About Exchange Rates

Exchange rates fluctuate constantly throughout the day as currencies are bought and sold on global markets. Our calculator uses mid-market rates, which are the midpoint between the buy and sell rates of large-scale currency transactions in global markets.

When you’re exchanging money through a bank or currency exchange service, you’ll typically get a rate that’s slightly worse than the mid-market rate, as these institutions add a markup to make a profit.

How Currency Conversion Works

Currency conversion is the process of exchanging one currency for another based on the current exchange rate. The value of one currency relative to another is affected by many economic factors including:

• Interest rates set by central banks
• Economic growth and stability
• Political events and stability
• Trade balances between countries
• Market speculation

Our calculator provides indicative exchange rates that are updated regularly, but for large transactions or critical financial decisions, you should check for the most current rates.

Popular Currency Pairs

Some of the most commonly traded currency pairs in the world include:

• EUR/USD (Euro/US Dollar)
• USD/JPY (US Dollar/Japanese Yen)
• GBP/USD (British Pound/US Dollar)
• AUD/USD (Australian Dollar/US Dollar)
• USD/CAD (US Dollar/Canadian Dollar)

These major currency pairs typically have the most liquidity in foreign exchange markets, meaning they can be bought and sold more easily with smaller differences between buy and sell prices.