A modern manager needs to constantly monitor exchange rates in order to keep his finger on the pulse of events and take the right action at the right time. The situation in the financial market is changing at such a speed that you can not keep track of it and lose a significant amount of money on the difference in currencies.
Instructions
Step 1
You can find out exchange rates using various electronic devices, ranging from an ordinary cell phone or communicator to a personal computer, laptop or iPad, in general, any device that has access to the global Internet. You need to go to the website of the Central Bank and see the currency rate you are interested in for the current time and date.
Step 2
Remember that the change in the exchange rate is tied to a huge number of little predictable factors, which are rather difficult and unlikely to predict. Check the course change as often as possible in order to have time to track its changes and make the right decision in time.
Step 3
You can find out exchange rates on other sites. For example, find on the search engines on the above sites and be constantly aware of fluctuations in the foreign exchange market.
Step 4
You can find out exchange rates by watching news or television broadcasts of a financial nature. Check out the TV program and by turning on the TV at the right time, you can find out not only exchange rates, but also forecasts of their changes for the near future, made by well-known analysts.
Step 5
Learn exchange rates from news and finance radio broadcasts. This option is convenient if you are driving a car and cannot be distracted. Tune in to the "Business FM" wave and you will be constantly aware of changes in currencies.
Step 6
You can also familiarize yourself with the exchange rate by driving up to any exchange office and see it with your own eyes. Remember that exchange offices speculate on the exchange rate and the information received from such a source may differ from the genuine one.
