Currency Converter
Convert between world currencies with live exchange rates. Supports 30+ currencies including USD, EUR, GBP, JPY, and more.
How It Works
This currency converter fetches live exchange rates from the Frankfurter API, which sources its data from the European Central Bank (ECB). The ECB publishes reference exchange rates daily around 16:00 CET on every working day, making these rates among the most trusted in the financial world.
When you select a source currency, the tool requests the latest rates for that currency against all other supported currencies. The conversion is then calculated locally by multiplying your input amount by the exchange rate: result = amount x exchange_rate.
For example, if the rate for USD to EUR is 0.9200, converting 100 USD would yield 100 x 0.9200 = 92.00 EUR. The inverse rate is also displayed so you can easily see the reverse conversion.
Exchange rates fluctuate constantly during trading hours due to supply and demand in the foreign exchange market. The rates shown here are reference rates intended for informational purposes and may differ slightly from the rates offered by banks or money transfer services, which typically include a markup or commission.
Frequently Asked Questions
The exchange rates are sourced from the European Central Bank (ECB) via the Frankfurter API. The ECB publishes updated reference rates every working day around 16:00 CET. Rates remain unchanged over weekends and European public holidays. These reference rates are widely used by financial institutions and businesses as a benchmark for currency conversions.
The rates displayed here are mid-market reference rates published by the European Central Bank. Banks and money transfer services typically add a markup (spread) on top of the mid-market rate to cover their costs and earn a profit. The difference can range from 0.5% to 5% or more depending on the institution, the currency pair, and the transaction amount. Always compare the total cost including fees and markup when choosing a service for actual money transfers.
Exchange rates are influenced by many factors including interest rate differentials between countries, inflation rates, trade balances, political stability, economic performance, and market speculation. Central bank monetary policies have a particularly strong impact. For example, when a central bank raises interest rates, its currency typically strengthens because higher rates attract foreign investment. Supply and demand in the global foreign exchange market, which trades over $7 trillion daily, ultimately determines the rate at any given moment.
These rates are reference rates intended for informational purposes such as budgeting, estimation, and general comparison. They should not be used as the definitive rate for actual financial transactions. For real money transfers, always check the rate offered by your bank, broker, or money transfer service at the time of the transaction, as rates change continuously and providers apply their own spreads and fees.