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The bid and ask rates that you’ll eventually pay will be the forex rates that your broker will charge you. In lots of cases, especially when there’s a big news event, the exchange rates will significantly differ.

Different forex brokers will use different forex exchange rates. So, it’s always wise to compare with independent providers. Here are my top 5 sites to see forex exchange rates:

  1. Netdania: This financial software veteran provides fast streaming quotes for a huge variety of forex pairs. Apart from showing independent quotes, the site offers many study tools in different languages in Java technology. The site has gained a great reputation over the years. Visit Netdania.
  2. Forex Factory Market: The independent forex portal has developed a  proprietary system for aggregating quotes for popular pairs from brokers in real time. You can see a static or real time version of the quotes, broken down by brokers or aggregated, to get unbiased real quotes. Visit Forex Factory Market.
  3. FXStreet: Also this independent portal chose an aggregated solution. Interactive Data provides real time forex exchange rates for a large selection of currency pairs using many interbank liquidity providers. Visit FXStreet Currency Rates.
  4. Yahoo Finance: One of the world’s most popular financial portals also has a sophisticated currency center with reliable quotes, charts and lots of tools. Visit Yahoo Finance.
  5. XE: This site provides a forex currency converter for virtually every currency in the world, including currencies that are obsolete. Although it isn’t designed specifically for forex trading, the independent and accurate data is highly regarded. Visit XE.

This is my short list of sites for forex exchange rates. What sites do you use?

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