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Currency Converter online

Convert between major world currencies — reference exchange rates

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MUNSTER
⚠ Reference rates only — not live market rates. For financial decisions use a live data provider.
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How to Use currency-converter

  1. Enter an amount in the source currency field.
  2. Select the source and target currencies from the dropdowns.
  3. The converted amount updates using the latest available exchange rates.
  4. Rates are shown with their last-updated timestamp for reference.

This currency converter uses regularly updated reference exchange rates for major world currencies. It is suitable for indicative conversions and financial planning — note that live interbank rates differ from the retail rates offered by banks and currency exchanges, which include a spread and fees.

Understanding Exchange Rates

The exchange rate between two currencies is expressed as how many units of currency B equal one unit of currency A. The mid-market rate (also called the interbank rate) is the midpoint between buying and selling rates, with no margin applied — it is the rate you see quoted on Google, Reuters, and Bloomberg. Retail rates include a spread of 0.5–3% (banks) to 5–10% (airport kiosks). For large international transfers, compare the all-in rate including fees.

Frequently Asked Questions

Why do the rates here differ from my bank?

This tool shows mid-market rates — the theoretical midpoint with no bank margin. Retail banks add a spread (typically 1–3%) and sometimes a flat transaction fee. Money transfer services (Wise, Revolut) offer closer-to-mid-market rates with transparent fees.

How often are rates updated?

Rates are updated daily using open exchange rate data. For real-time financial transactions, use a commercial FX API or your bank's live rate. Daily rates are appropriate for budgeting, invoicing, and planning.

What is the difference between the spot rate and the forward rate?

The spot rate is for immediate (T+2) settlement — what you'd pay today. A forward rate locks in an exchange rate for settlement at a future date, useful for hedging currency risk in international contracts.

Does this support cryptocurrency?

Not currently — this converter covers fiat currencies only. For crypto conversions, use a dedicated crypto exchange rate tool.

See also the VAT Calculator, Tip Calculator, and the Compound Interest Calculator.