Currency conversion is the ratio between the two currencies used in the foreign exchange markets, which indicates how much one currency needs to be exchanged for the equivalent value of another currency. Conversion rates change regularly for all currencies traded in the foreign exchange markets.

The Federal Reserve thinks it will be appropriate to raise interest rates “relatively soon,” according to minutes of its most recent meeting released Wednesday. This release covered the meeting that was held November 1-2, a week before the US election.