Currency Calculator
Convert between major world currencies with real-time exchange rates. Get accurate currency conversion rates and track exchange rate trends over time.
Currency Converter
Convert between major world currencies with real-time exchange rates
Popular Currency Conversions
Current exchange rates for major currency pairs
Quick Conversion Reference
Common amounts in USD to EUR
How to Convert Currency
Quick Answer: To convert currency, multiply the amount by the current exchange rate. For example, $1,000 USD × 0.92 EUR/USD = €920 EUR (rates change constantly).
Exchange rates fluctuate based on economic factors, market conditions, and geopolitical events. Always check current rates before making large currency exchanges, and consider fees charged by banks or exchange services.
What Affects Exchange Rates?
Key factors that influence currency values
Economic Factors
- • Interest Rates: Higher rates attract foreign investment
- • Inflation: Lower inflation typically strengthens currency
- • GDP Growth: Strong economic growth boosts currency value
- • Employment: Low unemployment indicates economic health
- • Trade Balance: Export surplus strengthens currency
Market Factors
- • Political Stability: Stable governments attract investment
- • Central Bank Policy: Monetary policy affects currency value
- • Market Sentiment: Investor confidence drives demand
- • Global Events: Wars, pandemics affect safe-haven currencies
- • Speculation: Large trades can move exchange rates
Major Currency Pairs
The most traded currency pairs globally
EUR/USD (Euro/US Dollar)
Most traded currency pair worldwide
Accounts for ~24% of daily forex volume
USD/JPY (US Dollar/Japanese Yen)
Second most traded pair
Popular for carry trade strategies
GBP/USD (British Pound/US Dollar)
Known as "Cable"
Highly liquid and volatile pair
USD/CHF (US Dollar/Swiss Franc)
Safe-haven currency pair
Swiss Franc is considered stable
AUD/USD (Australian Dollar/US Dollar)
Commodity-linked currency
Influenced by gold and oil prices
USD/CAD (US Dollar/Canadian Dollar)
Known as "Loonie"
Affected by oil prices and trade
Currency Exchange Tips
How to get better exchange rates and avoid fees
Getting Better Rates
- • Compare rates from multiple providers
- • Use online currency exchange services
- • Avoid airport and hotel exchange counters
- • Exchange larger amounts less frequently
- • Consider using credit cards with no foreign fees
- • Monitor rates and time your exchanges
Avoiding Fees
- • Check for hidden fees and commissions
- • Avoid dynamic currency conversion
- • Use ATMs affiliated with your bank abroad
- • Consider digital banking solutions
- • Read the fine print on exchange services
- • Use peer-to-peer exchange platforms
Frequently Asked Questions
Common questions about currency conversion
How accurate are the exchange rates?
Our exchange rates are updated regularly from reliable financial data sources. However, actual rates may vary slightly depending on your bank or exchange service. Always check with your financial institution for the exact rates they offer.
What currencies can I convert?
Our calculator supports major world currencies including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR, KRW, MXN, BRL, and SGD. This covers the most commonly traded currencies worldwide.
Why do exchange rates change?
Exchange rates fluctuate based on various economic factors including interest rates, inflation, economic stability, political events, trade balances, and market speculation. These rates change constantly during trading hours.
What's the difference between mid-market and bank rates?
Mid-market rates are the rates banks use when trading with each other. Consumer rates from banks and exchange services typically include a markup (spread) of 2-4% above the mid-market rate to cover their costs and profit.
When is the best time to exchange currency?
There's no perfect time to exchange currency as rates are unpredictable. For large amounts, consider: monitoring rates over time, using limit orders, avoiding airports and tourist areas, and comparing multiple providers.
How do I get the best exchange rates?
To get better rates: compare multiple providers, use online currency services, avoid dynamic currency conversion when traveling, consider using credit cards with no foreign transaction fees, and exchange larger amounts less frequently.
What affects currency strength?
Currency strength is influenced by: economic growth, interest rates, inflation, political stability, trade balance, foreign investment, central bank policies, and global economic conditions.
Can I use this for business purposes?
While our calculator provides accurate estimates, businesses should use official financial services for actual transactions. Consider factors like settlement times, transaction fees, and risk management for business currency exchanges.
Foreign Exchange Market Information
Market Hours
- • Sydney: 5:00 PM - 2:00 AM EST
- • Tokyo: 7:00 PM - 4:00 AM EST
- • London: 3:00 AM - 12:00 PM EST
- • New York: 8:00 AM - 5:00 PM EST
Forex markets operate 24/5, Monday to Friday
Market Statistics
- • Daily volume: $7.5 trillion
- • Most active: London (43%)
- • USD involved in 88% of trades
- • EUR involved in 31% of trades
- • Most volatile: Asian session
Key Economic Events
- • Central bank meetings
- • Employment reports
- • GDP releases
- • Inflation data
- • Trade balance reports
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