Enter an amount, select the two relevant currencies, and this currency converter will provide an up-to-date exchange rate based on daily reference rates. Without the need for registration or intrusive advertising, you will instantly get the result you need—whether you are checking the euro-dollar exchange rate before a trip, sending money to family in India, or verifying a price in an unfamiliar currency.
Popular Currency Pairs
These are the conversions people look up most. All of them work in the currency converter above, just pick the two currencies you need
- Euro to Dollar (EUR to USD)
- Dollar to Euro (USD to EUR)
- Canadian Dollar to US Dollar (CAD to USD)
- US Dollar to Indian Rupee (USD to INR)
- British Pound to US Dollar (GBP to USD)
- US Dollar to Mexican Peso (USD to MXN)
Origin of These Exchange Rates
This currency converter sources its data from public daily reference exchange rate data, aggregated from multiple market sources and updated every working day. It therefore serves as a reliable benchmark for a currency’s current value.
However, it is important to understand exactly how these rates work. Reference rates of this kind represent the mid-market rate—that is, the average between the buying and selling rates prevailing in the market. Banks, credit card issuers, and money transfer services apply an additional margin on top of this rate. Consequently, the actual amount you receive or pay in a currency exchange transaction usually differs slightly from the value shown here.
Furthermore, the rates are not updated on weekends or major public holidays; the value displayed on Saturday corresponds to Friday’s closing rate.
How to Get Better Currency Exchange Rates
Knowing the mid-market exchange rate is the first step toward spotting an unfavorable deal. Currency exchange bureaus at airports and hotels often charge a markup of 5% to 10%—or even more—above that rate. Specialized money transfer services and bank cards that waive foreign transaction fees almost always offer better rates than traditional exchange bureaus.
The Consumer Financial Protection Bureau (the U.S. consumer protection agency) provides useful information for comparing international money transfer costs if you frequently send funds abroad. If you are planning a trip and need to calculate tip amounts or discount values after exchanging currency, our Percentage Calculator can help you do the math on the fly once you have the reference figure.
How often are exchange rates updated?
Rates are updated once per business day, based on daily reference exchange rate data. No updates are made on weekends or major public holidays; therefore, if you check a rate on a non-business day, it will reflect the last available closing rate.
Is this currency converter free to use?
No change needed, this one didn’t mention the ECB.
Where do the exchange rates come from?
The rates are based on daily reference exchange rate data covering around thirty major global currencies, including the US dollar, the euro, the British pound, the Japanese yen, and the Indian rupee.
Can I use this to plan an international money transfer?
This converter is a good way to check the current mid-market rate before you transfer money, so you know what a fair rate looks like. Keep in mind that banks and transfer services add their own fees and margin on top of this rate, so the amount you actually send or receive will differ slightly, always compare the final rate a provider quotes you against the mid-market rate shown here.
Why is my bank’s exchange rate different from what I see here?
Banks and card networks add a margin on top of the mid-market rate shown here, which is how they cover costs and make a profit on currency exchange. This markup is usually somewhere between 1 and 4 percent for banks and cards, and considerably higher at airport exchange counters.