Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. Currencies are traded (bought and sold) daily around the world.
One currency can be purchased by another currency through banking institutions or on the open market. The volumes of currencies traded are increased and decreased depending on the attractiveness of any particular currency, which depends on a multitude of factors such as political stability, economic strength, government debt and fiscal policy among others.
Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. The value (or price) of a currency is determined by its traded volume. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value.
The exchange rates of the world’s currencies constantly move up and down against each other based on supply and demand. The more in demand a currency is, the higher its price will be. Changes in the foreign exchange market can be caused by this supply and demand, as well as by political and economic events.
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A flat fee of See Delivery Fees Page applies to orders collected at Australia Post stores.
A flat fee of See Delivery Fees Page applies to orders collected at Australia Post stores.
A flat fee of See Delivery Fees Page applies to orders collected at Australia Post stores.
A flat fee of See Delivery Fees Page applies to orders collected at Australia Post stores.
What our customers say
Really good exchange rate to purchase Yen online, even when some places had none available. Was a little hesitant to transfer my funds to an.....
I would recommend Danesh Exchange for your cash transactions - simple and easy to use website, courteous office staff, fast transactions - highly recommended......
Fast, efficient, dealt with all concerns and went above and beyond. Well done Ali! Thanks.....
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While I was a little apprehensive ordering online initially, but after checking some reviews all appeared Ok. Couldn't be happier. Good rate, prompt service, &.....
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The best place to get money exchange at the best rates in Melbourne. Staff are super kind, friendly and willing to help at any time......
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I highly recommend Danesh for pick up or better ordering online. Ali is amazing with everyone and gave me assurance through the whole process. They.....
Danesh exchange Dandenong. By far the best rates going. Highly recommend these guys. Great customer service, easy to deal with and great communication......
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They gave me the best rate and it was the highest rate in whole Dandenong suburb. Friendly staff and good customer service. Highly recommended......
Really good exchange rate and smooth transaction