Convert amounts between the major currencies at live rates.
The currency converter changes an amount in one currency into another at the live mid-market rate. You can pick from 14 currencies, including the US dollar, euro, pound, yen, Singapore dollar and offshore yuan. It shows the converted amount and the exchange rate both ways, and it updates as you type.
Converted amount = amount × live rate
You want to convert 1,000 EUR to US dollars, and EUR/USD is 1.0850.
Now convert the same 1,000 EUR to pounds, with GBP/USD at 1.2700. The cross rate is 1.0850 ÷ 1.2700 = 0.85433, so 1,000 EUR is about 854.33 GBP.
The mid-market rate has no spread built in. Banks, card providers and brokers add their own margin or fees, so the amount you receive is usually a little lower. Use the converter to check a quote, turn trading profits into your home currency or compare account currencies. Rates move all the time, so treat each result as indicative.
New to exchange rates? Read how currency pairs work, see why your quoted rate differs in spreads and pips explained, and follow the dollar with the US dollar index guide. To see what a price move is worth on a trade, try the pip value calculator.
Yes. The converter uses live market prices and takes the mid-market rate, halfway between the bid and the ask. Your bank, card provider or broker applies its own spread and fees, so the amount you actually receive will usually be slightly different.
You can convert between 14 currencies: the US dollar, euro, British pound, Japanese yen, Swiss franc, Australian, Canadian and New Zealand dollars, Singapore dollar, offshore Chinese yuan (CNH), Thai baht, Norwegian krone, Hungarian forint and Polish zloty.
When neither currency is the US dollar, the converter goes through the dollar. For EUR to GBP it multiplies the EUR/USD rate by the USD/GBP rate. With EUR/USD at 1.0850 and GBP/USD at 1.2700, that gives 1.0850 ÷ 1.2700 = 0.85433.
It is the midpoint between the price buyers are bidding and the price sellers are asking. It is a fair reference because it has no spread added. Retail exchange rates are set either side of it, which is how banks and money changers earn their margin.
Banks and card providers usually add a markup to the mid-market rate, and some charge a fixed fee as well. Compare their rate with the one shown here: the gap between the two is the real cost of the exchange.