💱 Currency Converter
Enter an amount and select currencies to convert instantly
🌍 Exchange Rates — 1 USD equals:
Reference rates onlyHow to Use the Currency Converter
Our free currency converter makes it easy to calculate exchange rates between 30+ world currencies instantly. Simply enter the amount you want to convert, select your source currency and your target currency — the result updates automatically.
Use the swap button to quickly reverse the conversion direction. Click any quick amount button to instantly see common conversion amounts. The rates table below the converter shows how your selected base currency compares to all other available currencies at once.
About Exchange Rates
Currency exchange rates fluctuate constantly based on global economic factors including interest rates, inflation, political events and market supply and demand. The rates in our calculator are approximate reference rates based on typical market rates and are updated periodically. For actual financial transactions always use the rate provided by your bank, broker or licensed money exchange service.
Major World Currencies
- USD (US Dollar) — The world's primary reserve currency, used in most international trade
- EUR (Euro) — Used by 20 European Union countries, second most traded currency globally
- GBP (British Pound) — One of the oldest and highest-valued currencies in the world
- JPY (Japanese Yen) — Third most traded currency, often used as a safe-haven currency
- CNY (Chinese Yuan) — Currency of the world's second largest economy
- CAD (Canadian Dollar) — Closely tied to commodity prices especially oil
- AUD (Australian Dollar) — Influenced by commodity exports and Asian trade
Tips for Getting the Best Exchange Rate
- Compare rates from multiple banks and exchange services before converting
- Avoid airport currency exchange booths — they typically offer the worst rates
- Use a credit card with no foreign transaction fees when traveling internationally
- ATM withdrawals abroad often give better rates than cash exchange offices
- For large amounts consider using a specialist foreign exchange broker
Currency Converter — Understanding Exchange Rates and Foreign Currency
Currency conversion is the process of exchanging one country's currency for another at a current exchange rate. Exchange rates fluctuate continuously based on supply and demand in the global foreign exchange (forex) market — the largest financial market in the world with over $7 trillion traded daily. Understanding how exchange rates work, why they change and how to get the best rates helps you save money on international transfers, travel purchases and global business transactions.
How Exchange Rates Work — Bid, Ask and Mid-Market Rate
Every currency pair has two rates: the bid (what a buyer will pay) and the ask (what a seller wants). The difference is called the spread — the profit margin for banks and exchange services. The mid-market rate (also called the interbank rate or spot rate) is the midpoint between bid and ask — the fairest, most accurate rate. Our calculator uses mid-market rates. When you exchange money at a bank or airport bureau, you pay the ask price and receive less than mid-market rate — the difference goes to the exchange provider as profit. Online transfer services like Wise and Revolut typically offer rates much closer to mid-market, often saving 3-5% compared to traditional banks. Use our percentage change calculator to calculate exactly how much markup you are paying above the mid-market rate.
| Service Type | Typical Spread | Cost on $1,000 | Best For |
|---|---|---|---|
| Airport Bureau | 5–12% | $50–$120 | Emergency only |
| High Street Bank | 2–5% | $20–$50 | Large amounts |
| ATM Abroad | 1–3% + fee | $10–$35 | Travel cash |
| Online Transfer (Wise) | 0.4–1% | $4–$10 | International transfers |
| No-fee Travel Card | 0–0.5% | $0–$5 | Travel purchases |
Major World Currencies and Their Codes
International currency codes (ISO 4217) provide standardised three-letter abbreviations for every currency. The first two letters indicate the country and the third typically indicates the currency name. USD (United States Dollar), EUR (Euro), GBP (British Pound Sterling), JPY (Japanese Yen), CNY (Chinese Yuan Renminbi), INR (Indian Rupee) and AUD (Australian Dollar) are the most traded currencies globally. The EUR/USD pair (euro vs US dollar) is the most traded currency pair in the world, representing approximately 23% of daily forex volume. Knowing the correct currency code prevents confusion between similarly named currencies (e.g. the Canadian Dollar CAD vs Australian Dollar AUD vs US Dollar USD).
| Currency | Code | Symbol | Daily Volume |
|---|---|---|---|
| US Dollar | USD | $ | #1 (88% of trades) |
| Euro | EUR | € | #2 (32% of trades) |
| British Pound | GBP | £ | #3 (13% of trades) |
| Japanese Yen | JPY | ¥ | #4 (17% of trades) |
| Indian Rupee | INR | ₹ | Top 20 |
Factors That Move Exchange Rates
Exchange rates are determined by supply and demand in the forex market, which is influenced by multiple macroeconomic factors. Interest rate differentials are the most powerful driver — when a country's central bank raises interest rates, its currency typically strengthens because higher returns attract foreign capital. Inflation rates matter because higher inflation erodes purchasing power and weakens a currency over time. Trade balances affect currency demand — countries that export more than they import see demand for their currency increase. Political stability, economic growth data (GDP), unemployment figures and government debt levels all influence investor confidence and currency valuation. Major geopolitical events can cause sharp short-term moves even when fundamentals haven't changed.
Sending Money Internationally — How to Save on Transfers
International money transfers involve exchange rate conversion plus transfer fees. Traditional bank wire transfers often charge $15-$50 flat fees plus a 2-4% exchange rate markup — on a $5,000 transfer that could cost $115-$250 in total. Online transfer services like Wise (TransferWise), Remitly, Western Union and PayPal offer significantly lower fees and better rates for most corridors. For regular transfers (e.g. sending money to family abroad monthly), setting up a recurring transfer at the best available service saves substantially over time. Always compare the mid-market rate to your provider's offered rate to understand the true cost, not just the fee. Use our savings calculator to calculate how much you could accumulate by reducing international transfer costs over time.
Currency Risk for Businesses and Investors
Currency risk (also called exchange rate risk or forex risk) affects any business or investor with exposure to foreign currencies. An exporter who invoices in foreign currency faces risk that the currency will weaken before payment arrives, reducing the home-currency value of the sale. An investor holding foreign assets faces the same risk — gains in the asset price can be partially or fully offset by an unfavourable currency move. For businesses, the primary management tools are invoicing in your home currency where possible, using forward contracts to lock in rates for expected future transactions and maintaining natural hedges by matching foreign currency revenues with costs in the same currency. Multinational companies often employ dedicated treasury teams and sophisticated hedging programmes to manage currency exposure across dozens of currency pairs simultaneously.