currency_exchange Currency Converter
Convert between world currencies instantly. Calculate exchange rates and see how much your money is worth in any currency for travel, business, or investing.
Enter values and click Calculate.
PDF Document Viewer
Upload a PDF to view alongside your calculations.
Notes
Record your calculation notes here. Saved locally on your device.
Frequently Asked Questions - Currency Converter
What is an exchange rate and how is it determined?
An exchange rate is the price of one currency expressed in another. It is determined by supply and demand in foreign exchange markets, influenced by interest rates, inflation, political stability, and economic performance. Most major currencies float freely, while some are pegged to another currency.
Why do banks and exchange services offer different rates?
The mid-market rate is the true exchange rate between currencies. Banks and exchange services add a markup or spread (typically 2-5%) to make a profit. Credit cards often offer better rates than airport kiosks. Always compare the total cost including fees, not just the rate.
What is the best way to exchange currency when traveling?
Use a credit card with no foreign transaction fees for purchases and a debit card that reimburses ATM fees for cash withdrawals. Avoid airport exchange counters which have the worst rates. Pre-order currency from your bank before traveling for better rates.
How do currency fluctuations affect international investments?
Currency movements can add or subtract from investment returns. If you buy foreign stocks and the foreign currency strengthens against your home currency, your returns are amplified. Conversely, a weakening foreign currency reduces your returns. This is called currency risk or exchange rate risk.
What are the most traded currencies in the world?
The US Dollar (USD) dominates with about 88% of all forex trades. The Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), and Swiss Franc (CHF) are the other major currencies. Together they represent the vast majority of global forex volume.
All Calculators
Explore our full suite of free online calculators.