Currency Converter
Convert between world currencies with live exchange rates.
Convert Currency
Amount
▼
Convert To
▼
Custom Exchange Rate (Optional)
Override with your own rate if needed
Conversion Result
1,000.00 USD
↓
920.50
Euro (EUR)
Exchange Rate
1 USD = 0.9205 EUR
Inverse Rate
1 EUR = 1.0864 USD
Quick Reference
Popular Exchange Rates (from USD)
How Exchange Rates Work
Exchange rates represent how much one currency is worth in terms of another. They fluctuate constantly based on supply and demand in the foreign exchange (forex) market.
Converted Amount = Original Amount × Exchange Rate
Example: 1,000 USD × 0.92 = 920 EUR
Example: 1,000 USD × 0.92 = 920 EUR
Rates are influenced by interest rates, inflation, political stability, economic performance, and market speculation.
Major World Currencies
Currency
Code
Region
US Dollar
USD
United States
Euro
EUR
Eurozone (20 countries)
Japanese Yen
JPY
Japan
British Pound
GBP
United Kingdom
Chinese Yuan
CNY
China
The USD, EUR, JPY, and GBP are the four most traded currencies, making up over 75% of daily forex volume.
Tips for Currency Exchange
- Avoid airport exchanges: They typically offer 10-15% worse rates than banks or online services.
- Use local ATMs abroad: Often provides better rates than exchanging cash, but check for fees.
- Pay in local currency: When given the choice, always pay in local currency to avoid dynamic currency conversion fees.
- Compare services: Banks, credit unions, and online services like Wise offer different rates and fees.
- Watch for hidden fees: A “no commission” sign often means the fee is built into a worse exchange rate.
Bid, Ask, and Mid-Market Rates
- Mid-market rate: The “real” exchange rate, midpoint between buy and sell rates. This is what you see on Google.
- Bid rate: What banks will pay you when you sell foreign currency.
- Ask rate: What banks charge you when you buy foreign currency.
- Spread: The difference between bid and ask is the bank’s profit margin, typically 1-3% for major currencies.
Important Notes
- Rates are indicative: This calculator uses reference rates. Actual rates from banks and exchange services will differ.
- Rates change constantly: Forex markets operate 24/5, so rates fluctuate by the second during market hours.
- Large transactions: For amounts over $10,000, consider using a forex broker for better rates.
- Transfer timing: International transfers can take 1-5 days, during which rates may change.