Vol-6 Issue-6 2020 IJARIIE-ISSN(O)-2395-4396

REAL TIME CURRENCY CONVERTER

Bharti Nana Durgade1, Bhakti Nitin Kadappa2, Shreya Kiran Patil3, Nilkanth Maharudra
Malapure4
1
Lecturer, Computer Science and Engineering,DKTE’s Yashwantrao Chavan Polytechnic,Ichalkaranji,
Maharashtra, India
2
Student, Computer Science and Engineering,DKTE’s Yashwantrao Chavan Polytechnic,Ichalkaranji,
Maharashtra, India
3
Student, Computer Science and Engineering,DKTE’s Yashwantrao Chavan Polytechnic,Ichalkaranji,
Maharashtra, India
4
Student, Computer Science and Engineering,DKTE’s Yashwantrao Chavan Polytechnic,Ichalkaranji,
Maharashtra, India

ABSTRACT

Different countries use different currencies and these currencies change daily compared to each other. Those who
have transferred money (one currency to another) from one country to another must be updated with the latest
currency exchange rates in the market. With this in mind, the Currency Converter project has been created. This is
just an app development like a calculator using Python. In this application, there are regular updates about each
country's currency by which it reflects the current currency market value and conversion rate. Such an application
can be used by any user, but it is mainly useful for business, shares and finance related areas where money transfer
and currency exchange takes place daily. In this currency converter app, users are given the option to choose the
type of conversion, i.e. "this" currency to "to" currency. This simple feature allows users to enter the amount to
convert (say currency in dollars) and display the converted amount (say currency in euros).

Keyword : - Currency Exchange , Real Time etc….

1. INTRODUCTION

An application is to be developed to represent dynamic functionalities like online currency converter. The
application can simultaneously convert to currency using an online information source.
Different countries use different currencies and these currencies change daily compared to each other. Those who
have transferred money (one currency to another) from one country to another must be updated with the latest
currency exchange rates in the market.
With this in mind, the Currency Converter project has been created. This is just an app development like a calculator
using Python. In this application, there are regular updates about each country's currency by which it reflects the
current currency market value and conversion rate.
Such an application can be used by any user, but it is mainly useful for business, shares and finance related areas
where money transfer and currency exchange takes place daily.
In this currency converter app, users are given the option to choose the type of conversion, i.e. "this" currency to
"to" currency. This simple feature allows users to enter the amount to convert (say currency in dollars) and display
the converted amount (say currency in euros).
Real Time Currency Converter converts user-assigned currency into just one currency. It shows the real-time rate of
the currency if the Internet provides Internet connectivity and the final updated price of the currency if the Internet
does not provide Internet connectivity.

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Vol-6 Issue-6 2020 IJARIIE-ISSN(O)-2395-4396

2. LITERATURE SURVEY

Sergio Bianchi, Alexandre Pantanella, and Augusto Pianese, “Modeling and Simulation of Currency Exchange
Rates Using Multifractional Process with Random Exponent”[1], In this work, we propose simulation algorithms
capable of replicating a special time series related to the FMS market, assuming a multilingual process model with a
random exporter (MPRE). We show how to properly select the functional parameters of the MPRE, how the
simulated series fits with significant accuracy in real estate. It is beneficial to underline that knowledge of functional
parameters alone ensures that surrogates succeed in copying empirical data. The results can be used in situational
analysis as well as in estimation.

Dr. S. Kumar Chandar, Dr. M. Sumathi, Dr S. N. Sivanandam, “Forecasting of Foreign Currency Exchange Rate
Using Neural Network” [2], The foreign exchange market is the largest and most important in the world. Foreign
exchange transactions are the simultaneous sale of one currency and the purchase of another currency. It is essential
for currency trading in the international market. In this paper, we have examined predictive modeling based on
artificial neural techniques based on foreign exchange rates using five different training algorithms. The model was
trained using historical information to estimate the four foreign exchange rates against the Indian rupee. Predictive
performance of the proposed system is performed using statistical metrics and compared. From the results it became
clear that the new approach provides a technique to improve foreign exchange rate forecasting. It is also an effective
tool and can be predicted significantly closer using simple design. Out of the five models, the Levenberg-Markart
based model lags behind the other models and achieves comparative results. It also demonstrates the power of the
proposed approach and makes more accurate predictions. Finally, the proposed scheme can significantly improve
estimation performance when calculated on three commonly used metrics.

Yoke Leng Yonga, Yunli Leea, Xiaowei Gu, Plamen P Angelov, David Chek Ling Ngo, Elnaz Shafipour, “Foreign
currency exchange rate prediction using neuro-fuzzy systems”[3], The complex nature of the forex market has led to
extensive research on a variety of academic topics. By incorporating more in-depth analysis and forecasting
methods, traders will be able to make informed decisions when trading. This paper therefore proposes an approach
to incorporate the use of historical data with computer intelligence for analysis and prediction. First, the Gaussian
mixing model method is applied for data segmentation on historical observations. The eastern part of the NYA type
neuro-fuzzy system is initiated by the splitting result, while the resulting part is trained using obscure weighted RLS
algorithms based on the same data. Numerical examples based on actual currency exchange data show that the
proposed approach, trained with historical data to predict future foreign exchange rates in the long run, yields
promising results. Although implemented in an offline environment, it could potentially be used in real-time
applications in the future.

Minakhi Rout, Babita Majhi, Ritanjali Majhi, Ganapati Panda, “Forecasting of currency exchange rates using an
adaptive ARMA model with differential evolution based training”[4], Soft and evolutionary computer-based
techniques have been introduced in the literature to overcome the limitations of statistically based methods of
estimating exchange rates. To conduct research in this direction, this paper proposes a simple but promising hybrid
estimation model by combining Autoregressive Moving Average (ARMA) architecture and Differential Evolution
(DE) based training adapting its feed-forward and feed-back parameters. Simple statistical features for each
exchange rate are extracted using the sliding window of the previous data and the forecast model is assigned as input
to train its internal coefficients using the de optimization strategy. The effectiveness of the prediction is measured
using previous exchange rates not used for training purposes. Simulation results using real-life data are presented for
three different exchange rates for one-fifteen months ’further predictions. The results of the developed model are
compared with four other competitive methods such as ARMA-Particle Swarm Optimization (PSO), ARMA-CAT
Swarm Optimization (CSO), ARMA-Bacterial Forging Optimization (BFO) and ARMA-Forbic. The derivative-
based ARMA-FBLMS forecast model exhibits the worst performance of the exchange rate. A comparison of
different performance measures with the training duration of all three evolutionary computer-based models shows
that the proposed ARMA-DE exchange rate forecast model holds higher short- and long-range potentials than
others.

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3. PROBLEM STATEMENT
Creating a real-time currency converter that will take data from authenticated sources that are looking to invest
abroad or perhaps going on holiday will reduce the time it takes to serve customers and they need local currency to
buy goods.

4. ARCHITECTURE

Fig -1: Architecture of Real Time Currency Converter

In this architecture, when the user opens the app, first of all the splash screen will open and the data will be
refreshed. If an internet connection is available, an online currency converter with current currency values will be
shown. Otherwise, no internet connection is available, the currency conversion will be displayed with the user's
permission, and the currency values will be higher than the values last updated.

5. MODULE DESCRIPTION
1. Splash screen
First when we open the app a splash screen will be displayed and if internet connection is available it will
fetch current i.e. real time currency and if internet connection is not available it will fetch last updated currency
valley.

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Fig -2: Splash Screen

2. Offline Currency Converter Screen

If the user does not have internet connection then this version will appear then user can convert values but
it will be modified values at last.

Fig -3: Offline Currency Converter

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Vol-6 Issue-6 2020 IJARIIE-ISSN(O)-2395-4396

3. Online Currency Converter Screen

This screen will appear when the user has internet access and will be a real time updated currency convert
and get it.

Fig -4: Online Currency Converter

6. REFERENCES

[1]. Sergio Bianchi, Alexandre Pantanella, and Augusto Pianese, “Modeling and Simulation of Currency Exchange
Rates Using Multifractional Process with Random Exponent”, International Journal of Modeling and
Optimization.
[2]. Dr. S. Kumar Chandar , Dr. M. Sumathi, Dr S. N. Sivanandam, “Forecasting of Foreign Currency
Exchange Rate Using Neural Network”, Dr. S. Kumar Chandar et al. / International Journal of Engineering
and Technology (IJET).
[3]. Yoke Leng Yonga, YunliLeea, XiaoweiGu, Plamen P Angelov, David Chek Ling Ngo, Elnaz Shafipour,
“Foreign currency exchange rate prediction using neuro-fuzzy systems”, INNS Conference on Big Data
and Deep Learning 2018
[4]. Minakhi Rout, Babita Majhi, Ritanjali Majhi, Ganapati Panda, “Forecasting of currency exchange rates
using an adaptive ARMA model with differential evolution based training”, King Saud University
Journal of King Saud University –Computer and Information Sciences.

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