Live Currency Converter
Convert between 160+ world currencies with real-time mid-market exchange rates.
Instant Conversion
Conversion Result
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Did you know?
Currency exchange rates fluctuate constantly. Our tool uses live mid-market rates, which are the midpoint between the buy and sell prices of two currencies.
What the mid-market rate is, and why your bank quotes something else
The mid-market rate is the midpoint between the highest price buyers will pay and the lowest price sellers will accept on the interbank market. No retail customer transacts at it. Banks, card networks and bureaux add a spread — typically 0.5% to 1% for a card payment, 2% to 5% at an airport kiosk — and may add a fixed fee on top. Use the figure here as the honest baseline, then treat the difference between it and your provider quote as the true cost of the transfer.
How the conversion is calculated
Every rate in the feed is expressed against a single base currency, so a conversion between two non-base currencies is a triangulation: amount ÷ rate(from) × rate(to). Doing it in that order keeps a single rounding step at the end rather than compounding two. Results are shown to the currency’s own minor-unit precision — two decimals for USD or EUR, zero for JPY and KRW, three for BHD, KWD and OMR.
When these numbers are not the right tool
Mid-market rates move continuously during market hours and are stale over weekends and public holidays, when the feed carries the last close. For accounting, tax filing or invoicing, use the official daily reference rate your jurisdiction mandates — the ECB reference rate in the euro area, the IRS yearly average or the Bank of England daily spot in the UK — not a live retail feed. For historical valuation, the rate on the transaction date is what matters, not today’s.
Frequently asked questions
- Why is the rate here different from the rate my bank gave me?
- This is the mid-market rate, the midpoint of the interbank market. Banks and card issuers add a spread of roughly 0.5% to 5% depending on channel, plus any fixed fee. That gap is the provider’s margin, not an error in either figure.
- How often are the exchange rates updated?
- Rates are fetched when the page loads and can be refreshed manually. The upstream feed updates through the trading day; on weekends and market holidays it carries the last close, so a Sunday figure is Friday’s.
- Can I use these rates for tax or accounting?
- No. Tax authorities normally require a specific published rate — the ECB daily reference rate, the IRS yearly average, or an official central-bank spot on the transaction date. Use this converter for estimates and comparison, and the mandated source for filings.
- How do you convert between two currencies that are not the base currency?
- By triangulating through the base: divide by the source currency’s rate to get the base amount, then multiply by the target currency’s rate. Rounding is applied once, at the end, to the target currency’s minor-unit precision.
- Which currencies have no decimal places?
- Zero-decimal currencies include the Japanese yen, Korean won, Vietnamese dong, Chilean peso and Rwandan franc. Three-decimal currencies include the Bahraini dinar, Kuwaiti dinar, Omani rial and Tunisian dinar. Everything else is conventionally two.
Cite this page
UnitConvertLab. (2026). Live Currency Converter. UnitConvertLab. Retrieved from https://unitconvertlab.com/tools/currency-converter