Currency Converter

Convert between 30+ world currencies with live exchange rates updated daily.

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Exchange Rate
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How to Use This Currency Converter

  1. Enter an amount -- type the value you want to convert. You can use commas for readability (e.g., 1,000 or 25,000.50).
  2. Select your currencies -- choose the source ("From") currency and target ("To") currency from the dropdown menus. Over 30 major world currencies are supported.
  3. View instant results -- the converted amount updates automatically as you type. You'll also see the exchange rate and its inverse.
  4. Swap currencies -- click the swap button between the dropdowns to quickly reverse the conversion direction.
  5. Share your conversion -- copy the shareable URL to send a specific conversion to someone else.

Understanding Exchange Rates

An exchange rate is the price of one currency expressed in terms of another. For example, if the USD/EUR rate is 0.92, it means 1 US Dollar equals 0.92 Euros. Exchange rates fluctuate constantly during trading hours based on supply and demand in the foreign exchange (forex) market, which is the largest financial market in the world with over $7.5 trillion in daily trading volume.

Mid-Market Rate vs. Bank Rate

This converter displays the mid-market rate, which is the midpoint between the buy and sell prices of a currency pair. It represents the fairest possible exchange rate. When you exchange money at a bank, airport kiosk, or money transfer service, the rate you receive will typically be 1-5% worse than the mid-market rate. This markup is how these businesses earn revenue. To get the best deal, compare the rate you're offered against the mid-market rate shown here.

Factors That Affect Exchange Rates

Currency values are influenced by numerous economic factors including interest rates (higher rates attract foreign investment), inflation (lower inflation generally strengthens a currency), trade balances (countries that export more than they import tend to have stronger currencies), political stability (uncertainty weakens currencies), and central bank policies (quantitative easing, rate decisions). Major events like elections, natural disasters, or geopolitical conflicts can cause sudden currency movements.

Tips for International Money Transfers

When sending money internationally, consider these strategies to minimize costs: Compare providers -- services like Wise, Remitly, and OFX often offer better rates than traditional banks. Avoid airport exchanges -- they typically have the worst rates with markups of 5-10%. Watch for hidden fees -- some providers advertise "zero fees" but compensate with a wider spread on the exchange rate. Time your transfer -- if the transfer isn't urgent, monitor rates for a few days to catch a favorable movement. Use rate alerts -- many services let you set a target rate and notify you when it's reached.

Common Currency Symbols

Every currency has a three-letter ISO 4217 code: USD (US Dollar, $), EUR (Euro, €), GBP (British Pound, £), JPY (Japanese Yen, ¥), CHF (Swiss Franc, Fr), CAD (Canadian Dollar, C$), AUD (Australian Dollar, A$), CNY (Chinese Yuan, ¥), and INR (Indian Rupee, ₹). These codes are standardized by the International Organization for Standardization and used worldwide in financial systems.

Frequently Asked Questions

The exchange rates used in this converter are updated once per day from the Open Exchange Rates API. Rates reflect mid-market rates and may differ slightly from what banks or money transfer services offer due to their markup or spread.
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of two currencies on the global market. It is the fairest exchange rate available and is used by banks when trading among themselves. Consumer exchange rates typically include a markup above this rate.
Banks and money transfer services add a margin (spread) to the mid-market rate to make a profit. This markup can range from 1% to 5% or more. The rate shown here is the mid-market rate, which serves as a benchmark to compare different providers.
This converter supports over 30 major world currencies including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR, MXN, BRL, KRW, SGD, HKD, NOK, SEK, DKK, NZD, ZAR, THB, PHP, MYR, IDR, TRY, SAR, AED, PLN, CZK, HUF, and ILS.
Yes, to some extent. The converter caches the most recent exchange rates in your browser for up to one hour. If you lose your internet connection within that window, it will use the cached rates and display a notice showing when they were last updated.