How to Use the Currency Converter
- Enter the amount you want to convert.
- Choose the currency you're converting from.
- Choose the currency you're converting to.
- See the converted amount and the live exchange rate.
Why exchange rates keep moving
Exchange rates change constantly because currencies are traded around the clock, and their relative value shifts with supply and demand, interest rates, trade flows and market sentiment. The rate you see now may be slightly different minutes later.
The figure quoted by news sites and converters is usually the mid-market rate, the midpoint between the buy and sell prices. It is the fairest reference point, but it is not always the rate you personally get.
Getting a fair rate
Banks, card networks and money-transfer services often add a margin on top of the mid-market rate, plus fixed fees. Two providers can both advertise no fees yet hand you very different amounts because of that hidden margin.
To judge a deal, compare the amount you actually receive against the mid-market rate for the same moment. For larger transfers, even a small percentage difference is worth shopping around for.
Frequently Asked Questions
Where do the exchange rates come from?
Rates are fetched from a free public exchange-rate API and reflect recent mid-market rates. They are for reference and may differ slightly from the rate your bank offers.
How often are rates updated?
Rates refresh when you load the tool. Foreign exchange markets move constantly, so treat the figure as an up-to-date estimate rather than a locked trading rate.
Why is the bank's rate different?
Banks and payment providers add a margin or fee on top of the mid-market rate, so the amount you actually receive is usually a little lower.
Which currencies are supported?
All major world currencies including USD, EUR, GBP, JPY, INR, AUD, CAD and over 150 others available from the rate provider.