Currency Converter
Convert between world currencies easily using live exchange rates.
Last updated: --
🏆 Real-Time Exchange Rates
Everything you need to know about using this calculator and the math behind it.
How it Works
This tool multiplies your input amount by the current market exchange rate between your selected base currency and target currency.
The Formula
Target Amount = Base Amount × Exchange Rate.
Pro Tip
Exchange rates fluctuate constantly. Always check the live rate before making international transfers.
Frequently Asked Questions
What is the mid-market exchange rate? +
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of two currencies in the global forex market — it's the "real" exchange rate without any markup. Banks, credit card companies, and money transfer services all add a spread (markup) above this rate. Services like Wise (TransferWise) aim to use or get close to the mid-market rate for transfers.
Why is the rate at the airport worse than online? +
Airport and hotel currency exchange kiosks typically charge spreads of 10–15% above the mid-market rate, plus additional flat fees. They profit from captive travellers who need cash urgently. Better alternatives: use a bank ATM abroad (your bank's foreign transaction fee is usually 1–3%), get a no-foreign-transaction-fee credit card, or use Wise/Revolut for digital payments and cash loading before travel.
What causes exchange rates to change? +
Exchange rates are driven by supply and demand for currencies, which in turn is influenced by: interest rate differentials between countries (higher rates attract capital), inflation rates, trade balances (import/export flows), GDP growth, political stability, and central bank interventions. Major economic events — like Fed rate decisions or geopolitical crises — can move currencies significantly within hours.
How do I send money internationally at the best rate? +
Compare: Wise (low spread, transparent fees, best for most transfers), Revolut (good rates with fee-free limits), PayPal (convenient but high fees — up to 5%), bank wire (slow, $25–$50 flat fee, poor rate), and local cash transfer services (Western Union, MoneyGram — often expensive for large amounts). Always calculate the all-in cost including both fees AND the exchange rate spread.
What is currency hedging? +
Currency hedging involves using financial instruments to lock in an exchange rate for a future transaction, protecting against adverse rate movements. Businesses that invoice internationally use forward contracts to fix a rate months ahead. Individual travellers can "hedge" by purchasing foreign currency in advance when rates are favorable. While hedging reduces risk, it also removes the potential benefit if rates move in your favor.