Currency Converter
Convert between different currencies with real-time exchange rates
Conversion Results
Major World Currencies
Here are some of the major currencies used worldwide and their current exchange rates against the US Dollar:
| Currency | Code | Symbol | Approx. Value in USD |
|---|---|---|---|
| US Dollar | USD | $ | 1.00 |
| Euro | EUR | € | 1.09 |
| British Pound | GBP | £ | 1.27 |
| Japanese Yen | JPY | ¥ | 0.0068 |
| Indian Rupee | INR | ₹ | 0.012 |
| Chinese Yuan | CNY | ¥ | 0.14 |
Note: Exchange rates are approximate and subject to change. Last updated: August 15, 2023.
Currency Conversion Examples
When you need to convert US Dollars to Euros:
Exchange Rate: 1 USD = 0.91 EUR
Amount in EUR = Amount in USD × Exchange Rate
Amount in EUR = $1,000 × 0.91 = €910
When you need to convert Indian Rupees to US Dollars:
Exchange Rate: 1 USD = 82.50 INR
Amount in USD = Amount in INR ÷ Exchange Rate
Amount in USD = ₹75,000 ÷ 82.50 = $909.09
About Currency Converter
Our Currency Converter is a powerful tool designed to help travelers, businesses, and investors quickly convert between different currencies using real-time exchange rates. Whether you're planning an international trip, calculating business expenses, or exploring investment opportunities, this converter provides accurate and up-to-date conversions.
Real-Time Rates
Our converter uses real-time exchange rates that are updated regularly throughout the day.
Multiple Currencies
Convert between more than 30 major world currencies with just a few clicks.
Accurate Calculations
Precision calculations with up to 4 decimal places for accurate conversions.
Historical Data
View historical exchange rate trends to make informed decisions.
How Currency Exchange Works
Currency exchange rates are determined by a variety of factors including economic indicators, interest rates, political stability, and market speculation. The foreign exchange (forex) market is the largest and most liquid financial market in the world, with trillions of dollars exchanged daily.
Exchange rates can be expressed in two ways:
- Direct Quotation: Shows how much domestic currency is needed to buy one unit of foreign currency (e.g., 82.50 INR = 1 USD)
- Indirect Quotation: Shows how much foreign currency is needed to buy one unit of domestic currency (e.g., 1 INR = 0.012 USD)
Most currency converters, including this one, use direct quotation as the standard method for displaying exchange rates.
Frequently Asked Questions
How often are the exchange rates updated?
Our exchange rates are updated several times throughout the business day to reflect the latest market rates. The exact time of the last update is displayed with each conversion result. For critical financial transactions, we recommend verifying rates with your financial institution.
Why do banks offer different exchange rates?
Banks and currency exchange services typically offer exchange rates that differ from the market rates (also known as mid-market rates) that you see in our converter. This is because they add a markup or spread to the exchange rate to cover their costs and earn a profit. Additionally, banks may charge a fixed fee for currency conversion services.
What is the best time to exchange currency?
Currency exchange rates fluctuate constantly based on market conditions. While it's impossible to predict with certainty when rates will be most favorable, it's generally a good idea to monitor rates over time if you're planning a large currency exchange. Many experts recommend exchanging small amounts at different times rather than converting a large sum all at once to average out the rate.
Can I use this converter for cryptocurrency conversions?
This tool is designed specifically for traditional (fiat) currencies. Cryptocurrency rates tend to be more volatile and may require specialized conversion tools that can account for that volatility and the unique characteristics of cryptocurrency markets.
How accurate are the conversion rates?
Our currency converter provides highly accurate conversions based on the latest market rates. However, the actual rate you receive when physically exchanging currency or making international transfers may differ due to additional fees, commissions, or markups applied by financial institutions and currency exchange services.
Disclaimer
The exchange rates provided by this currency converter are for informational purposes only and should be considered as estimates. While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind about the completeness, accuracy, reliability, suitability, or availability of the information.
Exchange rates fluctuate constantly and may vary between financial institutions and services. The actual rate you receive when exchanging currency may differ from the rates displayed here. For the most accurate rates for your specific transaction, please consult with your bank or financial institution.
Any reliance you place on the information provided is strictly at your own risk. We recommend verifying all conversion results before making financial decisions or transactions based on the information provided by this tool.