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Finance

Currency Converter

Convert between major world currencies using approximate exchange rates.

ⓘ Rates are indicative reference rates for general planning. For live trading rates, use a real-time source such as XE.com or your bank.
Converted Amount
0.00
Exchange rate
Rate
1.00
Inverse
1.00

How to Use the Currency Converter

Enter an amount, select the source currency and target currency, and the converter instantly shows the converted amount using reference exchange rates. The inverse rate is also shown so you can quickly understand the exchange in both directions.

These rates are updated periodically for general planning purposes. For real-time rates needed for actual transactions — wire transfers, international purchases, or forex trading — always check a live source such as XE.com, Google Finance, or your financial institution's current rate.

How Currency Conversion Works

Converted Amount = Input Amount / Source Rate × Target Rate (All rates quoted against USD as base currency)

Major Currency Pairs (Approximate 2025)

PairRateNotes
USD/EUR~0.92Euro slightly weaker than USD
USD/GBP~0.79Pound stronger than USD
USD/JPY~149Yen historically weaker
USD/CAD~1.36Canadian dollar slightly weaker
USD/INR~83Rupee significantly weaker

Understanding Bid/Ask Spreads

Banks and currency exchange services profit from the spread between the buy price (bid) and sell price (ask). Airport exchanges often have spreads of 5–10%, costing $50–$100 on a $1,000 exchange. Using a credit card with no foreign transaction fees or a service like Wise (TransferWise) typically yields rates within 0.5–1% of the mid-market rate.

Frequently Asked Questions

No — the rates in this converter are reference rates updated periodically for planning purposes. For live rates needed for actual transactions, use XE.com, Google Finance, your bank's current rate, or a forex platform. Real-time rates fluctuate constantly.
The mid-market rate (also called the interbank rate) is the midpoint between buy and sell rates on the global forex market. It is the 'true' exchange rate without any markup. Banks and exchange services add their margin above this rate. Services like Wise offer rates close to the mid-market rate.
Generally: travel credit cards with no foreign transaction fees, Wise or Revolut for online transfers, and ATM withdrawals abroad using a fee-free debit card (like Schwab) provide the best rates. Airport currency exchanges and hotel exchanges typically offer the worst rates.
Exchange rates fluctuate based on: interest rate differentials between countries, inflation rates, economic growth data, trade balances, political stability, and speculation in currency markets. Major central bank announcements (Fed, ECB, BOJ) are particularly significant rate-moving events.