Currency Converter and Exchange Rate Calculator
* Exchange rates are provided for informational purposes. We do not guarantee total accuracy for commercial transactions.
How does currency exchange work?
The foreign exchange market (Forex) is the largest financial market in the world, with a daily trading volume exceeding $6 trillion. It determines the value of one currency against another in real time. Our calculator uses official data updated daily to provide you with the mid-market rate.
Factors influencing exchange rates
- Inflation: Countries with lower inflation usually see an appreciation in their currency value, as their purchasing power remains more stable.
- Interest Rates: Central banks (Fed, ECB, Bank of England) adjust them to control the economy. Higher rates attract foreign investment and strengthen the currency.
- Political Stability: Investors look for currencies from countries with predictable economies. Political uncertainty weakens the local currency.
- Trade Balance: If a country exports more than it imports, there is greater demand for its currency, which appreciates it.
Exchange rate formula
Most traded currencies in the world
| Currency | Code | Region |
|---|---|---|
| US Dollar | USD | United States |
| Euro | EUR | Eurozone (20 countries) |
| Japanese Yen | JPY | Japan |
| British Pound | GBP | United Kingdom |
| Swiss Franc | CHF | Switzerland |
| Australian Dollar | AUD | Australia |
Frequently Asked Questions about Currency Exchange
What is the difference between the official and bank exchange rate?
The official (interbank) rate is used by financial institutions among themselves and is the most favorable. The bank rate includes profit margins, commissions and operating costs, so it is always less favorable for the customer. Our calculator shows the mid-market rate as a reference.
Which currency is best to carry for travel?
The US Dollar (USD) and the Euro (EUR) are the most globally accepted. In Asian destinations like Thailand or Vietnam, USD is more practical. For travel within Europe, the Euro eliminates any conversion within the eurozone.
Why do exchange rates change every day?
The Forex market operates 24 hours a day, 5 days a week, and prices fluctuate constantly based on supply and demand. The main daily factors are central bank decisions, macroeconomic data releases (CPI, employment, GDP) and geopolitical events.
Where is the best place to exchange money before a trip?
ATMs at your destination generally offer better exchange rates than airport currency exchange booths. Cards with no foreign transaction fees (like Revolut or Wise) are currently the most economical option for international travel.
What is the spread in currency exchange?
The spread is the difference between the buy and sell price of a currency. It is the main source of profit for banks and exchange offices. The smaller the spread, the better exchange rate you are getting.