How to use the Currency Converter
- Enter the amount. Type how much money you want to convert.
- Choose the currencies. Pick the from and to currencies, or press swap to reverse them.
- Read the result and chart. See the converted amount, the rate and inverse rate, and how the rate has moved over 1 month to 1 year.
Where the rates come from
Rates are the euro foreign exchange reference rates published by the European Central Bank around 16:00 CET on each TARGET working day, fetched through the free Frankfurter API. Rates between two non-euro currencies (for example USD to JPY) are calculated through the euro.
Converted amount = amount × rate
Reference rates vs. what you’ll pay
Reference rates are mid-market rates for information. Banks, card networks, airport kiosks and money-transfer services add a spread (a worse rate) and sometimes a fixed fee. A card with no foreign transaction fee usually gets within about 1% of the reference rate; airport exchange counters can be 5–10% worse.
Inverse rate
The inverse rate tells you the conversion the other way: if 1 USD = 0.89 EUR, then 1 EUR = 1 ÷ 0.89 ≈ 1.12 USD.
The chart shows the reference rate over the last month, three months or year. Rates aren’t published on weekends or ECB holidays.
Popular currency pairs
What your results mean
The converted amount uses the mid-market reference rate. Expect to receive slightly less when you actually exchange money, because of spreads and fees.
Tips
- Pay in the local currency when a card terminal asks; dynamic currency conversion usually uses a worse rate.
- Compare money-transfer services on the total amount received, not the advertised fee.
- Use the history chart to see how much a rate typically moves.
Frequently asked questions
What is the mid-market rate?
The midpoint between buy and sell prices in the wholesale market; reference rates like the ECB’s are close to it.
Which currencies are supported?
The 30 currencies in the ECB’s daily reference rates, including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR and MXN.
How often are the rates updated?
Once per working day, around 16:00 Central European Time, when the ECB publishes its reference rates.
Why is my bank’s rate different?
Banks and card issuers add a margin to the mid-market rate and may charge fees. Compare the total amount you’ll receive.
Can I use this for cryptocurrencies?
No. The ECB publishes rates for about 30 major fiat currencies only.
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