Currency Converter

Whether you're traveling abroad, making international purchases, or managing foreign investments, understanding currency conversion is essential. Exchange rates determine how much your money is worth in different currencies and directly impact your purchasing power.

This free currency converter helps you convert between major world currencies using approximate exchange rates. It's perfect for travel planning, budget estimation, and understanding currency values.

Use this tool to estimate costs, plan travel budgets, and understand exchange rates. For actual transactions, always check real-time rates and fees from your bank or currency exchange service.

Follow these steps to convert currencies:

1. 1

   Enter Amount

   Input the amount you want to convert. This could be money you're exchanging, a purchase price, or a budget amount.

2. 2

   Select From Currency

   Choose the currency you're converting from. This is the currency you currently have or the currency of the original amount.

3. 3

   Select To Currency

   Choose the currency you're converting to. This is the currency you want to receive or the currency you need.

4. 4

   Review Conversion

   See the converted amount and exchange rate. Remember that actual conversions include fees, so the amount you receive may be slightly less.

Exchange Rate: The rate at which one currency can be exchanged for another. If 1 USD = 0.92 EUR, then $100 USD equals 92 EUR. Rates fluctuate constantly based on economic conditions.

Factors Affecting Rates: Interest rates, inflation, economic growth, political stability, trade balances, and market speculation all influence exchange rates. Central bank policies also play a major role.

Bid-Ask Spread: Banks and exchange services buy currency at one rate (bid) and sell at another (ask). The difference is their profit. This is why you get slightly less when converting than the "market rate" suggests.

Fees: In addition to exchange rates, currency conversions include fees: bank fees, credit card foreign transaction fees (typically 3%), ATM fees, and exchange service fees. Always factor in total cost.

1. Compare Multiple Sources

Exchange rates vary by provider. Compare rates from banks, credit unions, online services, and credit cards. Small differences add up on large amounts.

2. Avoid Airport Exchanges

Airport currency exchanges offer the worst rates and highest fees. Only use in emergencies. Exchange at banks, credit unions, or use ATMs abroad for better rates.

3. Use Credit Cards with No Foreign Fees

Many credit cards charge 3% foreign transaction fees. Use cards with no foreign fees when traveling abroad. You'll get better rates and avoid fees.

4. Consider Timing

Exchange rates fluctuate. If you're planning a large conversion, monitor rates and convert when favorable. However, don't try to time the market—rates are unpredictable.

5. Factor in All Costs

Don't just look at exchange rates. Include all fees: bank fees, transaction fees, ATM fees. The total cost determines the best option, not just the rate.

6. Use ATMs Abroad

Using ATMs abroad often provides better rates than currency exchanges. Use ATMs from major banks and check your bank's foreign ATM fees. Some banks reimburse ATM fees.