Currency Converter

Convert amounts between the world's major currencies using a reference exchange rate, handy for getting a quick sense of the approximate value before a trip, a purchase, or a transfer.

When should you use this calculator?

The exchange rate between two currencies expresses how many units of one currency equal one unit of another, and it fluctuates constantly in the foreign exchange (Forex) markets based on supply and demand, each central bank's interest rates, inflation, and each country's economic situation. This calculator uses a reference exchange rate to give you a quick, approximate conversion, useful for getting a sense of the amount before you transact.

The formula is simple: converted amount = amount × exchange rate. For example, if €1 equals $1.08, converting €100 gives 100 × 1.08 = $108.

For real transactions — traveling, buying in another currency, making an international transfer — always check the current exchange rate at your bank, your exchange provider, or a live market source, since the effective rate you're actually charged usually includes a markup or fee on top of the market rate, and that rate changes by the minute.

An important nuance when traveling or buying abroad: the rate your bank or card offers is usually different (worse) than the interbank market rate, because it includes a margin. Comparing the actual rate you're charged with the reference market rate is the best way to tell whether an exchange fee is reasonable.

FAQ

How is the converted amount between two currencies calculated?

Multiply the source amount by the exchange rate between the two currencies: converted amount = amount × exchange rate.

Are this calculator's exchange rates real-time?

No, they're indicative reference values, not a live market feed. For real transactions, always check the current rate at your bank or a market source.

Why is the rate my bank charges me different from what I see online?

Banks and exchange providers typically apply a margin or fee on top of the interbank market rate, so the rate they offer you is almost always somewhat worse than the market rate.

What is the interbank exchange rate?

It's the rate at which large banks trade currencies with each other, and it serves as the reference for all other transactions; individuals usually don't have direct access to this rate.

What factors move the exchange rate between two currencies?

Mainly each central bank's interest rates, inflation, trade balance, political stability, and market expectations about each country's economy.

How can I minimize fees when exchanging money?

Compare the rate you're offered with the reference market rate, avoid exchanging money at airports (they tend to have the worst margins), and consider cards or specialized currency-exchange providers with low fees.

Is the exchange rate the same for buying and selling a currency?

No, there's usually a small spread between the buy and sell price, which is part of how exchange providers make money.

Can I use this calculator to decide when to exchange money?

It's useful for getting an approximate sense of the amount, but it isn't designed for currency trading or decisions that depend on real-time market movements.

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