Historical Currency Exchange Rates
Historical currency exchange rates are foreign exchange rates which give traders a historical reference of how a currency pair has traded in the past. Historical currency exchange rates are foreign exchange rates which give traders a historical reference of how a currency pair has traded in the past. The public access to historical foreign currency exchange records helps to ensure that the currency reports published by agencies align with information from central banks around the globe and with the U.S. Treasury reports. The Secretary of the Treasury with sole authority to establish the exchange rates for all foreign currencies or credits reported by all agencies of the government and are also responsible for international monetary and financial policy, including foreign exchange intervention. Historical currency exchange rate data is a valuable tool for those interested in the foreign exchange (FX) currencies market.
What Are Historical Currency Exchange Rates?
Historical currency exchange rates are foreign exchange rates which give traders a historical reference of how a currency pair has traded in the past. Historical exchange rates help many forex traders to discern the direction of a given currency pair. The reports also help governmental agencies and complete international reports.
Understanding Historical Currency Exchange Rates
Historical currency exchange rate data is a valuable tool for those interested in the foreign exchange (FX) currencies market. Knowing what rate you are getting today compared to currency exchange rates of the past is a valuable planning tool for looking ahead. Quantitative traders will use historical exchange data as part of their quantitative analysis, which relies on mathematical computations and number crunching to identify trading opportunities.
The public access to historical foreign currency exchange records helps to ensure that the currency reports published by agencies align with information from central banks around the globe and with the U.S. Treasury reports.
Where to Find Historical Currency Exchange Rates
The U.S. Government provides information on historical exchange rates through the Department of Treasury Bureau of the Fiscal Service and the Federal Reserve System Bank of New York.
Information from the central bank or monetary authority of each country may also be useful. As well, many retail forex brokers provide this information for free, but others charge a nominal fee for this data. Be sure to research before deciding where to get your historical currency exchange rate data. Traders may find cloud-based integrated software programs which compare historical currencies helpful as well.
Related terms:
Argentinian Nuevo Peso (ARS)
The ARS (Argentinian Nuevo Peso) is the national currency of Argentina. read more
Central Bank
A central bank conducts a nation's monetary policy and oversees its money supply. read more
Forex Chart
A forex chart graphically depicts the historical behavior, across varying time frames, of the relative price movement between two currency pairs. read more
Currency Exchange
Travelers looking to buy foreign currency can do so at a currency exchange. read more
Currency History
Currency history is a term that refers to the values of a base currency over time, specifically in relation to the values of other foreign currencies. read more
Exchange Rate
An exchange rate is the value of a nation’s currency in terms of the currency of another nation or economic zone. read more
Foreign Exchange (Forex)
The foreign exchange (Forex) is the conversion of one currency into another currency. read more
Online Currency Exchange
An online currency exchange is an internet-based platform that facilitates the exchanging of currencies between countries in a centralized setting. read more
Quantitative Trading
Quantitative trading consists of trading strategies that rely on mathematical computations and number-crunching to identify trading opportunities. read more