The currency history describes the values of a particular currency compared to the values of other foreign currencies. Historical currency exchange rates give the investor an information where a currency pair has been traded. This historical information appears to very useful for technical analyst in order to predict future price movements.
Historical data for currency exchange rates could be an essential tool for traders that aim to convert their currencies. Regardless of the reasons – whether for a retail forex trader or for a converter looking for physical delivery, to be aware of the rate that you get now in comparison with the currency exchange rates of the past, is an useful planning tool.
Many retail forex brokers obtain this information without any compensation. However, others demand a particular fee for this data. Make your own research and get enough information before to decide from where to get your historical currency exchange rate data.