Are these live exchange rates?

Exchange rates are updated regularly but may not reflect real-time market rates. For exact rates, check with your bank or financial institution before making transactions.

Why do exchange rates change?

Exchange rates fluctuate due to supply and demand, interest rates, inflation, political stability, economic performance, and market speculation.

Currency Converter

Convert between 30+ world currencies with exchange rates.

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What is a Currency Converter?

A currency converter helps you find the equivalent value of money in different currencies. Exchange rates fluctuate based on economic factors, trade, and market conditions. This tool uses reference exchange rates for popular currencies worldwide.

How Exchange Rates Work

Exchange rates represent how much one currency is worth in terms of another. Rates are influenced by factors like interest rates, inflation, political stability, and economic performance. There are two types:

Floating rates: Determined by market supply and demand (most major currencies)
Fixed/pegged rates: Set by the government against another currency

Major Currency Pairs

EUR/USD — Euro to US Dollar (most traded pair globally)
USD/JPY — US Dollar to Japanese Yen
GBP/USD — British Pound to US Dollar
USD/INR — US Dollar to Indian Rupee

Frequently Asked Questions

This tool uses reference exchange rates that are periodically updated. For real-time rates and actual transactions, please check with your bank or a financial service provider. Actual exchange rates may vary due to fees and spreads.

Exchange rates change due to economic factors: inflation rates, interest rate decisions, GDP growth, trade balances, political stability, and market speculation. Central bank policies have a significant impact on currency values.

The bid-ask spread is the difference between the buying and selling price of a currency. Banks and exchange services make money on this spread. The mid-market rate (shown here) is the midpoint between bid and ask prices.