Quick Answer
Select your source and target currencies, enter the amount, and click Convert. Rates are live mid-market rates — the midpoint between buy and sell prices. Note that banks and exchange services charge a spread, so the rate you receive when physically exchanging money will be slightly worse.
About this currency converter
This converter fetches live exchange rates and lets you convert between 30+ major currencies instantly. Rates shown are mid-market rates, the midpoint between buy and sell prices.
How exchange rates work
Exchange rates fluctuate continuously based on supply and demand in global forex markets, influenced by economic data, central bank policy, and market sentiment.
Mid-market vs. bank rates
Banks charge a spread between the rate they buy at and sell at. The rate you receive when converting money is always slightly worse than the mid-market rate. For large transfers, comparing providers can save significant amounts.
Frequently asked questions
How do currency exchange rates work?
An exchange rate is the price of one currency expressed in another. Rates float based on supply and demand in the foreign exchange market, influenced by central bank policies, inflation, and economic data.
What is the difference between buy rate and sell rate?
Banks quote two rates: the buy rate (what they pay when you sell currency) and the sell rate (what they charge when you buy). The difference is the spread, which is their profit margin.
Why do exchange rates change constantly?
Currency markets trade around the clock. Rates respond to economic data releases, central bank decisions, geopolitical events, and shifts in investor sentiment, sometimes moving significantly within hours.
What is the mid-market rate?
The mid-market rate is the midpoint between the buy and sell rates. It is the fairest benchmark for comparing exchange rates. Services like Wise and Revolut aim to offer rates close to the mid-market rate.