Currency Converter
Convert between 30+ currencies with real-time exchange rates. Rates update daily from the European Central Bank.
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Result
Enter amount and select currencies, then click Convert.
About Currency Converter
This currency converter lets you convert between major world currencies including USD, CNY, EUR, GBP, JPY, HKD and more. Exchange rates are fetched daily from the European Central Bank (ECB) via the Frankfurter API, ensuring accurate and up-to-date conversion rates.
How Currency Conversion Works
Currency conversion uses exchange rates to determine the value of one currency in terms of another. The formula is straightforward:
Converted Amount = Original Amount × Exchange Rate Example: Convert 100 USD to EUR (rate: 0.92) 100 × 0.92 = 92 EUR
Major World Currencies
| Currency | Code | Symbol | Region |
|---|---|---|---|
| US Dollar | USD | $ | United States |
| Euro | EUR | € | Eurozone (20 countries) |
| British Pound | GBP | £ | United Kingdom |
| Japanese Yen | JPY | ¥ | Japan |
| Chinese Yuan | CNY | ¥ | China |
Understanding Exchange Rate Quotes
Exchange rates are quoted as currency pairs. For example, USD/EUR = 0.92 means 1 US Dollar equals 0.92 Euros. The first currency is the base currency, and the second is the quote currency.
- Base currency: The currency being converted from (always = 1)
- Quote currency: The currency being converted to
- Bid price: Rate at which dealers buy the base currency
- Ask price: Rate at which dealers sell the base currency
Frequently Asked Questions
- How are exchange rates calculated in this converter?
- Exchange rates are fetched from the European Central Bank (ECB) via the Frankfurter API. Rates update daily and reflect the official ECB reference rates, which are based on regular consultations with other central banks worldwide.
- What is the mid-market exchange rate?
- The mid-market rate (also called interbank rate) is the midpoint between the buy and sell prices for a currency pair. It is the rate banks use when trading with each other. This tool uses mid-market rates, which are typically more favorable than retail rates offered by banks or currency exchange services.
- Why do exchange rates fluctuate?
- Exchange rates fluctuate based on supply and demand in the global forex market. Factors include interest rates, inflation, economic indicators (GDP, employment), political stability, trade balances, and market speculation. Rates can change multiple times per second during trading hours.
- What currency codes are supported?
- This converter supports 30+ currencies including major world currencies: USD (US Dollar), EUR (Euro), CNY (Chinese Yuan), GBP (British Pound), JPY (Japanese Yen), as well as regional currencies like HKD, KRW, AUD, CAD, CHF, SGD, THB, INR, and more. All codes follow the ISO 4217 standard.