Currency Converter
Convert between 150+ currencies with updated rates.
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About exchange rates and the forex market
Exchange rates represent the relative value between two currencies and are determined by the foreign exchange market (Forex), the world's largest financial market with a daily volume exceeding $6 trillion. Central banks, such as the US Federal Reserve or the European Central Bank, influence these rates through monetary policies, interest rates, and open market operations.
Our currency converter uses daily updated exchange rates that reflect interbank market values. It is important to note that rates offered by banks and exchange offices typically include a margin (spread), so the final exchange rate in a real transaction may vary. For commercial operations or international money transfers, always consult directly with your financial institution.
Frequently asked questions
How often are rates updated?
Rates are updated once a day with interbank market data. They reflect the previous day's close and are suitable for reference queries and cost estimates.
Are these official or market rates?
These are interbank market rates (mid-market rate), meaning the midpoint between the buy and sell price. Central banks publish official rates that may differ slightly from these.
Can I trust these rates for transactions?
These rates are excellent as a reference, but for real transactions (transfers, currency purchases), your bank or exchange will apply their own exchange rate with an additional margin. Use them as a guide to compare offers.
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