Currency Converter
To convert currency, multiply the amount by the exchange rate between the two currencies. If 1 US dollar equals 0.92 euros, then $250 is €230. Rates shown here are mid-market reference rates; banks, card networks and exchange counters add a margin, so the amount you receive is usually a little lower.
Loading today’s rates. Built-in reference rates are shown until then. Banks and card networks add their own margin.
How to use the Currency Converter
- Enter the amount you want to convert.
- Choose the currency you are converting from.
- Choose the currency you are converting to.
- Read the converted amount and the exchange rate for one unit, which update as you type.
Formula
Converted amount = amount × (rate of target currency ÷ rate of source currency)Every currency is quoted against the US dollar, so any pair can be converted through it. The rate line shows the value of one unit of the source currency in the target currency.
Why your bank rate differs
- Banks typically add 2% to 5% to the mid-market rate, plus fixed fees.
- Airport exchange counters often add 5% to 10%.
- Cards may charge a foreign transaction fee of 1% to 3%.
- Dynamic currency conversion at shops and ATMs usually costs more than paying in local currency.
Major currencies
- USD: US dollar, the main global reserve currency.
- EUR: euro, used by most EU member states.
- GBP: British pound.
- JPY: Japanese yen.
- CNY: Chinese yuan.
- CAD and AUD: Canadian and Australian dollars.
Currency Converter questions
How do I convert one currency to another?
Multiply the amount by the exchange rate from the source currency to the target currency. For example, at 0.92 euros per dollar, $250 × 0.92 = €230. Choose the two currencies here and the conversion and the one-unit rate appear immediately.
How accurate are the exchange rates?
They are mid-market reference rates, the midpoint between buying and selling prices in wholesale markets. They are ideal for planning and comparison, but the rate you get from a bank, card or exchange service includes a margin, so always confirm the final amount with your provider.
Why is the rate my bank offers different?
Banks and exchange services add a markup to the mid-market rate and may charge fixed fees. A bank might add 2% to 5%, and airport counters often 5% to 10%. Comparing their quoted rate with the reference rate shows how much the conversion really costs.
How can I avoid high fees when spending abroad?
Use a card with no foreign transaction fees, withdraw cash from bank ATMs rather than exchange counters, and always choose to pay in the local currency when a terminal offers to convert for you. For large transfers, specialist transfer services are usually cheaper than banks.
What should I check for international money transfers?
Look at the total cost, not just the exchange rate: transfer fees, intermediary bank charges and receiving fees all reduce what arrives. Compare the final amount received across providers, and check transfer speed and limits before sending.
What moves exchange rates?
Exchange rates move mainly with interest rate decisions by central banks, inflation, economic growth and trade balances. Elections, policy changes and global events add short-term volatility, which is why rates can shift noticeably within a single day.
Which currencies matter most for international business?
The US dollar is involved in roughly 90% of foreign exchange trades and is the main reserve currency, followed by the euro, Japanese yen and British pound. The Chinese yuan, Canadian dollar and Australian dollar are also important for trade and commodities.
Is there a limit to how much I can convert?
No. You can convert any amount in the calculator. For real transactions, large sums may qualify for better rates from transfer services or banks, so it is worth asking for a quote when converting more than a few thousand.