About the Currency Converter
Our free currency converter uses live, mid-market exchange rates to convert between over 150 global currencies instantly. It's an essential tool for digital nomads, international e-commerce sellers, and avid travelers.
How Exchange Rates Work
An exchange rate is simply the value of one nation's currency versus another nation's currency. Rates fluctuate continuously based on global economic activity, central bank interest rates, and inflation.
- Mid-Market Rate: The midpoint between global buy and sell rates. This is the "real" rate you see on Google, though banks often add a markup to this rate when converting your money.
- Floating Rates: Most major global currencies (USD, EUR, GBP, JPY) are "floating", meaning their value is driven by market supply and demand.
- Pegged Rates: Some countries "peg" their currency to a stronger currency like the US Dollar to maintain economic stability.