Currency Converter

Banks and money transfer services typically add a markup to the mid-market rate (also known as the interbank rate) that you see here. This markup covers their operating costs and profit margins. Additionally, they may charge extra fees for processing your transaction. Always check with your financial institution for their specific rates and fees.

The rates displayed are for informational purposes only. If you need exchange rates for business or commercial purposes, we recommend contacting financial institutions directly or subscribing to professional forex data services that provide specialized commercial rates.

We use the current market exchange rate and multiply it by your input amount. For example, if you want to convert 100 USD to EUR and the exchange rate is 0.85, the calculation would be: 100 × 0.85 = 85 EUR. Our calculator automatically handles all decimal places and large numbers for accuracy.

Exchange rates change constantly due to various factors including: - Economic indicators and policies - Political events and stability - Interest rates in different countries - Market supply and demand - Global economic events - Trading volumes and market sentiment

The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of two currencies. It's considered the most accurate and fair exchange rate, though consumers typically cannot access this exact rate due to bank fees and margins.

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