Big thanks to smartphones and fast internet, things are moving in the right direction, making the world more convenient than before. If your concern is “how to get the most out of your currency exchange?” then this blog is especially for you. Read the blog, and you will understand why exchange rates matter a lot.

What Are Exchange Rates — And Why Should You Care?

Starting from the basics, exchange rates are the amount of money that you will get in return for the currency you are selling in the exchange market. For instance, you are a Bengali who wants to send money from the UK to Bangladesh. When you search, you will know that 1 British Pound (GBP) equals 165.69 Bangladeshi Taka (BDT). This is the conversion rate on which your international money transfer depends.