Currency Converter
Convert between 150+ world currencies with real-time exchange rates. View historical exchange rate charts to track currency fluctuations over time.
Historical Exchange Rates (Last 30 Days)
Popular Conversions
Major Currency Rates
| Currency | Code | Rate (USD) | Change (24h) |
|---|---|---|---|
| Euro | EUR | 0.8550 | +0.12% |
| British Pound | GBP | 0.7350 | -0.25% |
| Japanese Yen | JPY | 110.50 | +0.35% |
| Canadian Dollar | CAD | 1.2500 | -0.15% |
| Australian Dollar | AUD | 1.3500 | +0.20% |
| Chinese Yuan | CNY | 6.4500 | -0.10% |
| Indian Rupee | INR | 74.50 | +0.05% |
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Currency News
Euro Gains Against Dollar
The euro rose 0.5% against the dollar after positive economic data from the Eurozone.
Bank of England Rate Decision
The pound is volatile ahead of the Bank of England's interest rate announcement.
Yen Weakens Further
The Japanese yen continues to weaken amid the Bank of Japan's dovish stance.
Travel Budget Calculator
Currency Exchange Tips
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Avoid Airport Exchanges
Exchange rates at airports are typically the worst. Exchange money beforehand or use ATMs.
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Use Credit Cards
Many credit cards offer good exchange rates and don't charge foreign transaction fees.
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Monitor Rates
Track exchange rates and convert money when rates are favorable.
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Small Denominations
Get some small bills in local currency for tips and small purchases upon arrival.
Understanding Currency Exchange Rates
Currency exchange rates determine the value of one currency relative to another and fluctuate constantly due to various economic factors. Understanding how exchange rates work can help you make better financial decisions when traveling or conducting international business.
How Exchange Rates Are Determined
Exchange rates are primarily determined by the foreign exchange market (Forex), where currencies are traded 24 hours a day. Several key factors influence these rates:
- Interest Rates: Higher interest rates offer lenders better returns relative to other countries, attracting foreign capital
- Inflation Rates: Countries with lower inflation typically see their currency value appreciate
- Political Stability: Countries with less risk for political turmoil have stronger currencies
- Economic Performance: Strong economies attract foreign investment, increasing demand for their currency
- Debt Levels: Countries with large amounts of debt are less attractive to foreign investors
- Terms of Trade: Countries that export more than they import will typically see their currency strengthen
Types of Exchange Rates
There are two main types of currency exchange rates:
- Floating Exchange Rates: Determined by the market forces of supply and demand (most major currencies)
- Fixed Exchange Rates: Pegged to another major currency (like the U.S. dollar or euro) by the government
Reading Exchange Rates
Exchange rates are typically quoted in pairs (e.g., EUR/USD). The first currency is the base currency, and the second is the quote currency. The rate tells you how much of the quote currency is needed to purchase one unit of the base currency.
For example, if EUR/USD is 1.20, it means 1 Euro can be exchanged for 1.20 US Dollars. If the rate increases to 1.25, the Euro has strengthened (you get more Dollars for each Euro). If it decreases to 1.15, the Euro has weakened.