Historical Currency Exchange Rates

AAA

DEFINITION of 'Historical Currency Exchange Rates'

A collection of historical exchange rates that are used to provide traders with a historical reference to where a currency pair has traded in the past. Historical currency rates are used by many forex traders to help shed light on the direction of a given currency pair.

INVESTOPEDIA EXPLAINS 'Historical Currency Exchange Rates'

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 who is about to go on 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. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
  2. Daily Cut-Off

    In the forex market, a particular point in time specified by ...
  3. Interbank Market

    The financial system and trading of currencies among banks and ...
  4. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  5. Online Currency Exchange

    An online system for exchanging one country's currency for another. ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
Related Articles
  1. The Fundamentals Of Forex Fundamentals
    Forex Education

    The Fundamentals Of Forex Fundamentals

  2. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  3. Getting Started In Foreign Exchange ...
    Forex Education

    Getting Started In Foreign Exchange ...

  4. Getting Started In Forex Options
    Options & Futures

    Getting Started In Forex Options

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center