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Penny Conversion is a free currency converter The rate of exchange changes every day and on that basis, entire international currency trading market runs. We with the motto of providing users with exchange rates and currency calculator for more than 140+ foreign currency.
Major World Currencies Exchange Rates
The US dollar (USD) is the legal tender in the United States. But it is also used in some other countries as an official currency or secondary currency, for example in Ecuador, El Salvador, Liberia, Panama, and Zimbabwe or in the Marshall Islands. Although its importance relative to other currencies has declined somewhat, the US dollar remains the undisputed world leader, transaction, and reserve currency.
This is reflected, for example, in the fact that over 50 percent of international financial transactions take place in US dollars. $ 1 = 100 cents. Currency code: “US $” and “USD” (ISO code). Banknotes are worth 100, 50, 20, 10, 5, 2 and 1 US$. Coins are available in denominations of $ 1 and 50, 25, 10, 5 and 1 cent.
European Union’s official monetary currency is the EURO, sometimes referred as Eurozone also. If we talk via the statistics of international foreign exchange market, Euro comes second after United States Dollar (USD) for the most traded currency. This auspicious currency has eurocent or cents as its subdivision, wherein cent is one hundredth part of a Euro. All the institutions of the European Union and 4 more European countries officially use Euro as their currency.
Apart from Europe, the overseas territories of European nation also follow the same mode for trade. Euro is circulated in the world market right from the European Central Bank based in Frankfurt. While the printing and note distribution is in hands of the Euro system which is an authority comprised of central banks of all Eurozone countries.
INR is the Indian currency. 1 Indian Rupee = 100 Paisa. Its Currency Code is “Rs” and “INR” (ISO code). Banknotes are worth 2000, 500, 100, 50, 20, 10, 5 rupees. Coins in denominations of 10, 5, 2 and 1 Rs and 50 and 25 Paisa is on the Indian market. Banknotes worth 1 and 2 rupees are no longer produced but it is still in circulation many times. The old 500 and 1000 rupee notes were invalidated in November 2016. Meanwhile, new 500 rupee notes and 2000 rupee notes have been issued. New 1000, 100 and 50 rupee notes are expected to be circulated in the near future.
The Australian dollar uses both coins and bank notes. The highest coin value is $2 the lowest being 5 cents. The highest currency not of the country is $100 dollars. Other notes include $5, $10, $20, $50 and the last one is the $100. The coins come in multiple of ten and five that is 5c, 10c, 20c, 50c, $1 and finally the $2 coins. Each note contains a different image of a prominent personality in the Australian country. The coins on the other side have the queen embedded on their front while their backs have different embedment.
The first thing to note about coins is that the picture found on one side is that of the queen while the other side is either an image of a landmark or an historical site. The highest coin value is the 50 pounds note although in the past there was a 100pound note but it was eradicated. The total number of notes in Britain is 4 the; 5, 10, 20 and 50 pound notes. The coins are also known as penny or pence in plural. The coin denominations are from 1 penny to 2 pounds.
The Canadian dollar is one of the most famous currencies in the world. The Canadian dollar is the official currency of Canada and the people of Canada normally have nickname loonie for the same currency. The Canadian dollar is abbreviated as Can$ or CAD. It will depend on who is talking or writing because both are useable. The bank of Canada recently adopted the use of polymer to make their notes and this was aimed at protecting the money from counterfeiting. This new technology according to some of the Canadian people came with a scent of maple syrup but then the central bank said they had not added any scent to the money.
Top Foreign Currencies