Whether you are planning international travel, shopping from overseas websites, calculating cross-border business costs, or simply curious about exchange rates, our currency converter provides quick and accurate conversions between 20+ major world currencies. Enter an amount, select your currencies, and get instant results with current market reference rates.
Supported Currencies
Our converter supports over 20 major world currencies including: Major currencies (USD, EUR, GBP, JPY, CNY); Asian currencies (KRW, SGD, HKD, TWD, THB, VND, PHP, MYR); Other popular currencies (CAD, AUD, CHF, INR, RUB, BRL, MXN). The rates are updated regularly to reflect current market conditions.
How Exchange Rates Work
- Bank rates: Include bank fees and spreads, used for actual transactions
- Mid-market rate: The midpoint between buy and sell prices, closest to 'true' exchange rate
- Reference rates: Published by central banks for official purposes
- This tool displays market reference rates for general estimation purposes
Common Use Cases
International travelers use currency converters to budget their trips and understand local prices. Online shoppers compare prices from international retailers. Business professionals calculate costs for international transactions. Expats and remote workers track salary conversions. Investors monitor forex rates for trading decisions.
Tips for Getting the Best Rates
Banks typically offer worse rates than specialized forex services. Compare rates from multiple sources before large transactions. Avoid airport exchange counters which often have the worst rates. Consider using multi-currency cards or digital wallets for travel. Monitor rates over time for large purchases to find favorable moments.
FAQ
Q: How often are exchange rates updated?
A: Different sources update at different frequencies. Forex markets trade 24 hours on weekdays with rates changing constantly. This tool provides reference rates that are updated periodically. For actual transactions, always check with your bank or exchange service.
Q: Why is my bank rate different from this calculator?
A: Banks add a spread (markup) to exchange rates and may charge additional fees. The rate shown here is a market reference rate (mid-market rate), while banks quote different buy and sell rates that are less favorable to customers.
Q: Which currencies are most stable?
A: Generally, major currencies like USD, EUR, GBP, CHF, and JPY are considered more stable due to strong economies and central bank policies. Emerging market currencies tend to be more volatile but may offer higher returns for investors willing to take risks.
Q: What affects exchange rates?
A: Exchange rates are influenced by many factors including interest rates, inflation, trade balances, political stability, economic performance, and market speculation. Central bank policies and global events can cause sudden rate changes.