Currency Converter
Convert between 25+ major world currencies. See the converted amount and a full comparison table showing what your amount equals in every listed currency.
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Currency Conversion
Understanding Exchange Rates
An exchange rate tells you how much of one currency you get per unit of another. If USD/EUR = 0.92, one US dollar buys 0.92 euros. Exchange rates fluctuate continuously based on economic conditions, interest rate differentials, and market sentiment.
Getting the Best Rates
- Best: Wise, Revolut, or similar services — near mid-market rates
- Good: Credit cards with no foreign transaction fee
- Fair: Your bank's international wire or debit card
- Avoid: Airport kiosks and hotel desks (high spreads)
- Never: "No fee" services that hide costs in poor exchange rates
Worked Example: Converting $1,000 USD to Euros
Suppose the EUR/USD rate is 0.9250. To convert $1,000 USD to euros: $1,000 × 0.9250 = 925 EUR. The inverse rate means 1 EUR buys $1.0811. If your bank applies a 2.5% spread on top of the mid-market rate, your actual conversion rate becomes 0.9019 — you receive only 901.90 EUR, not 925. That 2.5% spread costs you $23.10 on a $1,000 transaction, and scales proportionally with larger amounts.
How Exchange Rates Are Set
The foreign exchange (forex) market is the world's largest financial market, trading over $7 trillion per day. Rates are set by supply and demand between buyers and sellers — banks, central banks, corporations, and speculators. The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices at any moment. It's the fairest benchmark for comparing exchange services, because it has no profit margin built in.
Currency Strength Comparison
| Currency Pair | Approx. Rate | Typical Bank Spread | Better Alternative |
|---|---|---|---|
| USD → EUR | 0.92 | 2–3% | Wise / Revolut |
| USD → GBP | 0.74 | 2–4% | Wise / Revolut |
| USD → JPY | 159 | 1–2% | No-fee credit card |
| USD → CAD | 1.37 | 1–2% | No-fee credit card |
| USD → INR | 93.8 | 3–5% | Wise (best for INR) |
How the Currency Converter Works
This currency converter uses live exchange rates to convert any amount between supported currencies. The rate shown is the midmarket rate — the midpoint between the buy and sell prices. Banks and exchange kiosks add a spread on top of this, typically 2–5% for retail customers, so the actual rate you receive will vary.
Exchange rates fluctuate continuously during forex market hours. For large transactions, confirm the exact rate with your bank or payment provider. Online transfer services like Wise typically offer rates much closer to the midmarket rate than traditional banks.
Frequently Asked Questions
Rates are updated in real time during forex market hours — 24 hours a day, five days a week. Rates may differ slightly on weekends when major markets are closed.
Banks add a profit margin on top of the midmarket rate, typically 2–5% for retail customers. The rate shown here has no markup — the actual cost you pay depends on your bank's spread.
This converter supports all major world currencies including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR, and dozens more. Select source and target currency to convert any amount instantly.
The mid-market rate is the midpoint between what dealers buy and sell currency for — it has no profit margin included. Retail rates are what you actually get from a bank or exchange service after they add their spread (typically 1–5%). This calculator shows mid-market rates; the rate you receive from your bank will be slightly less favorable.
A currency peg fixes one currency's value at a set ratio to another (usually USD). The UAE Dirham (AED) is pegged at 3.67 per USD; the Saudi Riyal (SAR) at 3.75. Pegs provide exchange rate stability and reduce trade uncertainty, but require the central bank to hold large foreign exchange reserves to defend the fixed rate during market pressure.
Use a credit card with no foreign transaction fee (like Charles Schwab Debit, Capital One Venture, or Chase Sapphire) for most purchases — they typically apply mid-market rates. Withdraw local cash from a bank ATM rather than airport exchange kiosks. Avoid dynamic currency conversion (DCC) prompts at point-of-sale that offer to charge you in your home currency — always choose to pay in local currency.