A currency converter turns an amount in one currency into its equivalent in another using the current exchange rate. Enter the amount, pick the two currencies, and it shows the converted total instantly — plus how provider fees change what the recipient actually gets.
This free online tool is for travelers checking prices abroad, freelancers and remote workers paid in foreign currency, and anyone sending money internationally who wants to see the true cost before committing. It takes your amount, the source and target currencies, and an editable exchange rate. The built-in rates are indicative placeholders — the tool makes no network requests — so paste your bank or broker’s live rate into the rate field for an accurate result. The output shows the converted amount, the rate used, and the inverse rate so you can read the pair in either direction. The final rate on any real transfer is set by your provider at execution. It runs instantly in your browser with no sign-up and no data stored.
Worked example
Inputs: convert $1,000 USD to EUR at the tool’s indicative rate of 0.92 EUR per USD (example rate — live rates move constantly).
- Converted: 1,000 × 0.92 = €920.00
- Inverse rate: 1 ÷ 0.92 = 1.08696 USD per EUR
The tool’s rates are indicative, not live market data — for a real transfer, update the rate field with your bank or broker’s current quote first. Comparing providers on the total the recipient receives, not the advertised rate, is the only comparison that matters.
How to use it
- Enter the Amount — the sum you want to convert.
- Select the From currency — the currency you are converting out of (e.g. USD).
- Select the To currency — the currency you are converting into (e.g. EUR).
- Check or edit the Exchange rate — it auto-fills from the indicative table; replace it with your provider's live quote for real accuracy.
- Read your result: the converted amount, the rate used, and the inverse rate.
The formula behind it
Frequently asked questions
How are exchange rates determined?
By supply and demand in the global foreign-exchange market, which trades around the clock on weekdays. Rates move with interest-rate decisions, inflation data, and geopolitical events. The mid-market rate — the midpoint between buy and sell prices — is the benchmark every provider starts from before adding their margin.
Why is my bank's rate worse than the rate I see online?
The rate online is usually the mid-market rate, which no consumer can actually trade at. Banks and transfer services quote a retail rate with their margin built in — typically 1–4% for banks, often under 1% for specialist transfer services. That margin is their revenue, and it is why the same transfer costs different amounts at different providers.
What is the mid-market rate?
The midpoint between the highest price buyers will pay and the lowest price sellers will accept for a currency pair at a given moment. It is the true exchange rate before any provider margin. Services that advertise zero fees usually still profit from the gap between the mid-market rate and the rate they give you.
Do exchange rates change on weekends?
The forex market closes on weekends, so most providers freeze their rates from Friday evening to Sunday evening — often with a wider margin added to cover the risk of Monday's open. Crypto markets, by contrast, trade continuously. If timing matters, converting during weekday market hours usually gets the tightest spread.