The currency exchange table is a summarising overview of the exchange rates of selected foreign currencies which are being offered by a concrete bank or another financial institution.
The currency exchange table in practice: Various institutions which trade or otherwise deal with currencies issue exchange rate tables. Among them are:
Central banks (in states with flexible rates, the rates are taken over from the Forex (foreign exchange market), in countries which have fixed rates, the central bank itself sets the exchange rate for the country´s currency in relation to other currencies)
- Commercial banks (these usually set their own rates which they derive from the rates issued by the central bank)
- Other financial institutions, e.g. foreign currency exchange offices
The exchange rate tables of commercial banks are decisive for the trade relations of organisations with their business partners.