Free Currency Converter
Convert between 10 major world currencies instantly. See exchange rates, inverse rates, and converted amounts for USD, EUR, GBP, and more.
⚠ Rates are approximate (March 2026). Use live rates for actual transactions.
Converted Amount
92.00 EUR
Exchange Rate
1 USD = 0.9200 EUR
Inverse Rate
1 EUR = 1.0870 USD
Formula
Converted Amount = Amount × (To Rate ÷ From Rate) — rates are approximateHow Currency Conversion Works
Currency conversion uses exchange rates to determine how much one currency is worth in terms of another. The exchange rate between two currencies is constantly changing based on supply and demand in the global foreign exchange (forex) market — the world's largest financial market with over $7 trillion traded daily.
This calculator uses approximate mid-market rates for 10 major currencies. While the rates provide a useful estimate for planning and quick calculations, always check live rates from sources like your bank, XE.com, or Google Finance before making actual transactions.
Understanding Exchange Rates
Exchange rates are quoted as pairs. When you see "EUR/USD = 1.087," it means 1 Euro buys 1.087 US Dollars. The first currency is the "base" and the second is the "quote." If the rate goes up, the base currency has strengthened (or the quote currency has weakened).
The mid-market rate is the midpoint between buy and sell prices on the global market. It's the fairest rate and what you see on Google or financial news sites. However, when you actually exchange money, the provider adds a spread (markup) — this is how they make money.
Tips for Getting the Best Exchange Rates
If you're traveling internationally, planning ahead saves money. Credit cards with no foreign transaction fees (like Chase Sapphire or Capital One Venture) typically offer rates within 1% of mid-market. Bank transfers via services like Wise (formerly TransferWise) charge 0.5-1.5% for most currency pairs. ATMs abroad usually give decent rates, but watch for local ATM fees and your bank's foreign ATM charges.
The worst rates are at airport exchange kiosks, hotel desks, and tourist-area money changers, where markups of 8-15% are common. If you must use these, exchange only small amounts for immediate needs.
Major World Currencies at a Glance
The US Dollar (USD) is the world's reserve currency and is used as a benchmark for most commodities including oil and gold. The Euro (EUR) is used by 20 European Union countries and is the second most traded currency. The Japanese Yen (JPY) is known as a safe-haven currency that often strengthens during global economic uncertainty. The British Pound (GBP) is one of the oldest currencies still in use and remains among the strongest by value. The Swiss Franc (CHF) is another safe-haven currency backed by Switzerland's political neutrality and strong banking system.
Frequently Asked Questions
Are these exchange rates live?
No — these are approximate rates as of March 2026 and are meant for quick estimates. For exact rates on large transactions, check a live source like Google Finance, XE.com, or your bank. Actual rates also include spreads and fees that vary by provider.
Why do banks offer different rates than what I see online?
Banks and exchange services add a markup (spread) to the mid-market rate — typically 1-4% for banks and 5-10% for airport kiosks. The mid-market rate you see on Google or XE is the midpoint between buy and sell prices. Credit cards usually offer rates within 1-3% of mid-market.
What's the cheapest way to exchange currency?
For most people, using a no-foreign-transaction-fee credit card abroad gives the best rates. For cash, order from your bank before traveling (usually 1-2% markup). Avoid airport and hotel exchange kiosks, which can charge 8-15% above the mid-market rate.
What is the inverse exchange rate?
The inverse rate is simply 1 divided by the exchange rate. If 1 USD = 0.92 EUR, then the inverse is 1 EUR = 1.087 USD. It tells you how much of the first currency you get for one unit of the second currency.
Which currencies are the most traded globally?
The US Dollar (USD) dominates with about 88% of all forex trades. The Euro (EUR) is second at 31%, followed by the Japanese Yen (JPY) at 17%, British Pound (GBP) at 13%, and Chinese Yuan (CNY) at 7%. These percentages total over 100% because each trade involves two currencies.