Convert between world currencies with real-time exchange rates
Our currency converter uses real-time exchange rates from reliable financial data providers. Rates are regularly updated to reflect current market conditions. However, please note that the actual rates used by banks or money transfer services may differ slightly due to added fees and margins.
Exchange rates are updated automatically when you:
The converter uses real market exchange rates that are sourced from various financial data providers. If for any reason the live rates cannot be retrieved, the calculator will use estimated rates as a fallback.
In currency exchange terminology:
Base currency is the first currency in a currency pair. It shows how much of the quote currency is needed to purchase one unit of the base currency.
Quote currency is the second currency in a currency pair. It represents how much of this currency is needed to buy one unit of the base currency.
For example, in the pair USD/EUR, USD is the base currency and EUR is the quote currency.
Exchange rates fluctuate due to various factors including:
These factors collectively influence the supply and demand for currencies in the global marketplace.
Spot rate is the current exchange rate at which currencies can be bought or sold for immediate delivery. Our converter uses spot rates for calculations.
Forward rate is a predetermined exchange rate for a future transaction date, often used in contracts to hedge against currency fluctuations.