💱 Currency Converter
Convert between 30+ world currencies. Rates are approximate reference rates — for financial transactions, always verify with your bank or broker.
⚠️ Note: Exchange rates below are representative rates. For real-time rates, use your bank or a live forex service. These rates are updated periodically.
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Exchange Rate
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Inverse Rate
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Mid-market rate
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Multi-Currency Comparison
See your amount converted to all major currencies at once:
Understanding Exchange Rates
An exchange rate is the price of one currency expressed in another. The rate between USD and EUR of 0.92 means 1 US Dollar buys 0.92 Euros, or equivalently, 1 Euro costs $1.087 USD.
Types of Exchange Rates
| Type | Description | Where Used |
|---|---|---|
| Spot Rate | Current market rate for immediate delivery | Forex trading, banks |
| Forward Rate | Pre-agreed rate for future transaction | Business hedging |
| Cross Rate | Rate between two non-USD currencies | EUR/JPY, GBP/CHF |
| Effective Rate | Weighted average of trade partner rates | Economic analysis |
Why Do Exchange Rates Fluctuate?
- Interest rates: Higher interest rates attract foreign capital, strengthening the currency.
- Inflation: Higher inflation weakens purchasing power and tends to depreciate a currency.
- Economic performance: Strong GDP growth and employment attract investment.
- Political stability: Political uncertainty drives investors to safe-haven currencies (USD, CHF, JPY).
- Trade balance: Countries that export more than they import tend to have stronger currencies.
What are safe-haven currencies? +
Safe-haven currencies tend to hold or increase in value during global economic uncertainty: the US Dollar (USD) — world's reserve currency; Swiss Franc (CHF) — Switzerland's political neutrality and strong banking sector; Japanese Yen (JPY) — Japan's large current account surplus; and to some extent the Euro (EUR) and British Pound (GBP). During crises like COVID-19, investors typically flee to these currencies.
What is the difference between bid and ask rates? +
The bid rate is the price a bank or broker will buy a currency from you. The ask rate is the price they'll sell it to you. The difference (the spread) is how banks profit from currency exchange. For major currency pairs like EUR/USD, spreads are tiny (0.01–0.1%). For exotic currencies, spreads can be 1–3%+. Always compare a few sources before converting large amounts.
📊 Real-World Data
Live economic data from the World Bank Open Data API — automatically updated. Click any column header to sort.
ℹ️ High inflation erodes currency value. A currency with 20% inflation loses half its purchasing power in ~3.5 years.
ℹ️ PPP-adjusted GDP per capita — the best measure of living standards and real purchasing power across currencies.