Currency Conversion:
Amount in Target Currency = Amount × Exchange Rate
Exchange Rate = Target Currency / Base Currency
Major Currencies:
• USD: US Dollar
• EUR: Euro
• GBP: British Pound
• JPY: Japanese Yen
• CAD: Canadian Dollar
• AUD: Australian Dollar
Factors Affecting Exchange Rates:
• Interest rates
• Inflation rates
• Political stability
• Economic performance
• Trade balance
• Market speculation