💱 Currency Converter
📘 How Currency Conversion Works
Currency conversion uses real-time exchange rates to calculate the value of one currency in terms of another. Exchange rates fluctuate constantly based on global market conditions, economic indicators, and geopolitical events.
This calculator uses live exchange rate data from reliable financial sources to provide accurate conversions.
Formula used:
- Converted Amount = Original Amount × Exchange Rate
Exchange rates represent how much one unit of the base currency is worth in the target currency.
💡 Currency Exchange Tips
- Check exchange rates before traveling or making international transactions
- Be aware of exchange fees and commissions that may apply beyond the base rate
- Consider using credit cards with no foreign transaction fees for international purchases
- Monitor economic news that might affect currency values
- For large transfers, compare rates from multiple providers
- Consider using limit orders for currency exchange to target specific rates
🤔 Frequently Asked Questions
How often are exchange rates updated?
Exchange rates are updated in real-time using live market data. The rates reflect current market conditions and change continuously throughout trading hours.
Why is the rate I get from my bank different?
Banks and exchange services typically add a margin or commission to the market exchange rate. This calculator shows the interbank rate without any additional fees.
What's the difference between the buy and sell rate?
The buy rate is what currency exchangers pay to buy a currency, while the sell rate is what they charge to sell it. The difference between these rates is called the spread, which is how exchangers make profit.
Are there limits on how much I can convert?
This calculator has no limits, but actual currency exchanges may have limits based on regulations, anti-money laundering laws, and their own policies.
Which currencies are supported?
This converter supports all major world currencies including USD, EUR, GBP, JPY, AUD, CAD, CHF, and many more. We support over 150 currencies from around the world.