Free Currency Converter - Live Exchange Rates

💱 Currency Converter

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1 USD = 0.92 EUR

1 EUR = 1.09 USD

Exchange Rate: 1 USD = 0.92 EUR

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USD → GBP

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150+ Currencies

Convert between all major world currencies including USD, EUR, GBP, JPY, and many more.

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Live Exchange Rates

Real-time currency exchange rates updated regularly for accurate conversions.

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Instant Conversion

Convert currencies instantly as you type with automatic calculations.

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Quick Swap

Easily swap between currencies with a single click for reverse conversions.

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Popular Pairs

Quick access to the most commonly used currency conversion pairs.

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Mobile Friendly

Works perfectly on all devices - desktop, tablet, and mobile phones.

About Currency Conversion

Currency conversion is the process of exchanging one country's currency for another country's currency at a specific exchange rate, which represents the value of one currency in terms of another currency. Exchange rates fluctuate constantly throughout each trading day based on supply and demand in the global foreign exchange market (forex market), which is the largest and most liquid financial market in the world with over $6 trillion in daily trading volume. These rates are influenced by numerous factors including economic indicators like GDP growth, inflation rates, and employment data, central bank monetary policies and interest rate decisions, political stability and geopolitical events, trade balances between countries showing imports versus exports, market sentiment and speculation from traders and investors, and global economic conditions affecting risk appetite. d-market rate with transparent fee structures, and forex brokers providing the tightest spreads for large transactions.

Frequently Asked Questions

How often are exchange rates updated?

Exchange rates in the global forex market change continuously throughout each trading day as currencies are bought and sold in real-time across different financial centers worldwide. Our currency converter updates its exchange rates regularly to provide you with accurate conversion values that reflect current market conditions.

What is the difference between the mid-market rate and retail rates?

The mid-market rate, also known as the interbank rate or spot rate, is the midpoint between the buy and sell prices of two currencies in the wholesale foreign exchange market where large financial institutions, corporations, and governments trade currencies in large volumes, typically millions or billions of dollars.

What factors cause exchange rates to change?

Exchange rates are determined by supply and demand for currencies in the global foreign exchange market, which is influenced by a complex interplay of economic, political, and psychological factors that traders and investors evaluate when making decisions about buying or selling currencies.

Where can I get the best exchange rates?

Getting the best exchange rates requires understanding where to look and how different currency exchange methods compare in terms of both rates offered and fees charged. For large transfers or regular international payments, specialist money transfer services like Wise (formerly TransferWise), Revolut, Remitly, or OFX typically offer the best combination of competitive rates (very close to the mid-market rate, often within 0.5-1%) and transparent, low fixed fees that are clearly displayed before you commit to the transfer, making them significantly cheaper than traditional banks for sending money internationally or converting large amounts. For everyday spending while traveling abroad, credit cards that don't charge foreign transaction fees

Should I exchange currency before traveling or when I arrive?

The optimal strategy for obtaining foreign currency depends on your destination, travel plans, and access to financial services, but generally speaking, a hybrid approach combining minimal advance exchange with ATM withdrawals and card payments at your destination provides the best balance of convenience, cost-effectiveness, and security.