Currency Converter
This currency converter converts any amount between 30+ currencies using live ECB mid-market reference rates from the Frankfurter API. The formula is converted = amount x rate, with the inverse shown as 1 / rate. Rates update daily around 16:00 CET and are cached for 5 minutes. Defaults: 1 USD to EUR.
- Conversion formula: converted amount = amount x exchange rate; the inverse rate is 1 / rate. Rates are ECB mid-market reference rates sourced from the Frankfurter API.
- The mid-market rate is the midpoint between buy and sell prices and carries 0% markup, so it serves as the benchmark; any difference a bank or service charges is effectively a hidden fee.
- Rates are published once daily around 16:00 CET on business days and cached for 5 minutes on this page, so intraday moves are not reflected.
- Supports roughly 30 ECB-published currencies (USD, EUR, GBP, JPY, AUD, CAD, CHF, CNY, INR, SGD, HKD and more); JPY, KRW, IDR, HUF and ISK display with no decimal places.
- Sending Money mode estimates real-world cost: online services apply roughly a 0.5% spread and traditional bank transfers about 3%, versus 5-8% at airport kiosks. Historical lookups go back to 1999.
Live ECB mid-market exchange rates for 30+ world currencies
Convert currencies with the real mid-market rate. Learn why banks charge you more →
Quick Comparison
| Amount | Converted |
|---|
Multi-Currency View
| Currency | Converted | Rate |
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Typical Costs at Your Destination
Sending Money — Rate Comparison
Trader Insights
Exchange Rate History
Historical Conversion
Look up the exchange rate for any past date (ECB data available from 1999).
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View All Tools →How to Use the Currency Converter
Enter Your Amount
Type the amount you want to convert. You can enter whole numbers or decimals. The default is 1 unit.
Select Currencies
Choose your source and target currencies from the dropdowns. Use the swap button to reverse direction.
Read Your Result
The converted amount appears instantly with the ECB mid-market rate, inverse rate, quick comparison table, and historical chart.
Explore Modes
Switch between Standard, Multi-Currency, Travel, Sending Money, and Trader modes for different perspectives.
Share or Look Up History
Share a direct link to your conversion or look up rates for any past date back to 1999.
What Is the Mid-Market Exchange Rate?
The mid-market rate is the midpoint between the buy and sell prices of a currency pair on the global market. It represents the true value of one currency relative to another, without any markup or fees. Banks use this rate when trading among themselves but add a spread when offering exchange to consumers.
Why It Matters
The mid-market rate is your benchmark. Any difference between this rate and what a bank or service offers is effectively a hidden fee.
Why Banks Don't Give You the Mid-Market Rate
Banks, airports, and transfer services apply a markup to the mid-market rate. This ranges from 0.3% for online services to 8% for airport kiosks. The markup is their profit on the transaction and is often not disclosed transparently.
| Provider Type | Typical Markup |
|---|---|
| Mid-Market (this converter) | 0% (benchmark) |
| Online services (Wise, Revolut) | 0.3–1% |
| Traditional bank transfer | 2–4% |
| Airport kiosk | 5–8% |
Currency Codes Explained (ISO 4217)
Every currency uses a three-letter ISO 4217 code. The first two letters represent the country and the third represents the currency name — for example, USD = US Dollar, GBP = Great Britain Pound, JPY = Japan Yen.
How Exchange Rates Are Determined
Exchange rates are set by supply and demand in the forex market, the largest financial market with over $7.5 trillion traded daily. Key drivers include interest rate decisions by central banks, inflation, trade balances, political stability, and economic data releases.
Fixed vs Floating
Most major currencies float freely. Some are pegged (HKD to USD) or managed floats where the central bank intervenes.
Top 10 Most Traded Currency Pairs
EUR/USD leads at ~23% of daily volume, followed by USD/JPY (~14%) and GBP/USD (~10%). The US Dollar appears in 88% of all forex transactions. These major pairs offer the tightest spreads and deepest liquidity.
Travel Money Tips
Use a no-foreign-transaction-fee card for the best rates. Avoid airport exchanges (5–8% markup). Always decline Dynamic Currency Conversion when offered — choose to pay in local currency instead. ATMs abroad generally offer better rates than exchange counters.
Watch for Hidden Fees
Providers advertising "0% commission" often build profit into a wider spread. Compare against the mid-market rate.
Sending Money Internationally
Online transfer services typically offer rates closest to mid-market (0.3–1% markup). Banks charge 2–4% plus wire fees. Always compare the total cost: (Mid-Market Amount − Provider Amount) + Flat Fee.
Frequently Asked Questions
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The mid-market rate is the midpoint between the buy and sell prices of two currencies on the global market. It is the fairest exchange rate available and the one used by banks when trading among themselves. This converter shows mid-market rates from the European Central Bank.
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Rates come from the ECB via the Frankfurter API, published daily around 16:00 CET on business days. Rates are cached for 1 hour on this page.
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Banks add a markup (spread) to the mid-market rate — typically 2–4%. The difference between what you see here and what your bank offers is effectively a hidden fee.
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Yes. Use the Historical Conversion section to select any date from 1999 onward. This is useful for accounting, tax reporting, or checking what rates were at a specific time.
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This converter supports all currencies published by the ECB — approximately 30 currencies including USD, EUR, GBP, JPY, AUD, CAD, CHF, CNY, INR, SGD, HKD, and others.
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ECB reference rates are among the most authoritative in the world, used by governments and financial institutions. They are published once daily, so intraday movements are not reflected.
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The exchange rate is the market price (shown here). The conversion rate is what a provider charges, including their markup. The gap is your cost.
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Rates are driven by supply and demand in the forex market. Key factors include central bank interest rate decisions, inflation, trade balances, economic data, and geopolitical events.
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Online services like Wise and Revolut offer rates closest to mid-market. For travel, a no-foreign-transaction-fee card gives the best rates. Banks and airport kiosks are the most expensive.
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A currency pair expresses the value of one currency relative to another. In USD/EUR, USD is the base and EUR is the quote. The rate tells you how much EUR you need for 1 USD.
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USD dominates at 88% of trades, followed by EUR (31%), JPY (17%), GBP (13%), and CNY (7%). EUR/USD alone accounts for ~23% of global volume.
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ISO 4217 is the standard for three-letter currency codes. The first two letters represent the country (US, GB) and the third the currency name (D for Dollar, P for Pound).
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Yes. Click "Share this conversion" to copy a direct link with your currencies and amount. Anyone opening it sees the same conversion with the latest rate.
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Forex trading is buying and selling currencies on the global market — over $7.5 trillion traded daily. Retail traders use leverage through brokers to speculate on price movements.
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The Yen is valued at ~1/150th of a Dollar, so amounts are naturally larger. Decimals would be like fractions of a cent. This converter automatically adjusts formatting for JPY, KRW, and IDR.
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