Live Currency Converter
Need to convert currencies with the latest rates? Our Free Live Currency Converter provides up-to-date exchange rates for major world currencies. Enter an amount, select your currencies, and get an instant conversion. Fast, simple, and reliable for your everyday conversion needs.
Convert Currency
How to Use This Converter
- Enter Amount: Input the amount of money you wish to convert.
- Select 'From' Currency: Choose the currency you are converting from in the first dropdown.
- Select 'To' Currency: Choose the currency you are converting to in the second dropdown.
- View Result: The converted amount will display instantly. The exchange rate used and its inverse will also be shown.
- Swap (Optional): Click the 'Swap' button to quickly reverse the 'From' and 'To' currencies.
Understanding Exchange Rates
An exchange rate is the value of one country's currency expressed in terms of another country's currency. These rates fluctuate constantly based on a multitude of factors in the global foreign exchange (forex) market, including supply and demand, economic performance, interest rates set by central banks, geopolitical events, and market speculation.
This calculator typically uses mid-market rates. The mid-market rate is the midpoint between the buy (bid) and sell (ask) prices of two currencies in the wholesale market. It's considered the 'fairest' rate but is generally not available directly to consumers. When you exchange currency at a bank, an exchange bureau, or through a money transfer service, they will typically add a margin or 'spread' to this rate, and may also charge commission fees. This is how they make a profit and cover their operational costs.
Rate Information
Source of Rates: Exchange rates displayed by this calculator are sourced from a reputable third-party provider (e.g., ExchangeRate-API.com). The specific provider will be noted with the 'last updated' timestamp.
Last Updated: The "Rates last updated" timestamp, shown with your conversion result, indicates when the underlying exchange rate data was last fetched from our provider. For V1, this is targeted for daily updates.
Tips for Getting the Best Exchange Rates
- Compare Providers: Don't settle for the first option. Banks, credit unions, online money transfer services, and currency exchange bureaus all offer different rates and fees.
- Beware of "No Fee" Claims: Services claiming "no fees" often build their profit into a less favorable exchange rate. Always compare the final amount you'll receive.
- Avoid Airport Exchanges: Airport kiosks are convenient but typically offer the worst exchange rates and highest fees.
- ATMs Abroad: Withdrawing cash from a local ATM in your destination country using your debit card can often provide good rates, but be aware of your bank's foreign transaction fees and local ATM fees.
Frequently Asked Questions (FAQ)
FAQ Index
- How are exchange rates determined?
- What is a "mid-market" exchange rate?
- How often are the rates on this calculator updated?
- Can I get these exact rates from my bank or a currency exchange?
- How do I convert USD to EUR (or any two currencies)?
- What's the best way to get foreign currency for travel?
- Does this currency converter include transaction fees?
- How many currencies does this converter support?
- What does the 'Swap Currencies' button do?
- Can I see historical exchange rates with this tool?
Exchange rates are determined by the supply and demand for currencies in the foreign exchange market. Factors like interest rates, economic stability, inflation, political events, and market speculation can all influence these rates.
The mid-market rate (also known as the interbank rate) is the midpoint between the buy and sell prices of two currencies on the open market. This calculator shows mid-market rates. Consumer rates from banks or exchange services will include a spread or commission.
The exchange rates displayed are updated regularly from our data provider. Please see the "Rates last updated" timestamp shown below the conversion for the most current information.
Typically, no. Banks and currency exchange services add a markup (spread) to the mid-market rate to cover their costs and make a profit. The rates you see here are for informational purposes.
Simply enter the amount you wish to convert in the 'Amount' field, select 'USD' (or your starting currency) from the 'From' dropdown, and select 'EUR' (or your target currency) from the 'To' dropdown. The result will update automatically.
Options include withdrawing from ATMs abroad (often good rates but check fees), ordering from your bank before you go, or using currency exchange services. Avoid airport exchanges if possible, as they often have higher fees and less favorable rates.
No, this calculator shows the mid-market exchange rate and does not include any potential transaction fees, commissions, or spreads that banks or money transfer services may apply.
This converter supports most major world currencies. Please check the dropdown menus for a full list.
The 'Swap Currencies' button instantly reverses your selected 'From' and 'To' currencies, allowing you to quickly see the conversion in the opposite direction without re-selecting from the dropdowns.
Currently, this tool provides the latest available exchange rates for conversion. Historical rate charts are not a feature of this version but may be considered for future updates.