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What are the currency converters for?
#1
A currency converter offers information in real time of the current exchange rate of the market, so that the result obtained offers us the value of one currency with respect to another currency.

It provides the market value of the exchange rates, that is, the intermediate between the purchase and the sale. It is very important to keep this in mind, because when we change our currency to the bank or to an exchange agent if we want to change currency A to currency B, they will offer us a higher exchange rate of the other currency (they make the price of the other currency) than if we want to do the opposite operation. The difference between the purchase price and the sale price is known as differential or spread, which is the commission that exchange agents take to exchange one currency for another.
For example if you want to convert new zealand currency, you need a convert

The market value of currencies is very useful for:
  • Estimate the value of goods or services in another currency
  • Basic accounting and billing
  • Preparation of financial plans and reports
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