Need to convert currency online quickly and for free? Our currency converter provides up-to-date exchange rates for over 150 currencies. No sign-up, no ads, 100% in your browser.
What is an exchange rate and how does it work?
An exchange rate is the price of one currency expressed in another. For example, if the EUR/USD rate is 1.08, you get $1.08 for every €1. Exchange rates fluctuate continuously on foreign exchange (forex) markets, which operate 24 hours a day, Monday to Friday.
The rate shown in our converter is the interbank (mid-market) rate: the price at which large banks trade with each other. It is the most favourable rate available, though commercial banks and exchange offices add a spread (margin) when you exchange money.
The world's most traded currencies
- US Dollar (USD) — the world's reserve currency; involved in over 88 % of all forex transactions.
- Euro (EUR) — used by 20 eurozone countries; the second most traded currency.
- British Pound (GBP) — the fourth most traded currency globally.
- Japanese Yen (JPY) — a safe-haven currency; third most traded.
- Swiss Franc (CHF) — known for stability; widely held as a reserve.
- Canadian Dollar (CAD), Australian Dollar (AUD) and Chinese Yuan (CNY) — key for trade with their respective regions.
How to convert currency online with our tool
- Select the source currency (e.g., EUR).
- Select the target currency (e.g., USD).
- Enter the amount you want to convert.
- The result appears instantly with the current exchange rate.
You can also reverse the conversion with one click to calculate in the opposite direction.
Why banks don't give you the mid-market rate
The interbank rate shown in our converter is the real reference rate. However, when you exchange money at a bank or currency office, they apply a spread — the difference between the buying and selling price — that can be 2 % to 5 % at traditional banks. International transfer platforms like Wise or Revolut typically offer much lower spreads. Use our converter to verify how much you should receive before making an exchange.
Frequently asked questions
What is today's EUR/USD exchange rate?
The EUR/USD rate fluctuates constantly on forex markets. Our converter shows the updated interbank rate several times a day. As a historical reference, in 2026 the EUR/USD has moved between approximately 1.05 and 1.12. For the exact current rate, use the converter tool directly.
What is the difference between the interbank rate and the bank rate?
The interbank (mid-market) rate is the real rate at which financial institutions trade currencies among themselves. The bank rate includes a profit margin (spread) that can range from 2 % to 5 % at traditional banks. Always compare the rate your bank offers against the interbank rate in our converter before exchanging money.
Can I use the converter to price imports?
Yes. If you import goods priced in a foreign currency, enter the amount in the source currency and select your local currency as the destination. Keep in mind that the actual exchange rate applied in a real transaction depends on your bank or payment platform and the exact timing of the settlement.
How often are exchange rates updated?
Exchange rates in our tool are updated several times a day from financial data sources. For operations requiring real-time precision (trading), use a specialised trading platform. For pricing, travel or transfers, our update frequency is more than adequate.
What is the bid-ask spread and how does it affect me?
The spread is the difference between the buying price (bid) and the selling price (ask) of a currency. It is the intermediary's profit margin. A 3 % spread on a €1,000 exchange means you implicitly pay €30 in fees. To minimise the spread, compare options: platforms like Wise or Revolut typically charge below 1 %.
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