Currency Converter

Convert between 40+ world currencies

Currency conversion is needed every time you travel abroad, shop on an international website, receive payment in a foreign currency, or compare prices across countries. This converter includes 40+ currencies from around the world and shows an estimated converted amount instantly when you enter a value.

Important note on rates

The exchange rates in this tool are approximate static reference values. They are useful for getting a ballpark estimate of currency equivalence but should not be used for actual financial transactions. Exchange rates fluctuate continuously based on economic conditions, interest rates, political events, and market sentiment. For real money transfers, always use a live rate from your bank, a currency broker, or a specialist money transfer service.

Major currency pairs

The foreign exchange (forex) market is the world's largest financial market, with over $7 trillion changing hands daily. Currency pairs are quoted with a base currency and a quote currency. The most traded pairs include:

• EUR/USD: Euro against US Dollar — the most traded pair in the world
• USD/JPY: US Dollar against Japanese Yen — the second most traded pair
• GBP/USD: British Pound against US Dollar — known as "Cable" in trading
• USD/CHF: US Dollar against Swiss Franc — Switzerland's reputation for stability makes the CHF a safe-haven currency
• AUD/USD: Australian Dollar against US Dollar — driven heavily by commodity prices
• USD/CAD: US Dollar against Canadian Dollar — also commodity-driven due to Canada's oil exports
• USD/CNY: US Dollar against Chinese Yuan — an increasingly important pair as China's economy grows

Understanding exchange rates

Exchange rates tell you how much of one currency you get per unit of another. USD/EUR = 0.92 means 1 USD buys 0.92 EUR. EUR/USD = 1.09 means 1 EUR buys 1.09 USD.

Rates change based on many factors: inflation differentials between countries, interest rate decisions by central banks, trade balances, political stability, and speculative flows.

Currency symbols and codes

Each currency has a three-letter ISO 4217 code. The first two letters typically represent the country (or region for EUR) and the third represents the currency name:

• USD = United States Dollar
• EUR = Euro (European Union)
• GBP = Great Britain Pound
• BRL = Brazilian Real
• JPY = Japanese Yen

Private and instant

All conversions run in your browser using static reference rates. No data is sent anywhere.

The foreign exchange market

The foreign exchange market (forex or FX) is the world's largest financial market by trading volume, with approximately $7.5 trillion traded daily as of 2022. It operates 24 hours a day, 5 days a week across major financial centres: London, New York, Tokyo, Singapore, and Hong Kong.

How exchange rates are set

Exchange rates in the free market are determined by supply and demand. When more people want to buy a currency (demand rises), its price in terms of other currencies increases. Key factors that drive exchange rate movements include:

Interest rates: Countries with higher interest rates tend to attract foreign capital, increasing demand for their currency.

Inflation: Countries with lower inflation tend to see their currency appreciate because purchasing power erodes more slowly.

Trade balances: Countries that export more than they import receive net payments in their currency, supporting its value.

Political stability: Political uncertainty tends to weaken a currency as investors seek safer alternatives.

Speculation: Short-term currency movements are often driven by traders anticipating future movements rather than fundamental factors.

Bid-ask spread

In professional forex trading, currencies are quoted with a bid price (what a buyer will pay) and an ask price (what a seller will receive). The difference is the spread, which represents the broker's profit. Retail traders pay more spread than institutional traders.

Currency pegs and managed floats

Not all currencies float freely. Some are pegged to another currency (like the UAE Dirham and Saudi Riyal pegged to the USD) or managed within a band. China historically managed the yuan closely against the dollar, though this policy has evolved toward greater flexibility.

The foreign exchange market

The foreign exchange market (forex or FX) is the world's largest financial market by trading volume, with approximately $7.5 trillion traded daily as of 2022. It operates 24 hours a day, 5 days a week across major financial centres: London, New York, Tokyo, Singapore, and Hong Kong.

How exchange rates are set

Exchange rates in the free market are determined by supply and demand. When more people want to buy a currency, its price in terms of other currencies increases. Key factors that drive movements include interest rates (higher rates attract foreign capital), inflation (lower inflation tends to support currency value), trade balances (net exporters see currency support from incoming payments), political stability (uncertainty weakens a currency as investors seek safer alternatives), and speculation (short-term moves driven by traders anticipating the future rather than reacting to fundamentals).

Bid-ask spread and currency pegs

In professional forex trading, currencies are quoted with a bid price (what a buyer will pay) and an ask price (what a seller will receive); the difference is the spread, which is the broker's profit, and retail traders typically pay a wider spread than institutional ones. Not all currencies float freely — some are pegged to another currency, such as the UAE Dirham and Saudi Riyal pegged to the US Dollar, or managed within a band, as China has historically done with the yuan against the dollar, though that policy has evolved toward greater flexibility over time.

Private and instant

All conversions use static approximate rates stored locally in your browser. No data is sent anywhere.