Currency Converter

An exchange rate is the value of one currency relative to another. Rates fluctuate constantly, influenced by market supply and demand, economic indicators (inflation, interest rates, GDP), political events, and central bank policies. Types of exchange rates: The mid-market rate (also called interbank rate) is the 'true' rate you see on Google or financial sites. Banks and exchange services add a margin (spread) on top of this rate — that's how they make money. The rate you actually get when exchanging money is almost always worse than the mid-market rate. Major currency pairs: EUR/USD (Euro/Dollar), USD/JPY (Dollar/Yen), GBP/USD (Pound/Dollar), and USD/CHF (Dollar/Swiss Franc) are the most traded pairs globally and have the tightest spreads. Practical tips: Airport and hotel exchanges typically offer the worst rates. Using a credit card abroad or a dedicated travel card (like Wise or Revolut) usually gives you rates closest to the mid-market rate with low fees. Note: This calculator uses reference rates for informational purposes. Actual transaction rates vary by provider.