Currency Converter
Convert between major world currencies with up-to-date estimated exchange rates. Supports USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, and 150+ more.
Frequently Asked Questions
How are currency exchange rates determined?
Exchange rates in a floating rate system are determined by supply and demand in global foreign exchange (forex) markets, which trade $7 trillion+ per day. Factors influencing rates include interest rate differentials between countries, inflation rates, economic growth, political stability, and trade balances. Central bank interventions can also temporarily move rates.
What is the mid-market rate?
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices for a currency pair in the wholesale market. It is the "true" rate without any profit margin added. When you exchange currency at a bank or airport kiosk, you get a less favorable rate — the spread (difference) is the provider's profit. Services like Wise typically charge a small transparent fee near the mid-market rate.
When is the best time to exchange currency?
Exchange rates fluctuate continuously on weekdays when markets are open. The best time to exchange is when your target currency is weak relative to yours. For travel, order foreign currency 1–2 weeks in advance from your bank to get a decent rate. Avoid airport currency exchanges (worst rates) and use ATMs abroad (usually near mid-market rates minus a small ATM fee). Never accept "no conversion fee" dynamic currency conversion — it always costs more.