💱 Currency Converter

Convert Currencies with Live Exchange Rates

Whether you're traveling, shopping internationally, sending money abroad, or tracking investments, accurate currency conversion is essential. This converter provides real-time exchange rates for over 150 world currencies, helping you understand the true value of money across different countries. Exchange rates update regularly to reflect current market conditions.

How Exchange Rates Work

Exchange rates represent how much one currency is worth in terms of another. Rates fluctuate constantly based on:

• Economic Factors: Interest rates, inflation, economic growth, and stability
• Political Events: Elections, policy changes, and geopolitical tensions
• Market Supply and Demand: Trading volume and investor sentiment
• Central Bank Actions: Monetary policy and currency interventions

Rates can change multiple times per day, which is why this converter uses live, updated rates.

Common Use Cases

• Travel Planning: Convert your home currency to destination currency to budget for trips
• Shopping Online: Compare prices across international retailers
• Money Transfers: Calculate how much recipients will receive in their local currency
• Investment Tracking: Monitor international investments in your home currency
• Salary Comparisons: Compare job offers or salaries across countries
• Expense Reporting: Convert business expenses from foreign currencies

Understanding Exchange Rate Quotes

Exchange rates are quoted as currency pairs (e.g., USD/EUR = 0.92 means 1 USD = 0.92 EUR). The first currency is the "base" and the second is the "quote" currency. Rates can be quoted either way - USD/EUR or EUR/USD are inverses of each other.

Example: If USD/EUR = 0.92, then EUR/USD = 1.09 (1 ÷ 0.92). This means 1 euro equals 1.09 U.S. dollars.

Major World Currencies

• USD (U.S. Dollar): World's primary reserve currency, used in international trade
• EUR (Euro): Used by 19 European Union countries
• GBP (British Pound): United Kingdom's currency, one of the oldest in use
• JPY (Japanese Yen): Major Asian currency, often used as a safe-haven asset
• CNY (Chinese Yuan): Growing importance in global trade
• AUD (Australian Dollar): Commodity-linked currency
• CAD (Canadian Dollar): Closely tied to oil prices

Exchange Rate Fees and Spreads

Important: The rates shown are mid-market rates (the average between buy and sell rates). When you actually exchange currency:

• Banks and Exchanges: Charge a spread (difference between buy/sell rates) of 2-5%
• Credit Cards: Often charge 2-3% foreign transaction fees plus the exchange rate
• ATMs Abroad: May charge fees plus less favorable rates
• Money Transfer Services: Vary widely - compare rates and fees

Always check the actual rate you'll receive, not just the mid-market rate shown here.

Tips for Getting Better Exchange Rates

Compare Multiple Sources: Rates vary between banks, exchanges, and services. Shop around.

Use Credit Cards Wisely: Many credit cards offer good exchange rates with no foreign transaction fees.

Avoid Airport Exchanges: Typically offer the worst rates due to convenience markup.

Consider Timing: Exchange rates fluctuate - monitor trends if you have flexibility.

Use Local ATMs: Often better rates than currency exchanges, but check fees.

Notify Your Bank: Before traveling, inform your bank to avoid transaction blocks.

Important Notes

Exchange rates shown are estimates based on current market data and may not reflect the exact rate you'll receive from banks, exchanges, or payment processors. Rates fluctuate constantly throughout the day. For large transactions, always confirm the actual rate with your financial institution. This tool is for informational and planning purposes. Historical rates are provided for reference but past performance doesn't predict future rates.