Convert from MGA to LYD
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Understanding the World's Financial Pulse
The foreign exchange market is a global decentralized network where trillions of dollars change hands daily. It's the largest and most liquid financial market in the world, operating 24 hours a day, five days a week.
Each currency tells a unique story of its nation's economic health, political stability, and global influence. From the mighty US Dollar to the emerging market currencies, these financial instruments shape international trade, investment flows, and the daily lives of billions.
Currency Pair Heatmap
Track currency strength and weakness across major pairs. Green indicates appreciation while red shows depreciation. The percentage change is measured from 5 PM IST yesterday to now.
| USD |  AUD |  CHF |  CNY |  CAD |  GBP |  JPY |  INR | EUR | |
|---|---|---|---|---|---|---|---|---|---|
| USD | 0.000 % | + 0.116 % | -0.233 % | + 0.072 % | -0.005 % | -0.083 % | -0.363 % | -0.090 % | -0.126 % |
| AUD | + 0.116 % | 0.000 % | -2.020 % | + 0.622 % | -0.042 % | -0.714 % | -3.145 % | -0.782 % | -1.089 % |
| CHF | -0.233 % | -0.495 % | 0.000 % | -0.308 % | + 0.021 % | + 0.353 % | + 1.557 % | + 0.387 % | + 0.539 % |
| CNY | + 0.072 % | + 1.607 % | -3.246 % | 0.000 % | -0.068 % | -1.147 % | -5.053 % | -1.256 % | -1.750 % |
| CAD | -0.005 % | -23.651 % | + 47.782 % | -14.719 % | 0.000 % | + 16.889 % | + 74.379 % | + 18.493 % | + 25.757 % |
| GBP | -0.083 % | -1.400 % | + 2.829 % | -0.872 % | + 0.059 % | 0.000 % | + 4.404 % | + 1.095 % | + 1.525 % |
| JPY | -0.363 % | -0.318 % | + 0.642 % | -0.198 % | + 0.013 % | + 0.227 % | 0.000 % | + 0.249 % | + 0.346 % |
| INR | -0.090 % | -1.279 % | + 2.584 % | -0.796 % | + 0.054 % | + 0.913 % | + 4.022 % | 0.000 % | + 1.393 % |
| EUR | -0.126 % | -0.918 % | + 1.855 % | -0.571 % | + 0.039 % | + 0.656 % | + 2.888 % | + 0.718 % | 0.000 % |
Currency News & Analysis
Avatar MGA launches with Lloyd’s coverholder and FCA approval
Avatar MGA secures Lloyd’s approval, begins binding US property risks
Itasca MGA in innovative deal
INSOLVENCY NOTICES: Winding Up Petitions – February 2025
People Moves: Specialist Aviation MGA Itasca Names John as CEO, Succeeding Zolotusky; DUAL Group Appoints Allianz's Sayce as Group Head of Emerging Products
New HIV cases in Western Visayas reach 257
Sure Thing Insurance to Launch MGA -
Bermuda company backs aircraft purchases
Nexus Completes Acquisition of Hiscox MGA Marine Business
Full List Of African Countries, Currencies
Frequently Asked Questions
Get answers to common questions about currency exchange and trading
What factors influence exchange rates?
Exchange rates are influenced by multiple factors including interest rates, inflation, political stability, economic performance, government debt, and terms of trade. Central bank decisions and geopolitical events can also have significant impacts on currency values.
What is the spread in currency trading?
The spread is the difference between the buying (ask) and selling (bid) price of a currency pair. It represents the cost of trading and is how many brokers make their money. Typically, more liquid currency pairs have lower spreads.
When is the forex market open?
The forex market is open 24 hours a day, five days a week. Trading begins in Sydney, then moves to Tokyo, London, and New York. The most active trading periods are when multiple major markets overlap.
What is leverage in forex trading?
Leverage allows traders to control a large position with a small amount of capital. For example, 50:1 leverage means you can control $50,000 with $1,000. While leverage can amplify profits, it also increases potential losses.
How do I read currency pairs?
Currency pairs show how much of the quote currency (second currency) is needed to purchase one unit of the base currency (first currency). For example, in EUR/USD, EUR is the base currency and USD is the quote currency.
What is technical analysis?
Technical analysis involves studying price charts and using statistical indicators to determine future currency movements. Common tools include moving averages, relative strength index (RSI), and Fibonacci retracements.