What is FOREX?

It is an international, decentralised foreign exchange (FX) market. Currency trading is conducted 24 hours a day, 5 days a week. Due to time zone changes, the trading day starts in Sydney and ends in New York. An average market rate for a currency is determined based on transactions in the foreign exchange market.

What is the relevance of the FOREX exchange rate for those who use Walutomat?
The average market rate we provide in Exchange rates is for informative purposes. It tells us whether the rate of a currency is falling or rising. This will make it easier for you to decide whether to sell your currency or still hold off on the transaction to hit a better rate.
Xignite, Inc is our provider of exchange rates.