Currency Converter
Daily-updated exchange rates for 160+ world currencies — from US Dollar and Euro to Pakistani Rupee, Indian Rupee and UAE Dirham.
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About these rates
Rates come from the open Exchange Rate API, which aggregates central-bank and market data and refreshes once a day. These are reference mid-market rates — the midpoint between global buy and sell prices. They're ideal for budgeting, invoicing references, and homework, but no consumer can transact at exactly this rate.
Why your bank gives you a worse rate
Banks and card networks add a spread (typically 1–3%) plus possible fixed fees on top of the mid-market rate. Dedicated transfer services usually charge less than banks for international transfers. When comparing options, ask for the total amount received on the other end — that single number includes every hidden fee.
Tips for travelers and freelancers
- Always pay in the local currency abroad — "dynamic currency conversion" (paying in your home currency) adds a markup of 3–8%.
- Freelancers invoicing internationally: state the currency explicitly on invoices and consider adding a clause for exchange-rate fluctuations on late payments.
- For large transfers, even 0.5% of spread matters — compare two providers before sending.
What the rate you actually get looks like
The mid-market rate shown here is the reference point. Nobody transacts at it — every provider adds a margin, and the differences are larger than most people expect. On a $1,000 equivalent transfer:
| Method | Typical margin over mid-market | Rough cost per $1,000 |
|---|---|---|
| Specialist transfer services | 0.4–1% | $4–10 |
| Online-only banks | 1–2% | $10–20 |
| High-street bank transfer | 2–4% plus fixed fee | $20–40+ |
| Credit card abroad | 2–3% foreign transaction fee | $20–30 |
| Airport exchange counter | 5–12% | $50–120 |
When comparing providers, ignore the advertised fee and ask a single question: how much lands in the recipient's account? A "zero fee" transfer with a 3% spread costs far more than a $5 fee at a 0.5% spread.
Rules for travellers
- Always pay in the local currency. When a terminal offers to charge you in your home currency — "dynamic currency conversion" — it applies its own markup of 3–8%. Decline every time.
- Withdraw larger amounts less often if your card charges a fixed ATM fee, and use bank-operated machines rather than standalone ones in tourist areas.
- Skip airport exchange counters except for a small amount to get you into town.
- Tell your bank you're travelling, or expect a security block at the worst moment.
If you invoice internationally
State the currency explicitly on every invoice — "$" alone is ambiguous across at least a dozen currencies. Agree who absorbs the transfer fees before the work starts, since intermediary bank charges can quietly reduce what arrives. For recurring contracts, consider setting the rate at invoice date rather than payment date, so a slow payer doesn't become a currency risk.