Currency Converter
Convert between 20+ major currencies with indicative exchange rates instantly.
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Frequently Asked Questions
How are exchange rates determined?
Exchange rates are determined by supply and demand in the foreign exchange (forex) market — the largest financial market in the world with $7.5 trillion/day in volume. Rates are influenced by interest rate differentials, inflation, economic performance, trade balances and market sentiment.
What is the difference between mid-market and retail exchange rates?
The mid-market rate (interbank rate) is the midpoint between buy and sell prices used for large bank-to-bank transactions. Retail rates (what you get at a bank, exchange bureau or PayPal) include a markup of 1-5%. For best rates use services like Wise, Revolut or your bank's international transfer service.
When is the best time to exchange currency?
Exchange rates fluctuate constantly. Avoid airports and hotel exchange desks (worst rates). Use ATMs in the local currency for better rates. For large amounts, watch rates over 2-4 weeks and exchange when the rate is favorable. Forward contracts let businesses lock in rates for future transactions.