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Executing a trade late in providers to bring you the latest and most accurate prices including Business Insider, Investopedia, Washington Post, and CoinDesk.

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Currency conversion
The currency converter uses ECB reference exchange rates (source dataset "EXR") and all exchange rates provided by Bloomberg (source dataset "FX"). Convert your USD or EURO money into foreign currencies � 1 USD � EUR. OANDA's Currency Converter allows you to check the latest foreign exchange average bid/ask rates and convert all major world currencies.

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Before fiat money existed, currencies were usually backed by a commodity such as gold or silver. The forex is a global, decentralized, over-the-counter market for the trading of currencies. Modern technology utilizes sophisticated currency exchange mechanisms and systems to exchange currencies between digital accounts rather than physically. Major currencies in the world today take on the physical form of paper bills or coins which are easily carried on a person, but most of a person's currency is typically stored in digital accounts.

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