Currency Converter
Currency Converter
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Quick Reference
| USD | EUR |
|---|---|
| 1.00 | 0.92 |
| 10.00 | 9.20 |
| 100.00 | 92.00 |
| 1,000.00 | 920.00 |
| 10,000.00 | 9,200.00 |
Rates shown are indicative mid-market rates, not the retail rate your bank or card network will apply. Banks and money-transfer services typically add a 1–4% markup plus a flat fee on top of the mid-market rate.
Based on your results — what to do next:
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Turn your EUR target into a monthly savings plan and see exactly how long it takes to get there.
A currency converter shows how much one currency is worth in another using the current mid-market exchange rate — the real, no-markup rate banks trade at with each other. This tool converts between 29 major world currencies including USD, EUR, GBP, and JPY, refreshing live rates on load so the number you see reflects today's market, not a stale daily average.
How Currency Conversion Is Calculated
Every currency pair is priced through a common base currency (USD). To convert Currency A to Currency B, divide B's rate-to-USD by A's rate-to-USD to get the cross rate, then multiply by your amount.
| Term | Definition |
|---|---|
| Mid-Market Rate | The midpoint between global buy/sell prices for a currency pair — no bank markup included |
| Cross Rate | The exchange rate between two non-USD currencies, derived through their shared USD rate |
| Spread | The markup a bank or exchange service adds on top of the mid-market rate — typically 1–4% |
Example: If 1 USD = 0.92 EUR and 1 USD = 148.5 JPY, then the EUR/JPY cross rate is 148.5 ÷ 0.92 = 161.4 — meaning 1 EUR buys about 161.4 JPY. Converting €500 to JPY: 500 × 161.4 = ¥80,700 at the mid-market rate, before any bank or card markup is applied.
💡 Expert Pro-Tip
The rate you see here is not the rate you'll get. Mid-market rates are the benchmark, but every bank, card network, and exchange kiosk adds a spread on top. Airport currency kiosks are the worst offenders, often marking up 8–15%. A no-foreign-transaction-fee credit card is usually your cheapest option for purchases abroad, typically landing within 0–1% of the mid-market rate. For cash or wire transfers, compare the total cost (rate markup + fees) across at least two providers before converting — on a $3,000 exchange, the difference between a good and bad rate can easily exceed $150.
Currency Converter FAQ
What exchange rate does this currency converter use?
This tool uses live mid-market exchange rates — the midpoint between the global buy and sell price for a currency pair, with no markup added. It's the same reference rate you'll see quoted on Google or Reuters. It is NOT the rate your bank, credit card, or a money-transfer service will actually give you.
Why is the rate I get from my bank different from the mid-market rate?
Banks, card networks, and currency exchange kiosks add a markup — typically 1% to 4% above the mid-market rate — plus sometimes a flat transaction fee. On a $2,000 currency exchange, a 3% markup costs you about $60 compared to the true mid-market rate. Services built around the mid-market rate (like Wise) typically charge a transparent, much smaller fee instead.
How often do exchange rates change?
Major currency pairs (USD/EUR, USD/GBP, USD/JPY) move continuously during trading hours and can shift meaningfully — often 0.5% to 1.5% — within a single day. This calculator refreshes rates from a live feed each time you load the page or hit refresh, so figures reflect current market conditions rather than a stale daily snapshot.
What's the best way to actually exchange money at a good rate?
Avoid airport kiosks and hotel currency exchanges — they routinely mark up 8–15% above mid-market. A no-foreign-transaction-fee credit card typically gets you closest to the mid-market rate for purchases. For cash, a mid-market-rate specialist (like Wise or a local bank's forex desk booked in advance) usually beats both an airport kiosk and a standard bank teller rate.