Over the last few weeks I have shared this functionality with a few friends who also want to keep track of exchange rates and realized that setting these up in the Stocks app is not at all obvious, some would say impossible unless you know the process. Thankfully, once you know the process, it's a piece of cake.
Here are the steps
- Open the Stocks app
- Tap the ( i ) icon in the bottom right hand corner
- Tap the + icon in the top left corner
- Enter the currency rate described as AAABBB=X in the search box (e.g: GBPUSD=X )
- Tap the item in the list
- Click the "Done" button in the top right corner
The exchange of currency is nothing but yet another market transaction that will happen under market conditions that weaken the Indian currency exchange rate being purchased and strengthen the currency being sold.
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Thanks for writing this clear guideline!Exchange rate is such a mystery for me, but this app looks quite useful and what is even more important for me - user-friendly :) I've always thought that only banks and probably some other credit unions are likely to provide the best exchange rate and charge the lowest fees. Wasn't I right?
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