Planning a trip, shopping online, or managing international payments? Get accurate and up-to-date currency conversions with our Free Online Currency Converter. Using live mid-market exchange rates, this tool provides a reliable and easy way to calculate the value of your money across the globe.

How to Use the Currency Converter

Get an accurate conversion in three simple steps:

1. Enter the Amount: Type the amount of money you want to convert.
2. Select Currencies: Choose your "From" and "To" currencies from the dropdown lists. You can click the swap button `↔` to quickly reverse them.
3. Click Convert: The converted amount will be displayed based on the latest mid-market exchange rates.

What Are Exchange Rates?

An exchange rate is the value of one nation's currency for the purpose of conversion to another. For example, if the USD to EUR exchange rate is 0.92, it means one U.S. Dollar is worth 0.92 Euros. These rates are constantly changing on the open market.

Why Do Exchange Rates Fluctuate?

Currency values are determined by supply and demand in the foreign exchange (forex) market. Several key factors influence these fluctuations:

• Interest Rates: Higher interest rates tend to attract foreign investment, increasing demand for and value of a country's currency.
• Inflation: A country with consistently lower inflation exhibits a rising currency value, as its purchasing power increases relative to other currencies.
• Economic Performance: Strong economic growth, high GDP, and low unemployment can boost investor confidence and strengthen a currency.
• Political Stability: Countries with stable political environments are seen as safer for investment, which supports their currency value.

Our tool uses data from a reliable financial data provider to give you the current mid-market rate—the midpoint between the buy and sell rates on the global currency markets.

Frequently Asked Questions (FAQ)

Q1: Are the exchange rates in this tool live?

Yes. The rates are updated regularly throughout the day to reflect current market conditions. They are based on the latest available data from financial markets to ensure the highest possible accuracy for an online tool.

Q2: Why is the rate I get from my bank different?

This tool shows you the mid-market rate, which is the real exchange rate without any added fees. Banks, credit card companies, and currency exchange services typically add a "spread" or margin to this rate as their fee for the service. The rate you see here is the best benchmark for what your money is actually worth.

Q3: Can I use this tool for trading or financial advice?

No. This tool is for informational purposes only and should not be used as financial advice for trading forex. The rates provided are a reliable guide for general conversions but are not guaranteed "buy" or "sell" rates from any financial institution.