Whois & Analysis for freecurrencyrates.com

An electronic calculator is a small, portable electronic device used to perform operations ranging from basic arithmetic to complex mathematics.

A currency (from, "in circulation", from) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation.

Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency.

These various currencies are recognized stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies.

Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

Digital currency or digital money is distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.

Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect.

Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.

In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, ER, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another.

It is also regarded as the value of one country’s currency in relation to another currency.

For example, an interbank exchange rate of 119 Japanese yen (JPY, ¥) to the United States dollar (US$) means that ¥119 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥119.

In this case it is said that the price of a dollar in relation to yen is ¥119, or equivalently that the price of a yen in relation to dollars is $1/119.

A currency converter is software code that is designed to convert one currency into another in order to check its corresponding value.

The code is generally a part of a web site or it forms a mobile app and it is based on current market or bank exchange rates.