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Exchange rate
Convert between 150+ world currencies with indicative exchange rates. Perfect for travel planning, international business, and cross-border finance.
A currency converter tells you how much of one currency you receive in exchange for a given amount of another. At its most basic, this is multiplication by an exchange rate — but the practical utility of a currency converter extends well beyond that simple calculation. Understanding exchange rates, how they are quoted, what determines them, and how the rate you actually receive differs from the rate you see quoted is financially valuable knowledge for anyone who handles money across currencies.
The rate displayed by financial websites and tools like this one is typically the mid-market rate — the midpoint between the buying price (what banks pay to acquire a currency) and the selling price (what they charge to sell it). This mid-market rate is the fairest and most neutral representation of a currency's current value and is the rate used in interbank trading between major financial institutions. It is not, however, the rate that most retail consumers or businesses actually receive when exchanging money. Banks, airport exchange booths, online payment platforms, and remittance services all apply a markup on top of the mid-market rate before quoting you a price. That markup — combined with any flat transaction or service fees — is the real cost of the currency exchange, and it varies enormously between providers.
High-street banks in most markets add a spread of 2–4% above the mid-market rate and often charge additional flat transfer fees. Airport and hotel currency exchange desks typically add 8–12% or more — sometimes substantially more for less-common currency pairs — making them the most expensive option available for any non-emergency exchange. By contrast, specialist online money transfer services that have emerged to serve the international transfer market often quote rates within 0.3–1.5% of the mid-market rate, with all fees disclosed transparently, making them dramatically more cost-effective for meaningful transfer amounts. Understanding this range is what allows you to evaluate any specific quote you receive against the true benchmark.
For everyday reference purposes, travel budgeting, and general international finance planning, this calculator provides the context needed to understand relative currency values and estimate conversion costs. The multi-currency reference grid shows your source amount converted to twelve major world currencies simultaneously, providing a quick overview that is useful for multi-country travel planning or any situation requiring broad currency context rather than a single specific conversion.
🌍 The Rate Gap You Are Paying: The mid-market rate shown in this calculator is the interbank rate — what major financial institutions trade at between themselves. Retail consumers almost never receive this rate directly. To calculate the actual cost of any exchange offer you receive, take the mid-market rate shown here, divide your amount by the offered rate to find what you would actually get, and compare it to dividing your amount by the mid-market rate to find what you should theoretically get. The difference in the two output amounts, divided by the theoretical amount, gives you the provider's effective markup as a percentage.
Currency exchange rates between floating currencies (those not pegged to another currency) fluctuate continuously based on a complex interaction of economic and market factors. Understanding what drives these movements helps you make better decisions about timing significant currency exchanges.
Interest rate differentials between countries are among the most powerful drivers of exchange rate movements. When a central bank raises interest rates, its currency typically appreciates because higher rates attract capital from international investors seeking better returns — capital flows into the country require purchasing the local currency to invest there, increasing demand and pushing the rate higher.
Inflation rate differences between two countries systematically affect their exchange rate over time. A country with persistently higher inflation than its trading partners tends to see its currency depreciate gradually, because higher domestic prices erode the competitive value of exports and reduce the real purchasing power of the currency for international buyers.
Trade balances — the difference between what a country exports and what it imports — affect the supply and demand for its currency. A country that exports more than it imports receives more of its currency in payment for those exports, which supports its value. Persistent trade deficits require outflows of domestic currency to pay for imports, which can put downward pressure on the exchange rate over time.
Political stability and economic confidence play a significant role in currency valuation. Major political events — elections, referendums, significant policy shifts, or geopolitical conflicts — can cause sharp, sudden exchange rate moves as markets reassess a country's economic prospects. During periods of global uncertainty, currencies perceived as "safe havens" — historically the US dollar, Swiss franc, and Japanese yen — tend to appreciate as international investors move capital into these currencies for stability.
International travel: Research the mid-market rate before travelling and use it to evaluate every conversion option you encounter. Withdraw local currency from ATMs in your destination country if possible — your card provider's exchange rate is typically closer to the mid-market rate than any cash exchange option. Always decline the option to pay in your home currency at card terminals abroad — this "dynamic currency conversion" service applies the merchant's or terminal provider's rate, which is reliably inferior to your card network's rate.
International money transfers: For regular international transfers — remittances, salary payments, supplier payments — compare the total cost (spread plus fees) across multiple providers rather than relying on a single bank's offering. The difference between a traditional bank wire transfer and a specialist transfer service can represent 3–8% of the amount transferred, which compounds significantly over regular large transfers. Evaluate providers on their effective exchange rate relative to the mid-market benchmark, not on the presence or absence of stated fees alone, since spread markups are a larger cost component than flat fees for most transfer amounts.
Foreign investments: Returns on investments denominated in foreign currencies have two components: the asset's own performance in its local currency and the movement of the exchange rate between purchase and sale dates. A foreign equity investment gaining 15% in local currency terms can produce a much smaller gain — or even a loss — in your home currency if the exchange rate moved against you during the holding period. This "currency risk" is a core consideration in international portfolio management. Currency-hedged versions of international funds are available for investors who prefer to isolate asset performance from exchange rate movements.
This converter is most useful as a reference benchmark for evaluating exchange offers you receive in real life — comparing what you should theoretically get against what a specific provider is actually offering you in order to calculate the true cost of the exchange.
Use the left dropdown to choose the currency you are converting from. The country flag updates automatically alongside the selection. The list covers 40 major world currencies spanning all major economic regions.
Choose the currency you want to convert into from the right dropdown. If you want to reverse the conversion — find out how much of your current currency you need to buy a specific amount of the target — use the swap button between the two fields. It instantly exchanges both currency selections and recalculates.
Type the amount you want to convert in the left field. The converted result appears in the right field immediately, along with the exchange rate used in both directions displayed in the rate panel beneath. For large amounts, note that even a small percentage difference in the rate from different providers represents a meaningful absolute dollar or unit difference.
Note the mid-market rate shown in the rate panel. When a bank, transfer service, or exchange desk quotes you a rate, compare it to this mid-market figure. The percentage difference between the two is the effective markup you are being charged. This single comparison gives you everything you need to evaluate whether a specific conversion offer represents good, average, or poor value.
The grid at the bottom shows your source amount converted into twelve major world currencies simultaneously. This overview is useful for travel planning across multiple countries, for business invoicing that spans different currency zones, or for any situation where you need a broad contextual view of relative values across currencies rather than a single specific conversion.
The rates shown are indicative reference rates updated periodically — not live streaming quotes. For planning, budgeting, and benchmarking purposes they are accurate and useful. For actual financial transactions where the exact rate matters — large property purchases, business payments, or investment conversions — always confirm the current mid-market rate directly with a live financial data source and secure your actual rate with your chosen provider before committing to the transaction.