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02.03.2014 admin
OANDA Rates™ are the touchstone foreign exchange rates used by corporations, tax authorities, auditing firms, and financial institutions. Compare rates for 26 major currencies, and update them interactively using any currency as a base. Calculate weekly, monthly, quarterly, or yearly average exchange rates for any time period, for one currency or many currencies.
This popular online currency site has now created a simple to use mobile phone app that allows you to check the exchange rate for over 190 currencies and four metals. The app has a very simple and easy to use interface, when you open the app you are presented with a screen that allows you to choose the two currencies you want to get the exchange rates for. When you have chosen the currencies you want to see then you have the option to choose an commission rate so you can calculate how much your going to pay for your currency.


So the app may not do a lot other than convert your Pounds to Panamanian Balbou or Euros to Ecuador Sucre but it will be pretty handy when you are on your holidays and you want to make sure that little currency kiosk is giving you a decent rate.
These daily filtered rates are based on information supplied by leading market data contributors. Oanda is a no-frills currency converter that does only that.There’s a large selection of currencies available (we even found the Macau pataca!
These interest rates include 2% which is a typical cash machine withdrawal rate, 3% credit card rate and a 5% rate which is a typical kiosk rate. I also love that I can check the rate I am getting is decent so I will have more money to spend on souvenirs – result!
Many of these tools allow you to view interbank rates, or add on a percentage for a more accurate assessment of the exchange rate you are being charged.


A singular currency swap button also simplifies things.What also makes Oanda a standout is that it can calculate typical interbank rates, standard ATM rates and typical credit card rates (transaction fee included) making it possibly more accurate in the long run. It is about as solid as Exchange Rates is for Android, which can notably compare multiple currencies against each other in one go.However, the selection of rates and ease of use makes Oanda worth a try.



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