Currencies have existed for several millennia; they arose primarily as a replacement for the ineffective barter trade. The functions that a currency took on were essential to the development of an efficient economy with division of labor. In the beginning, different items were used as currency, including metals, pearls, shells or agricultural products. Minting of coins from precious metals was developed about 2500 years ago in ancient Greece; paper money has existed for about 1000 years. You can use the Bitcoin calculator to know the currency between Bitcoin, Ethereum, Ripple, and other 5000 cryptocurrencies and fiat currencies like USD, CNY and others.
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Real-world currency exchanges with brokers, banks, or businesses typically do not follow precise market rates. As financial middlemen, most will set exchange rates of their own at bid-ask spreads that …
