francs
KMF Comoros, Francs
XPF Comptoirs Français du Pacifique (CFP), Francs
XAF Congo/Brazzaville, Communauté Financière Africaine Francs (BEAC)
CDF Congo/Kinshasa, Francs
NZD Cook Islands, New Zealand Dollars
CRC Costa Rica, Colones
HRK Croatia, Kuna
CUP Cuba, Pesos
ANG Curaço, Netherlands Antilles Guilders (also called Florins)
EUR Cyprus, Euro
CYP Cyprus, Pounds (expires 2008-Jan-31)
CZK Czech Republic, Koruny
DKK Denmark, Kroner
DJF Djibouti, Francs
XCD Dominica, East Caribbean Dollars
DOP Dominican Republic, Pesos
EUR Dutch (Netherlands) Euro
XCD East Caribbean Dollars
IDR East Timor, Indonesia Rupiahs
USD Ecuador, United States Dollars
EGP Egypt, Pounds
EUR Eire (Ireland), Euro
SVC El Salvador, Colones
USD El Salvador, United States Dollars
GBP England (United Kingdom), Pounds
XAF Equatorial Guinea, Communauté Financière Africaine Francs (BEAC)
ETB Eritrea, Ethiopia Birr
ERN Eritrea, Nakfa
EEK Estonia, Krooni
ETB Ethiopia, Birr
EUR Euro Member Countries, Euro
FKP Falkland Islands (Malvinas), Pounds
DKK Faroe Islands, Denmark Kroner
FJD Fiji, Dollars
EUR Finland, Euro
EUR France, Euro
EUR French Guiana, Euro
XPF French Pacific Islands (French Polynesia), Comptoirs Français du Pacifique Francs
XPF French Polynesia (French Pacific Islands), Comptoirs Français du Pacifique Francs
EUR French Southern Territories, Euro
XPF Futuna and Wallis Islands, Comptoirs Français du Pacifique Francs
XAF Gabon, Communauté Financière Africaine Francs (BEAC)
GMD Gambia, Dalasi
GEL Georgia, Lari
EUR Germany, Euro
GHS Ghana, Cedis
GIP Gibraltar, Pounds
XAU Gold, Ounces
GBP Great Britain (United Kingdom), Pounds
EUR Greece, Euro
DKK Greenland, Denmark Kroner
XCD Grenada, East Caribbean Dollars
XCD Grenadines (The) and Saint Vincent, East Caribbean Dollars
EUR Guadeloupe, Euro
USD Guam, United States Dollars
GTQ Guatemala, Quetzales
GGP Guernsey, Pounds
GNF Guinea, Francs
XOF Guinea-Bissau, Communauté Financière Africaine Francs (BCEAO)
GYD Guyana, Dollars
HTG Haiti, Gourdes
USD Haiti, United States Dollars
AUD Heard Island and McDonald Islands, Australia Dollars
BAM Herzegovina and Bosnia, Convertible Marka
EUR Holland (Netherlands), Euro
EUR Holy See, (Vatican City), Euro
HNL Honduras, Lempiras
HKD Hong Kong, Dollars
HUF Hungary, Forint
ISK Iceland, Kronur
INR India, Rupees
IDR Indonesia, Rupiahs
XDR International Monetary Fund (IMF), Special Drawing Rights
IRR Iran, Rials
IQD Iraq, Dinars
EUR Ireland (Eire), Euro
IMP Isle of Man, Pounds
ILS Israel, New Shekels
EUR Italy, Euro
JMD Jamaica, Dollars
NOK Jan Mayen and Svalbard, Norway Kroner
JPY Japan, Yen
JEP Jersey, Pounds
JOD Jordan, Dinars
KZT Kazakhstan, Tenge
AUD Keeling (Cocos) Islands, Australia Dollars
KES Kenya, Shillings
AUD Kiribati, Australia Dollars
KPW Korea (North), Won
KRW Korea (South), Won
KWD Kuwait, Dinars
KGS Kyrgyzstan, Soms
LAK Laos, Kips
LVL Latvia, Lati
LBP Lebanon, Pounds
LSL Lesotho, Maloti
ZAR Lesotho, South Africa Rand
LRD Liberia, Dollars
LYD Libya, Dinars
CHF Liechtenstein, Switzerland Francs
LTL Lithuania, Litai
EUR Luxembourg, Euro
MOP Macau, Patacas
MKD Macedonia, Denars
MGA Madagascar, Ariary
EUR Madeira Islands, Euro
MWK Malawi, Kwachas
MYR Malaysia, Ringgits
MVR Maldives (Maldive Islands), Rufiyaa
XOF Mali, Communauté Financière Africaine Francs (BCEAO)
EUR Malta, Euro
MTL Malta, Liri (expires 2008-Jan-31)
FKP Malvinas (Falkland Islands), Pounds
USD Mariana Islands (Northern), United States Dollars
USD Marshall Islands, United States Dollars
EUR Martinique, Euro
MRO Mauritania, Ouguiyas
MUR Mauritius, Rupees
EUR Mayotte, Euro
AUD McDonald Islands and Heard Island, Australia Dollars
MXN Mexico, Pesos
USD Micronesia (Federated States of), United States Dollars
USD Midway Islands, United States Dollars
EUR Miquelon and Saint Pierre, Euro
MDL Moldova, Lei
EUR Monaco, Euro
MNT Mongolia, Tugriks
EUR Montenegro, Euro
XCD Montserrat, East Caribbean Dollars
MAD Morocco, Dirhams
MZN Mozambique, Meticais
MMK Myanmar (Burma), Kyats
NAD Namibia, Dollars
ZAR Namibia, South Africa Rand
AUD Nauru, Australia Dollars
NPR Nepal, Rupees
ANG Netherlands Antilles, Guilders (also called Florins)
EUR Netherlands, Euro
XCD Nevis and Saint Kitts, East Caribbean Dollars
XPF New Caledonia, Comptoirs Français du Pacifique Francs
NZD New Zealand, Dollars
NIO Nicaragua, Cordobas
XOF Niger, Communauté Financière Africaine Francs (BCEAO)
NGN Nigeria, Nairas
NZD Niue, New Zealand Dollars
AUD Norfolk Island, Australia Dollars
USD Northern Mariana Islands, United States Dollars
NOK Norway, Kroner
OMR Oman, Rials
PKR Pakistan, Rupees
USD Palau, United States Dollars
XPD Palladium, Ounces
PAB Panama, Balboa
USD Panama, United States Dollars
PGK Papua New Guinea, Kina
PYG Paraguay, Guarani
PEN Peru, Nuevos Soles
PHP Philippines, Pesos
NZD Pitcairn Islands, New Zealand Dollars
XPT Platinum, Ounces
PLN Poland, Zlotych
EUR Portugal, Euro
STD Principe and São Tome, Dobras
USD Puerto Rico, United States Dollars
QAR Qatar, Rials
EUR Réunion, Euro
RON Romania, New Lei
RUB Russia, Rubles
RWF Rwanda, Francs
STD São Tome and Principe, Dobras
ANG Saba, Netherlands Antilles Guilders (also called Florins)
MAD Sahara (Western), Morocco Dirhams
XCD Saint Christopher, East Caribbean Dollars
SHP Saint Helena, Pounds
XCD Saint Kitts and Nevis, East Caribbean Dollars
XCD Saint Lucia, East Caribbean Dollars
EUR Saint Pierre and Miquelon, Euro
XCD Saint Vincent and The Grenadines, East Caribbean Dollars
EUR Saint-Martin, Euro
USD Samoa (American), United States Dollars
WST Samoa, Tala
EUR San Marino, Euro
SAR Saudi Arabia, Riyals
SPL Seborga, Luigini
XOF Senegal, Communauté Financière Africaine Francs (BCEAO)
RSD Serbia, Dinars
SCR Seychelles, Rupees
SLL Sierra Leone, Leones
XAG Silver, Ounces
SGD Singapore, Dollars
ANG Sint Eustatius, Netherlands Antilles Guilders (also called Florins)
ANG Sint Maarten, Netherlands Antilles Guilders (also called Florins)
EUR Slovakia, Euro
EUR Slovenia, Euro
SBD Solomon Islands, Dollars
SOS Somalia, Shillings
ZAR South Africa, Rand
GBP South Georgia, United Kingdom Pounds
GBP South Sandwich Islands, United Kingdom Pounds
EUR Spain, Euro
XDR Special Drawing Rights
LKR Sri Lanka, Rupees
SDG Sudan, Pounds
SRD Suriname, Dollars
NOK Svalbard and Jan Mayen, Norway Kroner
SZL Swaziland, Emalangeni
SEK Sweden, Kronor
CHF Switzerland, Francs
SYP Syria, Pounds
TWD Taiwan, New Dollars
RUB Tajikistan, Russia Rubles
TJS Tajikistan, Somoni
TZS Tanzania, Shillings
THB Thailand, Baht
IDR Timor (East), Indonesia Rupiahs
TTD Tobago and Trinidad, Dollars
XOF Togo, Communauté Financière Africaine Francs (BCEAO)
NZD Tokelau, New Zealand Dollars
TOP Tonga, Pa’anga
TTD Trinidad and Tobago, Dollars
TND Tunisia, Dinars
TRY Turkey, Lira
TMM Turkmenistan, Manats
USD Turks and Caicos Islands, United States Dollars
TVD Tuvalu, Tuvalu Dollars
UGX Uganda, Shillings
UAH Ukraine, Hryvnia
AED United Arab Emirates, Dirhams
GBP United Kingdom, Pounds
USD United States Minor Outlying Islands, United States Dollars
USD United States of America, Dollars
UYU Uruguay, Pesos
USD US Virgin Islands, United States Dollars
UZS Uzbekistan, Sums
VUV Vanuatu, Vatu
EUR Vatican City (The Holy See), Euro
VEB Venezuela, Bolivares (expires 2008-Jun-30)
VEF Venezuela, Bolivares Fuertes
VND Viet Nam, Dong
USD Virgin Islands (American), United States Dollars
USD Virgin Islands (British), United States Dollars
USD Wake Island, United States Dollars
XPF Wallis and Futuna Islands, Comptoirs Français du Pacifique Francs
MAD Western Sahara, Morocco Dirhams
YER Yemen, Rials
ZMK Zambia, Kwacha
ZWD Zimbabwe, Zimbabwe Dollars

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Success in FOREX

In ending, you are in control of your trades, and you need to try new strategies and keep on learning. The more strategies you have, the more you are able to adapt to the ever changing market. You can turn a hundred dollars into thousands of dollars if you have the right strategies and know what you are doing. Your strategy is the approach you are going to take, how you are going to deal with your risks and the currencies you would be trading in.

To be successful at Forex trading, you need to understand the game and play it according to rules that will earn you the most profit. You need to focus on popular currencies and trade within your capital, pick the best time to trade and master your emotions. With a good strategy, you would control risks and minimize your loses. If you focus on a few currencies, you will perform better because you are able to strategize better, and remember, do not seek trade advice from forums and blogs. Use your stop orders! And you will keep your profits! Follow these tips and you will profit from foreign currency trading.

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FOREX Stop Loss Orders

It is wishful thinking when you are hoping the market will turn in your favor. When you move a stop loss further you increase your chances of taking in big losses. You should move your stops loss order only in the direction of your position and lock in your profits, because markets can change very rapidly and you would not be able to close in time to take a reasonable profit. Stop loss orders also allow you the freedom of not having to be tied to your computer all the time. Foreign currency trading requires diligence and patience, and to be successful, you must maximize your profits while at the same time avoiding the odds.

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Beware of Forums Chatrooms and Blogs

Do not use ideas from sources that have no track record. Be careful on using trade ideas from groups or individuals in online trading forums, chatrooms and blogs. Keep in mind, it is your hard earned money on the line here, and to be successful in trading, you need to use your own proven strategies. Following trade ideas from non-reputable sources is similar to buying non major currencies at random without conducting any research whatsoever; it is a big gamble, one that could wipe out your trading account. Additionally, avoid using trading robots or any other software until you fully understand the basics of doing it on your own. Your goal should be to create new strategies and discard those that do not work.

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Focus on Fewer Currencies

To trade like a pro you need to understand the logic, economics, and dynamics of how to trade successfully. In other words, trading in too many markets will distract you from the basics. You should focus on one or two currency pairs, this would allow you to better understand how they behave; you will be able to know the volatility levels and the daily range to expect on different days. By the same logic, do not put all your eggs in one basket. Imagine your capital was divided into 50 equal parts; you can not lose more than 2% on an individual trade. Further imagine that you loss 5 times in a row, you still 45 opportunities for a winning trade. Putting all your money in one trade is bad business.

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Manage Risk and Minimize Losses

In Forex trading, loses come with the territory, for that reason, a learner must trade small, by trading in small amounts, you are able to minimize and manage your risks. Your goal as a new trader should be: To be able make back to back wining trades with little or no loses. This would be exceptionally useful if you decide to move into larger trades. To clarify, ‘minimizing risks’ and not taking risks are two different notions; take calculated smart risks and not foolish ones. Once you have a well refined strategy, you should be able to assess whether or not ‘a risk’ is worth taking. Risk is part of the trade; you have to take it. A good risk is well thought out; a bad risk is without thought.

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Work with a Reliable Strategy

You need a strategy in order to properly execute your trades; you must track movements and fluctuations and strategize accordingly. After a long time of testing different strategies, you should be able to arrive at a method that works best for you. If the results are good then your strategy is solid. If the results are bad, then you need to change strategy. A good strategist will watch all relevant trades from start to finish.

If you decide to get into short term trades (scalping), you need to make sure you have done all research that is necessary of you before you begin trading. You should use a method that you developed, and if using someone else’s; make sure you fully understand it, and stay away from complicated software that takes forever learn; there are many easy ones out there that you can learn to use in little or no time.

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Don’t Trade Based on Emotion

To be successful in Forex trading, you must be emotionally detached from your trades. Do not try to hold on to a weakened position with the hopes that you will regain your losses, this is an exceptionally bad move because you will end up losing all your capital; move on to the next trade and accept your losses. As a novice trader you need to master your emotions because it will push you to make the wrong choices. With total control comes discipline, do not give up before you are able to produce fruitful results, like with any other prospect, the time you devote to learning the strings will pay off; don’t let your emotions and frustrations override your clear judgment.

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Choose the Best Time to Trade

Forex is open 24 hours day; which enables investors to have non-stop access to markets; choosing the right time to trade will maximize your opportunities. According to the U.S. Eastern Time: Sydney is open from 5pm to 2am, the New York market is open from 8am to 5pm, Tokyo opens at 7pm and closes at 4:00am and London opens at 3:00am and closes at 12:00pm.

Forex is open 24 hours a day, but that does not necessarily mean it is active through out the day, nonetheless, you can make profitable trades regardless of whether the market moves upward or downward; however, it would be difficult to make money when it is not moving at all. The three major trading sessions are the U.S session, the Tokyo session and the London session, the point here is that between each of these three main sessions, there are times when two sessions are open at the same time, for example, from 3am to 4am eastern time, Tokyo and London are both open, and from 8pm to 12 pm eastern London and U.S are both active; using these times, you are in a much better position to trade successfully.

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Trade Within your Capital

When trading on Forex, you need to keep in mind that winning and losing are sides of the same coin; it is in your interest to invest wisely. Your investment funds should come from excess money in your savings, and you must trade only with these funds. Proper money management is trading wisely, if you manage your money wisely, you will profit from your trades. Putting all your savings into a trading account is an unwise thing to do; furthermore, putting all the funds in your trading account into a trade is equally unwise. To be successful in Forex trading, you must manage your capital and trades prudently; the use of small margins will help you to keep a tab on things.

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Trade on Popular Currencies

As a beginner you should focus on popular currencies and avoid thin markets because the lack of public participation will make it hard to liquidate your positions. In a thin market, price is very instable and unpredictable; stick to the major currencies, these are: USD/GBD, USD/EUR, USD/JPY, USD/CHF, and EUR/JPY. Try not to trade in too many currencies at once; it could be confusing and hard to keep track of.

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