July 11, 2011

Exchange rate and commodity market prices

Want to find out currency exchange rate of your chosen currencies? Looking for a platform where you can view the latest commodity market prices? So, you are involved in exports and are also a trader in the commodity market. You can completely bank upon in.reuters.com. This is one platform that I also rely on for the up-to-the-second market news. It also runs an exchange rate calculator; all you need to do is feed in the details and you get the desired exchange rate instantly. Besides, it also carries news and reports on currencies – rise or fall in the value of the currencies like rupee, euro, dollar, etc.

When it comes to commodity market prices, I do not pay much significance to gold, silver, and oil. These are the three commodities that have almost at all times exhibited rise. But I did encounter a setback last month trading in silver because commodity market prices of silver suddenly slashed to several ounces. Since then I have realized the importance of viewing the commodity market prices of every commodity that I invest besides also studying the past trends so that I experience a win-win situation. Cautiousness as well as updation with latest news does matter in investment!