Currency Converter
Convert between different currencies with real-time exchange rates
Currency Converter
Recent Conversions
Popular Exchange Rates
Currency Information
Exchange rates fluctuate based on global economic factors, including inflation, interest rates, political stability, and trade balances.
When traveling abroad, it's often more economical to use local ATMs rather than currency exchange services, which typically charge higher fees.
Major currency pairs like EUR/USD, USD/JPY, and GBP/USD are the most traded in the foreign exchange market.
Currency Conversion Tips
Best Time to Exchange
Monitor exchange rates and try to exchange when rates are favorable. Currency markets are most active during overlapping trading hours between major financial centers.
Avoid Airport Exchanges
Currency exchange services at airports typically offer less favorable rates. Consider exchanging a small amount for immediate needs and using ATMs for the rest.
Use Credit Cards Wisely
Many credit cards offer competitive exchange rates with no foreign transaction fees. Check your card's policy before traveling internationally.
Understanding Exchange Rates
Direct vs. Indirect Quotes
A direct quote shows how much domestic currency is needed to buy one unit of foreign currency. An indirect quote shows how much foreign currency you can buy with one unit of domestic currency.
Bid and Ask Prices
The bid price is what buyers are willing to pay, while the ask price is what sellers are asking for. The difference between them is the spread, which represents the transaction cost.
Factors Affecting Rates
Exchange rates are influenced by economic indicators, central bank policies, political events, market sentiment, and trade balances between countries.