Real-time exchange rates for 150+ world currencies
Currency conversion is the process of exchanging one country's currency for another based on current market exchange rates. Whether you\'re traveling abroad, sending money internationally, or conducting cross-border business, knowing the accurate exchange rate is essential. Our free currency converter uses real-time data from the European Central Bank to provide you with up-to-date rates for over 150 world currencies, including major pairs like USD/EUR, GBP/USD, and USD/JPY.
Exchange rates fluctuate constantly due to factors such as interest rate changes, geopolitical events, trade balances, and market speculation. Our tool fetches the latest rates from reliable sources and caches them for one hour to balance accuracy with performance. Enter the amount you wish to convert, select your source and target currencies, and get an instant result — no sign-up or API key required.
This currency converter supports all ISO 4217 currency codes, from widely traded currencies like the US Dollar (USD) and Euro (EUR) to less common ones like the Icelandic Króna (ISK) and Bulgarian Lev (BGN). Bookmark this page for quick access whenever you need a reliable, free foreign exchange calculator.
An exchange rate is the value of one currency expressed in terms of another. For example, if the USD/EUR rate is 0.92, it means 1 US Dollar can be exchanged for 0.92 Euros. Exchange rates are determined by the foreign exchange (forex) market — the largest financial market in the world, with over $7 trillion traded daily. Currencies are always quoted in pairs (e.g., USD/EUR, GBP/USD, USD/JPY) because you're always exchanging one currency for another.
There are two main types of exchange rates. A floating exchange rate (used by most major currencies like USD, EUR, GBP, JPY) is determined by market forces — supply and demand in the forex market. A fixed (or pegged) exchange rate is set and maintained by a country's central bank, which buys and sells its currency to keep it at a target rate relative to another currency or basket of currencies. The Chinese Yuan, for example, is managed within a controlled band rather than freely floating.
The rate you see in this converter is the mid-market rate (also called the interbank rate), which is the midpoint between the buy and sell prices in the global forex market. When you exchange money at a bank or currency exchange, you'll typically receive a slightly less favorable rate because they add a spread (markup) to make a profit. The difference between the mid-market rate and what you actually get can range from 0.5% to 5% or more.
Exchange rates fluctuate constantly — sometimes by the second. Here are the main factors that drive these movements:
Interest Rates: Central banks (like the US Federal Reserve, European Central Bank, and Bank of England) set benchmark interest rates. Higher interest rates tend to attract foreign investment, increasing demand for the currency and raising its value. When a central bank raises rates, the currency typically appreciates.
Inflation: Countries with consistently low inflation tend to see their currency appreciate, as their purchasing power increases relative to other currencies. High inflation erodes a currency's value. Hyperinflation, as seen historically in Zimbabwe and Venezuela, can render a currency nearly worthless.
Economic Performance: Strong GDP growth, low unemployment, and robust trade data increase confidence in a currency. Economic indicators like employment reports, GDP growth figures, and manufacturing data can cause immediate exchange rate movements when released.
Political Stability and Geopolitical Events: Elections, wars, trade disputes, sanctions, and policy changes can dramatically affect currency values. Currencies from politically stable countries (like the Swiss Franc) are often considered "safe havens" that investors flock to during times of uncertainty.
Trade Balance: A country with a trade surplus (exporting more than it imports) generally sees its currency appreciate, as foreign buyers need to purchase the currency to pay for exports. A trade deficit can have the opposite effect.
Market Speculation: Currency traders and investors who anticipate future movements can drive rates through their buying and selling. If traders believe a currency will appreciate, their collective buying can make it happen — a self-fulfilling prophecy.
Here are some frequently searched conversion examples using approximate mid-market rates. Note that actual rates fluctuate constantly — use the converter above for current rates.
USD to EUR: Converting US Dollars to Euros is the most searched currency pair. If the rate is 0.92, then $100 USD = €92 EUR, $500 USD = €460 EUR, and $1,000 USD = €920 EUR.
EUR to GBP: Converting Euros to British Pounds. At a rate of approximately 0.85, €100 EUR = £85 GBP, €500 EUR = £425 GBP.
USD to JPY: Converting US Dollars to Japanese Yen. At a rate of approximately 150, $100 USD = ¥15,000 JPY, $1,000 USD = ¥150,000 JPY.
USD to INR: Converting US Dollars to Indian Rupees. At a rate of approximately 83, $100 USD = ₹8,300 INR, $1,000 USD = ₹83,000 INR.
GBP to USD: Converting British Pounds to US Dollars. At a rate of approximately 1.27, £100 GBP = $127 USD, £500 GBP = $635 USD.
AUD to USD: Converting Australian Dollars to US Dollars. At a rate of approximately 0.66, A$100 AUD = $66 USD, A$500 AUD = $330 USD.
USD to CNY: Converting US Dollars to Chinese Yuan. At a rate of approximately 7.2, $100 USD = ¥720 CNY, $1,000 USD = ¥7,200 CNY.
When converting currency for travel or international transfers, the rate you get can vary significantly between providers. Here's how to minimize costs:
Compare providers: Banks, airport exchange kiosks, online transfer services (like Wise, Revolut, or XE), and credit cards all offer different rates and fees. Airport kiosks typically offer the worst rates. Online services often come closest to the mid-market rate.
Watch out for hidden fees: Some providers advertise "zero commission" but give you a poor exchange rate instead. Always compare the effective rate you're offered against the mid-market rate shown in our converter.
Use local currency when traveling: When paying by card abroad, always choose to pay in the local currency rather than your home currency. "Dynamic currency conversion" (where the merchant offers to charge you in your home currency) typically includes unfavorable rates and extra fees.
Consider timing: While trying to "time the market" is difficult, converting when rates are favorable can save you money. For large transfers, consider using a service that offers rate alerts or forward contracts to lock in a rate.
How often are the exchange rates updated?
Our converter fetches rates from the Frankfurter API (sourced from the European Central Bank) and caches them for one hour. Rates refresh automatically in the background when the cache expires. For real-time trading or large financial transactions, always verify rates with your bank or broker.
Are the exchange rates I see here the same as what my bank will give me?
Not exactly. The rates shown are mid-market (interbank) rates. Banks and currency exchange services add a spread (markup) of 0.5% to 5% or more. Online transfer services like Wise typically offer rates much closer to the mid-market rate.
What is the best time to exchange currency?
The forex market operates 24 hours a day during weekdays, but the most active trading (and therefore the most competitive rates) occurs when multiple major markets overlap — particularly the London/New York overlap (approximately 8 AM to 12 PM EST). However, for most personal conversions, the timing difference is minimal.
How many currencies does this converter support?
Our converter supports over 150 world currencies plus Bitcoin (BTC). All ISO 4217 currency codes are included, from major currencies like USD, EUR, GBP, and JPY to smaller ones like the Mongolian Tugrik (MNT) and Rwandan Franc (RWF).
What is a currency pair?
A currency pair is two currencies quoted together, showing how much of one currency is needed to buy one unit of the other. For example, USD/EUR shows how many Euros one US Dollar buys. The first currency is the "base" currency and the second is the "quote" currency.
Why do exchange rates change so frequently?
Exchange rates fluctuate due to changes in supply and demand in the forex market, which is influenced by interest rate decisions, economic data releases, geopolitical events, trade balances, inflation rates, and market speculation. The market trades trillions of dollars daily, so even small shifts in sentiment can move rates.
Is this currency converter free?
Yes, completely free. There are no fees, no sign-ups, and no limits on how many conversions you can perform. The tool runs in your browser and fetches rates from a free public API.