Currency History

DEFINITION of 'Currency History'

The historical values of a base currency in relation to the values of other foreign currencies. Historical currency exchange rates provide the day trader with a historical reference to where a currency pair has traded in relation the currency with which it is paired. The technical analyst relies heavily on interpreting historical information for predicting future price movement.

BREAKING DOWN 'Currency History'

Historical data for currency exchange rates is a valuable tool for those looking to convert their currencies. Whether for speculative reasons, as in the case of the retail forex day trader, or for the converter looking for physical delivery, as in the case of a person going on an international vacation, knowing what rate you are getting today compared to currency exchange rates of the past is a valuable planning tool.

Many retail forex brokers provide this information for free, but others charge a nominal fee for this data. Be sure to do your own research before deciding where to get your historical currency exchange rate data.

RELATED TERMS
  1. Historical Currency Exchange Rates

    A collection of historical exchange rates that are used to provide ...
  2. Currency Pairs

    Two currencies with exchange rates that are traded in the retail ...
  3. International Currency Exchange ...

    The rate at which two currencies in the market can be exchanged. ...
  4. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. Cross Currency

    A pair of currencies traded in forex that does not include the ...
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RELATED FAQS
  1. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
  2. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  3. How can I invest in a foreign exchange market?

    The foreign exchange market, also called the currency market or forex (FX), is the world's largest financial market, accounting ... Read Answer >>
  4. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  5. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  6. Why is currency always quoted in pairs?

    When reading currency quotes, you have probably noticed that there is only a single quote for a pair of currencies. Currency ... Read Answer >>
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