Currency Converter - Live Rates, 19 Currencies

Whether you are planning an international trip, pricing products for export, sending money to family overseas, or simply curious about how much your money is worth in another country, accurate currency conversion is essential.

Exchange rates fluctuate constantly, and even small differences can add up to significant amounts on larger transactions.

This currency converter provides conversions between over 150 world currencies using exchange rates that are updated regularly. Enter an amount, select your source and target currencies, and get an instant result. The tool supports all major currencies including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR, and dozens more, as well as many lesser-known currencies that are harder to find rate data for.

Exchange rates shown are mid-market rates, which represent the midpoint between buy and sell prices on the global foreign exchange market. These are the fairest representation of a currency’s value. The actual rate you receive from a bank, exchange bureau, or money transfer service will typically include a markup or spread on top of the mid-market rate, which is how they earn their fee. Knowing the mid-market rate gives you a benchmark to evaluate how much any particular service is charging you.

How Exchange Rates Work

A currency exchange rate expresses the value of one currency in terms of another. When you see that the USD/EUR rate is 0.92, it means one US dollar can be exchanged for 0.92 euros. Conversely, the EUR/USD rate of 1.087 means one euro equals about 1.087 US dollars.

Exchange rates are determined by the foreign exchange (forex) market, the largest financial market in the world with daily trading volumes exceeding $7 trillion. Rates fluctuate based on supply and demand, which are influenced by interest rate differentials between countries, inflation rates, trade balances, political stability, economic growth indicators, and market speculation.

Floating vs Fixed Exchange Rates. Most major currencies (USD, EUR, GBP, JPY) operate under a floating exchange rate system, where the rate is determined by market forces. Some countries peg their currency to another currency (typically the USD) at a fixed rate, such as the Hong Kong dollar, which has been pegged to the USD since 1983 at approximately 7.75 to 7.85 HKD per USD. Other countries use a managed float, where the central bank intervenes to keep the rate within a desired range.

The Mid-Market Rate. The mid-market rate (also called the interbank rate or spot rate) is the midpoint between the buy price and the sell price of a currency pair on the open market. It represents the fairest exchange rate at any given moment. This is the rate shown on financial data providers and in this converter. When you actually exchange money, you will typically pay more (when buying foreign currency) or receive less (when selling it) because the provider adds a spread.

Understanding Currency Codes

Currencies are identified by three-letter ISO 4217 codes. The first two letters typically represent the country, and the third letter represents the currency name.

Major world currencies:

USD — United States Dollar
EUR — Euro (used by 20 European Union countries)
GBP — British Pound Sterling
JPY — Japanese Yen
CHF — Swiss Franc
CAD — Canadian Dollar
AUD — Australian Dollar
NZD — New Zealand Dollar
CNY — Chinese Yuan (Renminbi)
INR — Indian Rupee

Regional currencies commonly searched:

MXN — Mexican Peso
BRL — Brazilian Real
KRW — South Korean Won
SGD — Singapore Dollar
HKD — Hong Kong Dollar
THB — Thai Baht
ZAR — South African Rand
AED — United Arab Emirates Dirham
SAR — Saudi Riyal
TRY — Turkish Lira

Factors That Move Exchange Rates

Understanding what drives exchange rate movements helps you make better decisions about when and how to convert currency.

Interest Rates. When a country’s central bank raises interest rates, its currency tends to strengthen because higher rates attract foreign investment seeking better returns. Conversely, rate cuts tend to weaken a currency. The US Federal Reserve, European Central Bank, Bank of England, and Bank of Japan are the most watched central banks.

Inflation. Countries with consistently low inflation tend to have appreciating currencies because their purchasing power increases relative to other currencies. High inflation erodes purchasing power and typically leads to currency depreciation.

Trade Balances. Countries that export more than they import tend to see their currencies strengthen due to foreign demand for their goods (and by extension, their currency). Persistent trade deficits can weaken a currency over time.

Political and Economic Stability. Currencies of politically stable countries with strong economies tend to hold value better. Political uncertainty, government debt crises, or economic downturns can trigger capital flight and currency depreciation.

Market Sentiment and Speculation. In the short term, market psychology and speculative trading can move exchange rates independently of economic fundamentals. News events, economic data releases, and geopolitical developments can cause rapid rate swings.

The True Cost of Currency Exchange

The exchange rate you see in this converter is the mid-market rate. The rate you actually receive when exchanging money will be different because every service provider adds a margin.

Banks typically mark up the exchange rate by 2% to 5% for consumer transactions. They may also charge a flat transaction fee. Credit cards that charge foreign transaction fees typically add 1% to 3% on top of the network exchange rate.

Airport exchange bureaus offer some of the worst rates available, with markups of 5% to 15% or more. The convenience factor comes at a steep cost. If you need to exchange cash for travel, doing it at your home bank before departing usually offers better rates.

Online money transfer services have disrupted the traditional market by offering rates much closer to mid-market. Services in this space typically charge a small percentage (0.5% to 2%) or a flat fee, making them significantly cheaper than banks for international transfers.

ATM withdrawals abroad can be one of the better options for getting local currency. Many banks charge a foreign ATM fee of $3 to $5 plus a 1% to 3% foreign transaction fee, but some banks and credit unions reimburse ATM fees and charge no foreign transaction fee. Using a debit card from one of these banks at a local ATM often yields a rate very close to the mid-market rate.

The comparison: On a $1,000 conversion, a 3% markup costs you $30. A 1% markup costs $10. Over the course of a two-week international trip where you spend $5,000, the difference between a bad rate (5% markup) and a good rate (1% markup) is $200. That is real money worth optimizing for.

Tips for Getting the Best Exchange Rate

Convert at the right time. If you are not in a hurry, monitor the exchange rate for your currency pair over a few weeks. Rates fluctuate daily, and timing your conversion during a favorable swing can save a meaningful amount on large transactions.

Avoid dynamic currency conversion. When paying with a credit card abroad, merchants may offer to charge you in your home currency rather than the local currency. This is called dynamic currency conversion (DCC), and it almost always includes a hidden markup of 3% to 7%. Always choose to pay in the local currency and let your card network handle the conversion at a better rate.

Use fee-free cards for travel. Several credit and debit cards waive foreign transaction fees and offer exchange rates close to mid-market. Getting one of these cards before international travel can save hundreds of dollars.

Do not exchange at hotels or tourist areas. Like airport bureaus, hotel exchange services and tourist-area money changers typically offer poor rates. Seek out bank ATMs or transfer services instead.

Consider forward contracts for business. If your business needs to convert large amounts at a future date, a forward contract lets you lock in today’s exchange rate for a future transaction. This eliminates exchange rate risk but also means you miss out if rates move in your favor.

Major Currency Pairs and Their Characteristics

In forex trading, currency pairs are categorized by trading volume and liquidity.

Major pairs all include the USD and account for the highest trading volumes: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD. These pairs have the tightest spreads and most liquidity.

Cross pairs do not include the USD: EUR/GBP, EUR/JPY, GBP/JPY, AUD/NZD. These pairs can have wider spreads but are still highly liquid.

Exotic pairs involve a major currency and a currency from a developing economy: USD/TRY, USD/ZAR, EUR/PLN, USD/THB. These pairs tend to have wider spreads and can be more volatile.

For travelers, the most important thing is knowing the approximate exchange rate for your destination currency. For business users, understanding the volatility and liquidity characteristics of your currency pair helps you plan timing and hedging strategies.

Frequently Asked Questions

How often are exchange rates updated?

Exchange rates in this converter are updated regularly throughout the day. The forex market operates 24 hours a day, five days a week, so rates change continuously during trading hours. The rates shown are mid-market rates representing the fairest available benchmark.

Why is the rate I get at the bank different from the rate shown here?

This converter shows the mid-market rate, which is the midpoint between buy and sell prices on the forex market. Banks and exchange services add a markup (spread) to this rate to earn their fee. This markup typically ranges from 1% to 5% for consumer transactions, sometimes more at airports or tourist locations.

What is the best way to exchange currency for international travel?

Use a credit or debit card with no foreign transaction fees for most purchases. For cash needs, withdraw from local ATMs using a bank that reimburses foreign ATM fees. Avoid airport exchange bureaus and hotel currency services, which typically offer the worst rates. Always pay in local currency rather than accepting dynamic currency conversion.

What is dynamic currency conversion and should I use it?

Dynamic currency conversion (DCC) is when a foreign merchant offers to charge your card in your home currency instead of the local currency. You should almost always decline this and pay in local currency. DCC typically includes a hidden markup of 3% to 7%, making it one of the most expensive ways to convert currency.

How do I calculate currency conversion manually?

Multiply the amount in the source currency by the exchange rate to get the target currency amount. For example, if the USD to EUR rate is 0.92, then $100 USD x 0.92 = 92 EUR. To convert the other direction, divide: 100 EUR / 0.92 = $108.70 USD.

What are the most traded currencies in the world?

The US Dollar (USD) is the most traded currency, involved in approximately 88% of all forex transactions. The Euro (EUR) is second, followed by the Japanese Yen (JPY), British Pound (GBP), Chinese Yuan (CNY), Australian Dollar (AUD), and Canadian Dollar (CAD).

Do exchange rates include fees?

The mid-market rates shown in this converter do not include any fees or markups. They represent the pure market rate. Any fees, commissions, or spreads charged by banks or exchange services are additional costs that will make your effective rate less favorable than the mid-market rate.

Exchange rates fluctuate continuously. Rates shown are mid-market indicative rates. Data accurate as of: March 2026