Why do exchange rates change?

Exchange rates move all the time because the value of one currency compared with another is constantly changing in global markets.
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A few things can cause those movements, including:

If more people or businesses want to buy a particular currency, its value can rise. If demand falls, its value can fall.
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Changes in interest rates can make a currency more or less attractive to investors, which can affect its value.
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Countries with higher inflation may see their currency lose value over time compared with currencies from countries with lower inflation.
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Elections, government policies, economic announcements and major global events can all affect how markets value a currency.
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Sometimes currencies move simply because traders and investors become more confident or more cautious about a country or economy.
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The rate you see in Calen may change as market rates move.

That’s why we show you the exchange rate and the amount your recipient will receive before you confirm your transfer.
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In short: currencies move, so rates move too. We make sure you can see the rate before you send.