News

By Carmen Ene, CEO at 3stepIT

The global pandemic and the restrictions it has placed on our daily lives has widened the digital divide in society and, in many cases, children are paying the price.

Schools in the UK will remain shut until March, while Austria, Denmark and the Netherlands have only just reopened their primary schools after weeks of being shut down.

Those that are working from home and have access to technology still have a lot of home learning to get through. Yet there is a large portion of schoolchildren that are at risk of being left behind now, and seriously disadvantaged in the future, because they do not have access to technology.

With government schemes trying their best to provide vital access to technology, can businesses play a part in helping bridge the digital divide?

What is the ‘digital divide’?

When the pandemic hit and school closures were announced, employees working from home had to take up the two roles of full-time worker, part-time teacher.

Children that had access to technology could simply log on to their laptops and sign into online classes.But many still don’t have access to the technology required to keep up with their peers, with the digital divide more widespread than many people were initially aware of.

The ‘Computers for All’ campaign in Finland, for example, aims to prevent digital exclusion and help children keep learning despite their circumstances by providing much-needed access to IT equipment.

Company devices that are no longer needed are collected, refurbished and donated to students across Finland who cannot afford to buy laptops, with data wiped from devices before they are distributed to ensure they are secure and safe for both old and new recipients.

A report compiled by the European Commission suggests that the switch to home learning will widen existing educational inequalities as students from less advantaged backgrounds are less likely to have access to relevant learning digital resources and a suitable

home learning environment.

That many disadvantaged children are now being tasked with catching up with their learning from home, yet unable to utilise online resources as those with greater access to technology, will only widen the gap.

How can businesses bridge the gap?

As of February 2021, the UK government has delivered just under one million laptops and tablets as part of its bid to get more devices to schools and colleges during the pandemic.

In Austria, a content platform developed by the government, Eduthek, offers learning material from external providers for schoolchildren of all levels to gain access to digital tools.

But if there was ever an opportunity for businesses to make a positive contribution, it’s now..

It’s not as if businesses are currently lacking in old, unused equipment either. Almost one third (29%) of office desktop PCs have been left abandoned in offices across Europe as employees shifted to remote working, while almost a quarter (23%) of office PCs are not expected to be required over the next year.

Businesses and IT leaders responsible for this technology are unsure of what to do with equipment once they’re no longer needed, with many simply locking devices up in cupboards, or worse, sending them to landfill for incineration.

Reuse, refurb, recycle, repeat

Many don’t realise that they can recoup tech investments and develop more sustainable practices with a positive social impact.

By implementing circular economy IT strategies and ensuring their old tech has the chance to be reused, businesses are fuelling a growing secondhand market, which is crucial to improving access to technology.

Not everyone can afford the latest technology, but they don’t necessarily need it either. As the refurbished market moves into the mainstream, there is hope that we can close the digital divide by providing access to technology to those who need it most.

Instead of dumping or destroying old devices, businesses who adopt Technology Lifecycle Management as an IT solution, will send old IT to be refurbished and use the value of those unwanted devices towards their digital transformation.

Meanwhile, the refurbished laptops, desktops and monitors can be made available to education institutions or charities as part of a thriving secondhand market.

There’s work to be done to bring the use of refurbished devices into the mainstream, but we are seeing increasing demand for this as people realise a device in its second lifecycle still offers enormous value.

Businesses have a big role to play – during a time when so many families and communities are struggling, it’s a win-win solution for every company, and their communities.

Operations research is a field that deals primarily with the use of modern analytic methods to assist make better choices in any operating environment. The phrase operational research has become synonymous with special operations and may also be used to describe the process by which military operations are planned, executed and managed. Operating inside of a structured set of rules and procedures is important to the success of any military operation, but there are several other considerations for any given military operation. This branch of study is concerned with more than just choosing the right equipment or tactics; it also deals with determining how best to operate within such a structured environment.

One way to categorize operational research is according to its focus. In most circles, operations research is thought of as having three main aspects; strategic, tactical and operational. Strategic operations research deals with how to implement policies and missions based on the needs of the United States Department of Defense. The quarterly journal of the operations research society focuses on the area of strategic operations research.

Tactical operations research deals mainly with training, equipping, and deploying the forces. It focuses on the employment of mathematical modeling and analytical methods in supporting this operational need. Other areas of focus for the quarterly journal include weapon systems, planning, information operations, human-centric design, surveillance, operational logistics, non-lethal weapons and networking.

Official journals, published by the United States Joint Staff, deal mostly with operational operations research. A major goal of the official journal is to provide regular reporting of events, developments and accomplishments of the Department of Defense. Other objectives of the journal are to review major initiatives and to provide explanations for why they were undertaken and why they failed. Official journals also specialize in specific topics such as psychological assessments, sexual assault assessments and others.

Operations Research Analysts (ORAs) are one type of operations research analyst employed by the United States Department of Defense. An ORA is primarily employed by the combatant departments in support of mission requirements. Other branches of the military such as the Marine Corps, Navy, Air Force and Army also have operations research analysts. An ORA is required to have a bachelor’s degree in a relevant field such as mathematics, business or computer science. Prior to becoming an ORA, most ORAs undergo rigorous training and college-level courses on strategic, operational and mathematical skills.

The Strategic Analysis Processes, commonly referred to as the SAP, is a strategic planning initiative within the United States Department of Defense. A description of this process can be found in the United States Naval Service Revolving Management System Guidebook. Strategic analysis processes begin with a “ground work” using surveys, interviews and other forms of inquiry to acquire data on current policy issues, needs, threats, vulnerabilities and opportunities. From this point, a more in-depth strategic review is conducted to generate a set of recommended policy changes that meet the desired objectives for the United States. After thorough review, these recommendations are formally approved and put into execution. The operational analysis process continues through a series of reviews and evaluations to assure that the new policy is effective, and meets the desired goals and objectives of the United States Navy.

Operations research and management science careers combine many of the fundamental skills required to conduct successful operations. These core skills include information systems, human-centered design, complex decision analysis, technical intelligence, strategic management, and computer science. Combining these core skills with other disciplines such as mathematics, business, engineering, science and other areas of study creates a unique profile that allows an ORTA to leverage his or her expertise to solve problems. Operations research analysts are a critical part of the success of any navy, Marine Corps, Army or Air Force.

Interested parties can pursue a career as an operations research analyst working for a defense agency. Employment opportunities are increasing because of both the increasing demand for this highly skilled position in the defense industry, and the world war ii. The future for this field is excellent due to the ever growing need in military and government agencies for these highly skilled professionals. Finding a Defense Agency that will hire you to fill an operations research analyst position may be challenging, but with the right recruiter, you should have no problem finding a job.

By Nicola Buckley, Executive Vice President, Global Service Delivery, Park Place Technologies

During the past year, businesses around the world have had to reimagine their business models and operations multiple times. Nearly overnight, the pandemic forced most companies to pivot to remote working, creating an instant demand for new technologies and services that had previously been thought about in conference rooms, but never fully implemented.

As businesses continue to look for ways to navigate this new world order, they are looking for partners who can help them along in that journey.

For service providers, the differentiation they can offer in a partnership comes not in any single product, but in the ability to understand a customer’s need and to react and help customers solve a problem at a moment’s notice.

Customers will always choose a vendor or solution based on how the vendor interacts with them on a personal level. That’s a fundamental fact of how business is done, regardless of the industry. A product can have lots of fancy bells and whistles, but if the customer doesn’t feel like they’re being embraced by the vendor, they won’t buy it.

The key for all companies to succeed is to fit their products into the services they offer, rather than the other way around, which is what most companies do. Indeed, recent research by Ipsos found that 91% of CEOs believe they deliver a superior experience, yet only 30% of their customers agree.

How can companies close that gap? Let’s explore a few ways to build a better experience – and relationship with your customer.

Listen to the Voice of Your Customer

A strong customer journey – and experience — always starts with the human element. Building a strong and effective experience platform is more than just a process — it’s an opportunity to build an emotional relationship with your customer across all touchpoints.

To truly connect with customers, and understand their experience, business leaders must spend time with them, face to face. And that means really getting to know them, not just dealing with events when they need services. It’s imperative to spend time with the customers during and after an event, to show them the plan and ask for their input.

Nicola Buckley

While understanding their needs is key, it’s critical to always focus on allowing your customers space to make the right decisions and choices for themselves. As a service provider, you should, in some respects, offer staff augmentation. Focus on enabling choice while offering a very simple entry point into how clients gain access to services. Provide them with the simple tools they need to remove the stress and worry out of managing their complicated business environments.

Align Your Sales and Service Teams

Many companies overlook the need to engage the whole organization, including its support functions, in their quest to build a memorable customer journey.

To accomplish this, it’s critical to avoid “silos” in your organization. Silos never drive good results. Collaboration across functions is key. The service team should be a tool for the sales team and the sales team can serve as support for the service team.

To drive this collaboration, be hyper aware of your strengths and how you build a team that complements everyone’s strengths and opportunity areas across the organization. This will help the team feel empowered in their various roles.

A collaborative approach has been proven to work. The Ipsos study noted that empowering an insurer’s agents to resolve customer queries on that first call has increased customer advocacy by more than 50%.

Growing at Scale

All companies are at different stages of their customer experience journey but no matter what part of the journey you’re in, a well-aligned, embedded service team can provide an experience that will help drive revenue without ever moving a product. According to Ipsos, 86% of people will pay more for a better experience. That means a better customer experience can lead directly to increased revenue.

There are two ways to drive this growth: organically and through acquisition. Organic growth is driven by good service and performance by the team in the field. This leads to customer satisfaction and loyalty, which in turn can lead to greater revenue.

On the acquisitions front, expanding your business’ capabilities and offerings through acquisition is a fast way to accelerate your growth. However, taking this approach, which Park Place has done numerous times during the past few years, requires a fast integration. It’s vital to quickly bring the service team you’re acquiring into the culture of your organization so the same level of service can be maintained. The new team must be trained to understand the expectations at the outset of the relationship and given the necessary tools to succeed.

Looking Ahead

The new normal is unknown. Budgets are getting squeezed and new decisions are having to be made. It’s critical to make sure your customers don’t have to worry about risk or issues in their businesses.

As services providers assess their customer journey, it’s imperative to identify the moments that matter most and what customers need, expect, and what the ideal experiences are for them. As we move forward though the pandemic and beyond, the companies with the closest personal touch on this front will be the ones that succeed in delivering a top customer experience.

By Joshua Pines, Co-founder Sirenum

According to the Wellcome Trust, the discovery and research phase of a vaccine is anywhere from two to five years. Having spent a number of years in clinical technology, I can attest to the fact that timelines are often even longer. That’s why the authorisation of multiple Covid-19 vaccines in less than a year is a great achievement. However, it is only one part of the puzzle, and managing a global vaccination programme is something of a challenge in itself – but one where technology will provide the answer.

More commonly associated with the management of shift workers or those operating in the gig economy in retail or hospitality, workforce management (WFM) technology is now being deployed to manage the human workforce needed for the Covid-19 vaccination programme. The reasons? The large volume of workers required—estimated in the UK to be an additional 46,000 alongside the NHS—further exacerbated by the complexity of the task, means technology is needed to take care of the admin. This leaves more personnel free for other jobs needed to execute the vaccination. In fact, there are a few ways that technology will be supporting the vaccination programme as outlined below.

Ensuring ‘hidden’ workers are not neglected

In the UK, GPs, retired doctors, nurses, pharmacists, health visitors and other healthcare workers who can be trained, are being called upon to administer the jab. As part of this, a number of venues such as football stadiums, racecourses, GP surgeries, and pharmacies will be used as vaccination hubs alongside hospitals.

Aside from the core workers being used to administer the vaccine, these venues will need ancillary staff such as cleaners and security. Other roles may also be necessary such as warehouse staff for the storage of the vaccine, receptionists, and delivery drivers. WFM technology can be used to ensure these shifts are covered as part of any vaccination centre and that these workers are not ‘neglected’ when it comes to managing them.

Right place, right time

Given the sheer number of shifts to fill, a manual matching process could take days, which is why technology is being used to speed up the process. With a modern cloud-based WFM tool, managers are able to bulk upload shifts and automatically assign the right worker to each shift, from any device whenever it’s convenient, making it possible to build a roster with thousands of shifts in seconds instead of hours or days.

This also makes it possible to source and deploy replacements quickly and efficiently. This is particularly relevant if a worker has tested positive for the virus or just needs to isolate due to exposure. A WFM tool can allow workers to share such a status with a single click and thus prevent a manager from trying to schedule a shift for that worker until they are out of isolation and quickly find a replacement within a talent pool.

Match workers with the right qualifications to a shift

The general consensus among social scientists is that without technology, people are only capable of knowing about 150 people well at any given time. With a large or complex workforce like that required for the vaccination process, managers are simply incapable of knowing which workers have the right qualifications, skills, and availability for which roles. Aside from being an irritation, if this scenario happened in the context of the vaccination programme, it could lead to a breakdown in the schedule, as well as delays and further complications of an already complex logistical undertaking.

Joshua Pines

Again, this is where WFM technology can come into its own, as it can match workers according to the requirements of each shift. A strong matching algorithm considers dozens of factors including how far away a worker lives from the vaccination centre. This then provides the hiring manager with all the information needed to make an informed decision quickly and efficiently.

Reduce health and safety headaches

Fatigue and burnout are very likely scenarios for healthcare professionals who have been tirelessly working during this pandemic, both of which can cause human error. It’s likely that the new vaccination centres will be operating beyond what would be classed as usual working hours–there’s even been talk of certain hubs being open ONLY outside usual working hours–and therefore health and safety is of paramount importance.

Using WFM technology, managers can be alerted when staff require breaks or are at risk of burnout as they reach the acceptable working hours threshold defined by UK health and safety legislation. Managers can also factor in flexibility for overtime if shifts take longer than anticipated and make changes and adjustments as necessary without the burden of paperwork. For example, if a worker finished their shift two hours after their scheduled hours, a manager could then be alerted to the fact that the worker needs more time to rest in between shifts, and that a replacement worker is needed. Optimally, that can all happen automatically.

Continuous communication

Another knock-on impact of centres operating outside of working hours may mean that a worker needs information about their shift when the hiring manager is out of office. Sophisticated WFM platforms operate in the cloud and are accompanied by a mobile app where workers can receive notifications about upcoming shifts, accept new assignments, and even check payroll 24/7 without needing to contact their hiring manager. The worker can also use the app to notify their hiring manager of any changes to their availability and to clock in and out of shifts. Not only does this improve employee engagement, but it also means the hiring manager has the right data to ensure workers are paid the right amount for their work, even if rates are variable according to the time of day or expertise required.

Future of work

Although the healthcare market is no stranger to utilising WFM technology even with this latest use case, adoption across other sectors and fields is likely to be accelerated as a result of the pandemic. In fact, a report from Gartner estimates that by 2025, 60% of global midmarket and large enterprises will have invested in a cloud-based Human Capital Management (HCM) suite for administrative HR and talent management.

The future of work is a concept that has been bandied about since the advent of the World Wide Web in the mid-90s, heralding a workforce that requires new skills from both workers and managers. This conversation has accelerated as the global workforce has adjusted to new working patterns that are likely to last well into 2021. But it has been primarily focused on information workers and often overlooks today’s shift workers. However, the future of work also means changes in the way shift workers work and are managed. Adoption of modern, cloud-based WFM technology for hourly workers will be key in supporting a more productive, safer, and more engaged future of work.

By Mai-Po Wan, Director of Product Marketing, HR & Payroll, Sage Group PLC

Blue Monday is said to be the most depressing day of the year. The theory goes that this is the time when the days are short and cold, we’re all broke, and riddled with guilt that our new year’s resolutions haven’t panned out. The concept was coined in 2004 by psychologist Cliff Arnall who came up with a ‘formula’ for January Blues. It took into consideration weather, debt, time since Christmas and low motivational levels.

In 2021, we may have faced our bluest Monday yet. COVID-19 dominated last year, with little respite. Businesses locked into survival mode and had to ask a lot of their employees. As the challenges look set to continue into 2021, business owners face the potential of low employee morale and more tough decision-making. 

Companies need to ensure they are taking care of the emotional, financial, and motivational needs of their employees. Yet, how can People teams create a new formula that helps employees feel more hopeful in the early part of the year, so they feel empowered to seize the opportunities and months ahead?

Personalised pastoral care

The responsibility to create a productive and happy employee experience shouldn’t fall solely on the shoulders of HR. But it’s clear that People professionals need to play the starring role. HR’s task is to listen to employees, monitor their sentiments and share both insights and solutions with the company’s leadership to ensure the best possible workplace experiences, productivity, and output. That’s no small task in itself!

Every employee is an individual, with different needs, priorities, and personal objectives. A broad-brush approach – where everyone receives the same baseline of pastoral care – simply won’t suffice. One size definitely doesn’t fit all, and when dissatisfaction in the workplace surfaces, the best talent can be lost – and to companies fulfilling a more tailored package., People teams need an unprecedented understanding of each and every employee as well as a close, consultative relationship with company management. 

Now more than ever, that understanding also has to be real-time. Employees are never static; what they want changes with the seasons. As this year’s Blue Monday has been compounded by the hardship of the pandemic, People teams need to be particularly sensitive to factors such as mental health and potential money concerns. Some staff may request their pay earlier in the month, for example, and this is where the business should be flexible and understanding. 

Data is at the heart

However, attaining this level of real-time employee insight requires easy and comprehensive access to data from across the business. A People professional should have access to an employee’s emergency contact details, employment record and most recent appraisal at their fingertips. This can be challenging when that information is siloed in different parts of the business, so it’s important for all employee and business information to be accessible from a single environment.

Once People teams have access to comprehensive employee data, they then need the capabilities to process and understand it quickly. The employee experience is constant, and this has only been amplified by the flexible nature of remote working. Staff could be online and working at any point of the day, generating masses of data that HR teams will need to analyse if they want an accurate picture of the employee experience. There’s simply too much information for any person to process, so teams need tools to help them analyse large amounts of complex data quickly.

Processing and understanding this data is vitally important to the employee experience. One of the most insidious aspects of stress or depression – whether it’s Blue Monday or any other part of the year – is that its victims often suffer in silence. Individual employees are less likely to come forward – especially when isolated and working from home – and will quickly find themselves on a slippery slope towards low job satisfaction and productivity. That’s why HR has to make the first move, ensuring employees know they are there to listen and support at any time of day. A proactive approach can only be achieved if the HR team is aware of employee concerns – and that awareness can only come from data.  

The right tools for the job

Blue Monday in 2021 will likely have been bluer than most for everyone – the challenge is knowing which employees are struggling more than others and need additional attention. This requires a level and speed of data analysis that many HR teams alone cannot attain. Fortunately, AI and machine learning tools can lend a helping hand when it comes to analysing data quickly. 

The power of AI lies in detecting trends and patterns that are imperceptible for humans to notice in masses of data. Through advanced analytics, AI tools can deliver predictions and offer business recommendations. This provides better lead indicators that help managers proactively prevent – rather than just react to – employee issues. For example, People leaders can identify when a staff member is struggling from their workload and is likely to burn out. Armed with this insight, they can intervene to make sure the employee has the necessary support available.

By implementing AI into their technology stacks, People teams can achieve accurate sentiment and behavioural analytics. Analysing a range of factors, from the tone of their voice to what time they start work in the morning, a business can tell when an employee is struggling and under pressure. However, the human element is key. The machine detects the problem, but it’s the People professionals who solve it with empathy.

Getting to know you

Blue Monday should be a reminder to businesses – your people are your most precious asset. Going the extra mile to ensure they are healthy and happy at work boosts resilience, productivity and retention. In fact, a 5% increase in employee engagement leads to a 3% boost in profit growth. An approach that combines cloud integration and analytics will help People teams to gain a real-time, accurate view of each employee’s experience. As to help them, People teams first need to truly understand them.

New platform integration simplifies international trade for thousands of retailers

Fruugo, the online marketplace specialised in cross-border trading, is now available for more than 50,000 users of the e-commerce solution plentymarkets. This will allow thousands of merchants to expand their sales internationally, without the complexities usually associated with cross-border selling.

Throughout 2020 the customer demand for online shopping has skyrocketed around the world as consumers have either forcibly or voluntarily steered clear of the high street. For businesses this has meant that ecommerce has come to play an unprecedentedly important role in overall, pushing many to maximise online sales by expanding their digital operations and starting to trade cross-border to entirely new markets.

To help businesses take advantage of this growing consumer demand, thousands of retailers who use plentymarkets for multi-channel ecommerce are now able to take advantage of all attributes of Fruugo directly from the plentymarkets platform. This allows them to sell products to a new consumer base of more than four billion across the globe.

Fruugo’s focus as a global online marketplace is on simplifying international ecommerce for merchants of all sizes. Working across over 40 countries, it takes care of all language, currency, sales tax and localisation requirements and uses its advanced data science capability to drive marketplace shoppers directly to retailers’ products.

As a cloud-based software platform, plentymarkets lets retailers manage online business processes comfortably and efficiently through one interface. This includes a point of sale system that allows merchants to combine the management of their bricks and mortar stores with online sales, as well as additional features like stock management, payment, fulfilment and a fully functional CRM tool.

While the two companies have worked together for more than six years, this is the first time Fruugo will be available to all plentymarkets sellers directly through its .net platform.

Carsten Brassel, Head of Business Development at plentymarkets, comments on the new Fruugo integration: “In times like these, when going digital quickly has never been more important, it is crucial to get products to the existing audience as fast as possible. With the updated Fruugo integration, it is now easier than ever to list and maintain products from plentymarkets onto fruugo and add international markets in a jiffy, without worrying about translations or stock levels. plentymarkets welcomes the addition of Fruugo into the portfolio of more than 45 marketplaces currently supported.”

Håkan Thyr, CRO at Fruugo, comments: “At a time when ecommerce sales are crucial for so many merchants, finding ways of simplifying the process of selling online both to domestic and international customers needs to be a priority in our industry. Fruugo’s full integration into the plentymarkets platform is contributing to this, allowing us to give more merchants the opportunity to ship and sell products to customers across the globe through our marketplace. By taking on some of the key tasks associated with this process for merchants, such as currency transactions and copy translation, we help them grow their online sales and reach and meet previously untapped demand internationally.”

A currency converter is a software program code which is created to automatically converter one currency to another in order to evaluate its corresponding valued value in the other currency. Generally, the code is usually part of a website or it becomes an app and it relies on current international or bank exchange rate values. A currency converter can be used in several ways, so they are widely used by people in many countries in order for them to exchange their currency to the others. Aside from that, some also use it just as a reference in order for them to know their present currency value against the other country’s currency.

A currency converter’s importance is highlighted by how it’s able to save you time and money. Converting a currency from one state to another can be quite a daunting task since different rates may vary depending on each government’s exchange rates. This is why a currency converter becomes very useful since you’ll no longer have to go around searching for a different website or app just to determine the right conversion. If you use a currency converter, you can instantly get the conversion rates just by clicking on a few buttons.

Aside from the convenience that it provides, a currency conversion tool is also beneficial in the business world. Companies who are currently sending or transferring funds internationally can greatly benefit from this application since it will help them determine the right amount of money to send their workers overseas for work purposes. Not all companies have the personnel or resources to conduct this kind of operation manually. With a currency converter, they no longer have to worry about doing the entire transaction online or even dealing with other things like conversion fees or exchange rates when sending cash abroad. They don’t need to do anything but simply type in the amount of money being sent and then convert the dollars into the pounds, yen, or euro.

One popular use of a currency converter is when travelers want to know what the current exchange rate is for a certain currency before making a trip or transferring money abroad. By using the service, they can easily determine how much money would be appropriate to transfer to the country’s currency of choice based on the current exchange rate. Currency exchange services also provide travel advisories so people will be able to prepare for emergencies when using transfers to other countries.

If you are currently working abroad, you also may find it useful to use a currency converter so you will not get ripped off during your vacation. There are a lot of currency converters available on the internet and they are very easy to use. All you have to do is choose the two currencies you want to convert and then choose the currency converter you wish to use. You can select the one that provides you with the most accurate information. After you have made your selection, you can start to enter the currency converter’s information and then hit the submit button.

The results will display the current exchange rates between the currencies being compared. Some currency converters may also offer you the option to compare three different currencies. If so, you can choose to convert from the US dollar to the British pound, Canadian dollar to European Euro, Swiss franc to the Japanese Yen, Australian dollar to New Zealand Dollar, Mexican currency to Chinese Yuan and so forth. The more currency conversion options you provide, the easier it will be for you to choose the best currency to convert to. It may also be easier if you provide the same information to multiple websites.

Another way to use a currency converter when you are abroad is to determine the current exchange rate between various currencies. Many companies, especially banks, use this service to determine what their customers are paying in different locales. This allows them to provide better customer service to their overseas customers. When you are traveling outside your home country, it can be difficult to determine how much of your paycheck is really worth in different currency. By using an online service that provides the current exchange rates between various currencies, you can find out what the going rate is for the currency of the place you are visiting.

There are many ways to use an online currency converter to get the current exchange rates. When visiting a website with an exchange rate, make sure that the website is secure before supplying any personal information. If possible, try to visit a few different sites so that you will have a good range of prices to choose from. With a reliable service, you can be sure that no information you enter is either false or inaccurate.

A currency converter is a software program which is designed to convert a given currency to another in order to determine its corresponding valued value at the current moment. The currency converter uses the current price of a given currency with the currency being compared. The currency converter will either use the US dollar as the main currency or the currency being compared. Generally the software will be a third party application or it forms part of an online website and it relies on current international market or foreign exchange rates.

There are several kinds of currency converters out there and most of them have the same basic principle. They are all designed to make transactions easier, faster and simpler. The most common example of currency converters are the PayPal and Xoom products. These products enable internet users to transfer money from any currency to any other currency in a hassle free manner. Another example of this kind of software is the Google money transfer. This is especially useful for users who are not comfortable transacting in cash but need to convert their currency to another currency periodically.

There are a number of websites which provide free currency conversion services to internet users. These online websites are called currency conversion sites. When you visit any of these sites you will get a list of currency converters which you can choose from to convert your currency. These are among the most popular online currency conversion tools.

The most popular and widely used currency converter is the Interbank Market. This is located within the over the counter exchange rates. It is accessible to commercial banks, governmental agencies and foreign financial institutions. This is one of the fastest and simplest ways to convert currencies. The information on exchange rates is updated regularly and is therefore quite accurate.

The most important feature of any of the currency converters is that it should be able to provide the latest data. It should be able to match up with the foreign exchange rates so that you can exchange your currency to the foreign currency at the best rate available at that moment. It should also be able to provide the historical data. This historical data would tell you the fluctuations in the exchange rates of various currencies during the past few months or years.

There are a variety of other features which are necessary when you use a currency converter. For instance, it should be able to give the change rates automatically. This feature will help you to determine how much the two currencies have changed since the last time that they were compared. You can also make use of graphs which can help you monitor the changes in the exchange rates of the different currencies. You should also have the option of sorting the list of currencies based on the names of the countries whose currency pairs they represent.

Most of the online currency converters have tied up with various international banks and they are updated regularly with the exchange rate information of all the countries. This information helps to simplify your work and you can spend your time focusing only on the currencies that you need to convert. A bank currency converter can be very useful for individuals who have to perform currency exchanges frequently. You can simply click on the currency converter to show the current exchange rate in US dollars and then choose the currency that you want to convert into your currency of choice.

This is how you can make the most out of your currency converter. You can always use this tool when you want to transfer money abroad, especially if you want to send money abroad using one of the major currencies such as the US dollar or the British pound. It is always easier to transfer money abroad using a major currency than it is to transfer money using less popular currencies. You can even compare currency conversions with the help of this currency converter before sending money abroad.