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"CurrencyXT" is a simple yet powerful currency converter app that provide real time exchange rate and rate alerts, no sign in required and protect your privacy. Features: * A real time currency converter with polished, simple and elegant interface design. * 160+ currencies from around the world.

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A fixed exchange rate is a regime applied by a government or central bank that ties the country's official currency exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

A fixed or pegged rate is determined by the government through its central bank. The rate is set against another major world currency (such as the U.S. dollar, euro, or yen). To maintain its exchange rate, the government will buy and sell its own currency against the currency to which it is pegged.

Many U.S. banks will exchange USD for foreign currencies without charging a fee, but there are often stipulations. For instance, Bank of America customers can exchange foreign currencies for free, but only on orders of $1,000 or more. Otherwise, the bank charges a $7.50 delivery fee for foreign currency orders.

To maintain a desired exchange rate, the central bank during a time of private sector net demand for the foreign currency, sells foreign currency from its reserves and buys back the domestic money. This creates an artificial demand for the domestic money, which increases its exchange rate value.

Get rate alerts straight to your email inbox Go to any Rate Alerts email and get access from the link you can find on Manage Alerts section. You will be able to unsubscribe and create new alerts any time you like.

The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently.

How Xe Rate Alerts work Create account. One free account for all your foreign currency needs. Set desired rate. Create multiple alerts to keep track of your chosen currencies. Get notified. We'll let you know when your desired rate is triggered. Open free account.

You can generally get exchange rates from banks and U.S. Embassies. If your functional currency is not the U.S. dollar, make all income tax determinations in your functional currency.