What is a currency converter and how does it work?

A currency converter is a financial tool that calculates how much one currency is worth in another currency using real-time or daily exchange rates. It works by multiplying the amount you want to convert by the current exchange rate between the two currencies. For example, if the USD to EUR rate is 0.92, then $100 USD equals €92 EUR. Our converter uses daily updated exchange rates from reliable financial sources to ensure accurate conversions for over 150 world currencies including USD, EUR, GBP, JPY, CAD, AUD, and more.

How often are the exchange rates updated?

Our currency exchange rates are updated daily with fresh data from reliable financial sources. Exchange rates fluctuate constantly throughout the day based on market conditions, economic news, political events, and trading activity. While real-time rates change every second on forex markets, daily rates provide accurate conversions for most practical purposes like travel planning, online shopping, or business calculations. For time-sensitive financial transactions requiring up-to-the-second rates, consult your bank or financial institution directly.

What currencies are supported by this converter?

This currency converter supports over 150 world currencies, including all major currencies like US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), Chinese Yuan (CNY), and many more. You can convert between any pair of supported currencies, from widely-traded major currencies to less common regional currencies. The converter includes currencies from North America, Europe, Asia, Africa, South America, and Oceania, covering virtually all countries and territories worldwide.

Is this currency converter free to use?

Yes! Our currency converter is completely free to use with no hidden fees, registration requirements, or limitations. You can perform unlimited currency conversions without signing up for an account or providing any personal information. There are no ads, watermarks, or premium features—all functionality is available to everyone at no cost. The tool runs entirely in your browser with cached exchange rates, ensuring fast, private, and reliable currency conversions whenever you need them.

Can I use this converter for international travel?

Absolutely! This currency converter is perfect for international travel planning. Use it to estimate costs in your home currency, budget for trips, compare prices across countries, and understand how much foreign currency you'll receive when exchanging money. For example, if you're traveling from the US to Europe, convert USD to EUR to see what hotels, meals, and activities will cost in dollars. Keep in mind that exchange rates shown are mid-market rates—banks, currency exchange services, and credit card companies often add fees or margins, so actual rates may differ slightly.

How accurate are the currency conversion rates?

Our conversion rates are highly accurate for general purposes, sourced from reliable financial data providers and updated daily. The rates represent mid-market exchange rates (the midpoint between buy and sell prices on global forex markets). However, the actual rate you receive when exchanging money depends on your financial institution, payment method, and any applicable fees or margins. Banks typically add 1-3% margins, currency exchange services may charge higher fees, and credit cards often include foreign transaction fees. Always confirm rates with your specific payment provider before making financial decisions.

What's the difference between exchange rate and conversion rate?

Exchange rate and conversion rate are often used interchangeably, but there's a subtle difference. The exchange rate is the market value of one currency relative to another—what one unit of currency is worth in another currency (e.g., 1 USD = 0.92 EUR). The conversion rate is the rate actually applied when you convert money, which may include fees, margins, or commissions added by banks or currency exchange services. Our tool shows mid-market exchange rates without markup. When converting real money, your bank's conversion rate will likely be less favorable due to added costs.

Why do exchange rates change constantly?

Exchange rates fluctuate constantly due to supply and demand in global forex markets, which operate 24/7. Factors influencing rates include economic indicators (GDP, inflation, employment), interest rate decisions by central banks, political stability and elections, international trade balances, market sentiment and speculation, and geopolitical events. When demand for a currency increases (e.g., investors buying USD), its value rises relative to other currencies. Conversely, economic uncertainty or negative news can weaken a currency. Major currencies like USD, EUR, and GBP can change by 0.5-2% in a single day during volatile periods.

Can I convert cryptocurrency with this tool?

This tool is specifically designed for traditional fiat currencies (government-issued currencies like USD, EUR, GBP). It does not currently support cryptocurrency conversions such as Bitcoin (BTC), Ethereum (ETH), or other digital assets. Cryptocurrency prices are extremely volatile, traded on different platforms with varying prices, and require real-time data feeds from crypto exchanges. For cryptocurrency conversions, use dedicated crypto exchange platforms or specialized crypto converter tools that provide up-to-the-second pricing from multiple exchanges.

How do I convert currency for online shopping or business?

To convert currency for online shopping or business, enter the price in the foreign currency (e.g., 100 EUR), select the foreign currency type, then select your home currency (e.g., USD) to see the equivalent amount. This helps you understand the real cost before making international purchases. For business use, our converter helps with invoicing international clients, pricing products for global markets, calculating profit margins across currencies, and budgeting for international expenses. Remember that credit card companies and payment processors like PayPal typically add 2-3% foreign transaction fees, so factor those into your final cost calculations.

Free Currency Converter

Convert between 150+ world currencies with real-time exchange rates. Fast, free, and accurate currency conversion for travel, business, and international transactions. Updated daily with live forex rates.

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Live exchange rate conversion

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Currency Converter FAQ - Common Questions

Find answers to frequently asked questions about currency conversion, exchange rates, forex trading, international money transfers, and using our free currency converter tool.