Currency Converter
Convert between major world currencies
Calculators on this site provide estimates for general informational purposes only. They are not financial, investment, tax, or legal advice. Consult a qualified professional before making any decision.
How to use Currency Converter
- 1Enter the amount you want to convert and pick the source and target currencies.
- 2Check the rate source and the timestamp shown on the page. The default is the latest available mid-market rate.
- 3Read the converted amount. Remember that banks and payment providers add a margin, so the rate you actually get will be worse than this reference.
How exchange rates are calculated
Target amount = amount × (target rate ÷ source rate)Everything rests on the exchange rate, the price of one currency expressed in another. This tool uses a USD-based cross rate: the amount is first converted into US dollars using the source currency rate, then out again using the target currency rate. The advantage is that any pair can be converted without maintaining a separate quote for every combination.
In practice you meet several different prices. The mid-market rate is the average of buy and sell and is the reference used here. The telegraphic transfer rate applies to account-to-account transfers and carries a small margin. The cash rate applies to physical banknotes and carries the largest margin, because handling, storage and counterfeit risk all have to be paid for. Real transactions usually land 0.5% to 3% away from the mid-market rate, and airport or hotel bureaux can be 5% or more worse.
| Channel | Rate type | Typical margin | What you receive |
|---|---|---|---|
| Reference mid-market | Mid-market | 0% | Full reference value |
| Bank wire transfer | TT selling rate | ≈ 0.3% – 0.8% | Slightly less than reference |
| Bank counter cash | Cash selling rate | ≈ 1% – 2% | Less than reference |
| Airport / hotel bureau | Cash rate | ≈ 3% – 8% | Clearly less than reference |
Mid-market versus what you actually get (converting 10,000 units)
Frequently asked questions
How often is the rate updated?
The foreign exchange market trades around the clock on business days, and the reference rate used here is typically refreshed once a day. For a price you can trade on, use the live quote from your bank or payment provider.
Why is my bank's rate different from the one shown here?
Different price conventions. This page shows the mid-market rate, the midpoint between buy and sell. Your bank quotes a buying or selling rate that includes its operating cost and margin, the spread. That gap is normal, not a data error.
What is the difference between mid-market, transfer and cash rates?
Mid-market is the buy/sell midpoint, used for reference and accounting. The transfer rate applies to electronic account-to-account moves, involves no physical cash and has the smallest spread. The cash rate applies to banknotes and is the widest, because transport, storage and counting must be paid for. For the same currency, the cash buying rate is usually noticeably below the transfer buying rate.
What rate applies when I use my card abroad?
Usually the card network rate on the settlement date, plus a currency conversion fee of about 1% to 1.5%, and sometimes an extra cross-border fee from your bank. If the terminal offers to charge you in your home currency, that is dynamic currency conversion, and its rate is normally worse. Choose the local currency instead.
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