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Monday, January 25, 2010

yahoo currency converter

yahoo currency converter

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Sunday, January 24, 2010

Yahoo Currency Converter Overview

Yahoo Currency Converter

The Yahoo Online Currency Converter is a free online foreign currency exchange rate converter offered by Yahoo!. It provides users a way to easily convert a specific currency into another currency using the current exchange rate. The Yahoo Currency Converter can be accessed through the following steps:
  1. Go to www.yahoo.com
  2. On the left pane, click on the “Finance” link. This will revert you to Yahoo! Finance page with several tabs: Home, Investing, News & Opinion, Personal Finance, My Portfolios, Tech Ticker. By default, you should be on the “Home” tab which contains the currency section that will allow you to access the Yahoo Finance Currency Converter
  3. Scroll down a bit and look for the “Currencies” section. You should be able to see there “$1 is worth…”
  4. Click on “View more currencies” in order for you to access the Yahoo International Currency Converter
Interface

The Yahoo online currency converter Interface is divided into several parts. These are:
  • “I want to convert…” – this portion allows you to input a specific currency to be converted into another. A dropdown list gives you more than 150 plus currencies that can be utilized. The Yahoo finance currency converter’s listed currencies range from Albanian LEK to Zimbabwe dollar. These currencies are arranged in alphabetical order. The major currencies like the US dollar, Great British Pound, Euro, Canadian dollar, and the Yen are included as well.
  • After entering a value and specifying the currency used including the currency to convert it to, clicking on the “convert” button will load a table providing you the current exchange rate. This Yahoo Currency Converter’s “Results” page will also give you a chart that shows the varying exchange rates of your specified currencies across a particular time frame. The time range can be set in different periods: 1d (1 day), 5d (5 days), 1y (1 year), 2y (2 years), and 5y (5 years).
  • “$1 is worth”– this segment of the Yahoo foreign currency exchange rate converter shows you two currency charts. These are graphical representations of major currency pairs such as US dollar against the Euro, and the US Dollar against the Yen.

    Clicking on one of the charts provided in this section of the Yahoo Currency Converter will give you the trading details of the currency shown on the graph. The details include:
    • Last trade value
    • Trade time
    • Change
    • Previous close
    • Open
    • Day’s Range
    • 52 Week Range
    • Bid Price
    • Ask Price
Aside from the above mentioned details, this page of the Yahoo Currency Converter will also show headlines related to the currency being queried.

c) “Major Currency Cross Rates”– this section of the Yahoo Currency Converter presents a tabulated data of the major currencies compared against each other. The major currencies specified in this section of the Yahoo Currency Converter include the US Dollar, Japanese Yen, Euro, Canadian Dollar, Pound Sterling, Australian Dollar, and the Swiss Franc. A time stamp is indicated for each currency to enable the user to know when the currency data was taken.

d) “News and Commentary”– Just below the “Major Currency Cross Rates” table is the News and Commentary Section. This portion of the Yahoo Currency Converter provides relevant news related to the currency market. The News and Commentary section gives you several news links that when clicked, gives you the full story of the news. If you want more news about the currency market, you can click on the “More Headlines” Link.

e) “International Resources” section – This part of the Yahoo international currency converter allows you to access several useful links like World Yahoo! Finance, International News, Major World Indices, and Yahoo! Travel.

Delays

The quotes supplied in the Yahoo finance currency converter are not real-time data. Delays will range from fifteen to thirty minutes. Nevertheless, the Yahoo finance currency converter provides the visitor a useful approximate of the current exchange rate for various currencies.

Accuracy of Data

Although Yahoo! tries to provide the information given in the Yahoo Currency Converter as accurately as possible, Yahoo! itself cautions the site visitor in utilizing the data. They warn that information supplied are not intended for trading purposes or advice. Yahoo! added that they or their partners should not be held liable for any informational error or any subsequent effects due to the usage of such data offered in the Yahoo Currency Converter page.

Conclusion

The Yahoo Currency Converter is one of the reliable sources of foreign exchange rates. Although, the Yahoo Currency Converter does not provide real time data, the information supplied will already give an excellent approximate for a certain currency to be converted into another. In addition, the tools offered such as charts, news and commentary, trade details, and international resources offer relevant information that are very useful especially for an individual who requires foreign exchange rates on a daily basis.


Yahoo Currency Converter


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