Currency Converter
Live Exchange Rates
Convert between 25+ world currencies using live rates from the European Central Bank. Free, fast, no signup required.
Currency Converter
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What is an Exchange Rate?
An exchange rate is the price at which one currency can be exchanged for another. For example, if the USD/INR rate is 83.94, it means one US Dollar can be converted to 83.94 Indian Rupees. Exchange rates fluctuate constantly based on supply and demand in the global foreign exchange (forex) market — the largest financial market in the world, with over $7 trillion traded daily.
How Currency Conversion Works
To convert an amount from one currency to another, you multiply the amount by the exchange rate. For instance, to convert $100 USD to INR at a rate of 83.94, the calculation is: 100 × 83.94 = ₹8,394. This calculator uses the mid-market rate — the midpoint between the buy and sell prices in the wholesale currency market. Banks and money transfer services add a margin (spread) on top of this, typically 1–4%.
Central Bank Rates
Rates from the European Central Bank (ECB), updated daily on business days. These are benchmark mid-market rates used globally.
Forex Market
The foreign exchange market operates 24 hours a day, 5 days a week across major financial centers: London, New York, Tokyo, Singapore, and Sydney.
What Moves Rates?
Interest rates, inflation, political stability, trade balances, and economic data all drive exchange rate movements. A country's rate hike typically strengthens its currency.
Mid-Market Rate
The mid-market rate (or interbank rate) is the fairest representation of a currency's true value. Retail customers typically get a slightly worse rate due to bank margins.
Popular Currency Pairs
Some currency pairs dominate global trade and are traded in far greater volumes than others. Here are the most actively traded pairs and what drives their movements:
| Pair | Name | Key Driver |
|---|---|---|
| USD/INR | US Dollar / Indian Rupee | RBI policy, India trade deficit, USD strength, oil prices |
| EUR/USD | Euro / US Dollar | ECB vs Fed policy, Eurozone economic data, risk sentiment |
| GBP/USD | British Pound / US Dollar | Bank of England policy, UK GDP, Brexit aftermath |
| USD/JPY | US Dollar / Japanese Yen | Bank of Japan yield curve control, safe haven flows |
| USD/AED | US Dollar / UAE Dirham | Pegged at 3.6725 (fixed rate), oil revenues |
| AUD/USD | Australian Dollar / US Dollar | Commodity prices, RBA rate decisions, China trade |
Major World Currencies
| Code | Symbol | Currency Name | Country / Region |
|---|---|---|---|
| USD | $ | US Dollar | United States |
| EUR | € | Euro | Eurozone (20 countries) |
| GBP | £ | British Pound Sterling | United Kingdom |
| INR | ₹ | Indian Rupee | India |
| AED | د.إ | UAE Dirham | United Arab Emirates |
| SAR | ﷼ | Saudi Riyal | Saudi Arabia |
| JPY | ¥ | Japanese Yen | Japan |
| CNY | ¥ | Chinese Yuan Renminbi | China |
| AUD | A$ | Australian Dollar | Australia |
| CAD | C$ | Canadian Dollar | Canada |
| SGD | S$ | Singapore Dollar | Singapore |
| CHF | Fr | Swiss Franc | Switzerland |
| MYR | RM | Malaysian Ringgit | Malaysia |
| HKD | HK$ | Hong Kong Dollar | Hong Kong |
| NZD | NZ$ | New Zealand Dollar | New Zealand |
| THB | ฿ | Thai Baht | Thailand |
| PKR | ₨ | Pakistani Rupee | Pakistan |
| BDT | ৳ | Bangladeshi Taka | Bangladesh |
| LKR | ₨ | Sri Lankan Rupee | Sri Lanka |
| MXN | $ | Mexican Peso | Mexico |
| BRL | R$ | Brazilian Real | Brazil |
| ZAR | R | South African Rand | South Africa |
| SEK | kr | Swedish Krona | Sweden |
| NOK | kr | Norwegian Krone | Norway |
| DKK | kr | Danish Krone | Denmark |