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Currency Converter - Convert Between World Currencies

Free currency converter to convert between major world currencies. Get instant exchange rates for USD, EUR, GBP, JPY, CNY, and 20+ other currencies.

8 min read

iAbout This Calculator

Whether you're planning an international trip, shopping from overseas retailers, sending money abroad, or managing global investments, understanding currency exchange rates is essential. Our free currency converter helps you quickly convert between 25+ major world currencies including USD, EUR, GBP, JPY, CNY, and many more. Simply enter the amount, select your source and target currencies, and get instant conversion results with the current exchange rate. This tool is perfect for travelers, online shoppers, business professionals, and anyone dealing with international transactions.

?How to Use

  1. 1

    Enter the amount you want to convert in the Amount field. This can be any positive number, including decimals.

  2. 2

    Select the source currency (From Currency) from the dropdown menu. This is the currency you currently have.

  3. 3

    Select the target currency (To Currency) from the dropdown menu. This is the currency you want to convert to.

  4. 4

    Click Calculate to see the converted amount and exchange rate.

  5. 5

    Review the breakdown showing the conversion details and current exchange rate between the two currencies.

fFormula

\text{Converted Amount} = \text{Amount} \times \frac{\text{Target Rate}}{\text{Source Rate}}

The conversion uses cross-rates through USD as the base currency. First, the amount is converted to USD using the source currency rate, then converted to the target currency using its rate against USD.

Amount
The original amount to convert
Source Rate
Exchange rate of source currency to USD
Target Rate
Exchange rate of target currency to USD
Converted Amount
The resulting amount in target currency

Examples

USD to EUR Conversion

Inputs: amount: 1000, fromCurrency: USD, toCurrency: EUR
920.00 EUR

Converting $1,000 USD to Euros at a rate of 0.92 gives you approximately 920 EUR.

GBP to JPY Conversion

Inputs: amount: 500, fromCurrency: GBP, toCurrency: JPY
94,620 JPY

Converting 500 British Pounds to Japanese Yen. The GBP is stronger, so you get a larger number of Yen.

EUR to CNY Conversion

Inputs: amount: 250, fromCurrency: EUR, toCurrency: CNY
1,967.39 CNY

Converting 250 Euros to Chinese Yuan. Useful for travelers to China or those doing business with Chinese companies.

CAD to AUD Conversion

Inputs: amount: 2000, fromCurrency: CAD, toCurrency: AUD
2,250.00 AUD

Converting 2,000 Canadian Dollars to Australian Dollars. Both currencies have similar values, resulting in a close conversion.

Use Cases

International Travel

Plan your travel budget by converting your home currency to your destination's currency. Know exactly how much spending money you'll have before you leave.

Online Shopping

When shopping from international websites, convert prices to understand the true cost in your local currency, including any potential savings or hidden costs.

International Money Transfers

Before sending money abroad to family or for business, check the exchange rate to ensure you're getting a fair deal from your transfer service.

Investment Analysis

Investors with international portfolios can convert foreign stock prices, dividends, and returns to their home currency for accurate performance tracking.

Business Transactions

For businesses dealing with international suppliers or customers, convert invoices and quotes to understand costs and margins in your reporting currency.

Frequently Asked Questions

How accurate are these exchange rates?
Our rates are indicative mid-market rates updated regularly. Actual rates from banks and exchange services will include their margin and may differ. For exact rates, always check with your specific provider before making a transaction.
Why do banks offer different rates than shown here?
Banks add a margin (spread) to the mid-market rate to make profit on currency exchange. This margin varies by bank and can range from 1% to 5% or more. The rate shown here is the mid-market rate without any markup.
What is the best time to exchange currency?
Currency markets are most active during overlapping business hours of major financial centers (London, New York, Tokyo). Rates can be more favorable during high liquidity periods. However, predicting the 'best' time is nearly impossible as rates depend on many economic factors.
How can I get the best exchange rate?
Compare rates from multiple providers including banks, online transfer services, and local exchange bureaus. Avoid airport exchanges which typically have the worst rates. Consider online services like Wise or Revolut which often offer near mid-market rates.
Are there currencies I should avoid converting directly?
Converting between two exotic currencies may result in worse rates due to low liquidity. It's sometimes better to convert through a major currency like USD or EUR first. However, this depends on your provider's specific rates.

Conclusion

Our currency converter provides quick and easy conversions between major world currencies. While these rates are indicative and meant for reference purposes, they give you a solid understanding of current exchange values. For actual transactions, always verify the rate with your bank or exchange service. Remember that exchange rates change constantly, and the final amount you receive may vary based on your provider's margins and any applicable fees.