Currency Converter: Currency Exchange Rate Calculator Online (2024)

Currency exchange rates fluctuate every minute.Our currency converter tool provides users with the latest exchange rates from reputable and reliable sourcesso they can make informed decisions about their foreign exchange transactions.With nearly 20 years of experience in the currency exchange rates markets,the exchange-rates.org currency converter leverages our expertise, experience,and deep understanding of how the foreign exchange markets work.

Live Currency Exchange Rates

Amount:

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swap

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1US Dollar=0.9211Euros

1 USD = 0.9211 EUR1 EUR = 1.0857 USD

Last update 2024-5-22 1:40 AM UTC

Popular Exchange Rates Today

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Australian Dollar

1.4997

USD / AUD

0.6668

AUD / USD

0.006%

USD / AUD

British Pound

0.7865

USD / GBP

1.2714

GBP / USD

0.02%

USD / GBP

Canadian Dollar

1.3638

USD / CAD

0.7333

CAD / USD

What is the Exchange-Rates.org currency converter?

The exchange-rates.org currency converter is a popular online currency converter tool that lets you easily check the exchange rate for any currency relative to another.For nearly 20 years the exchange-rates.org currency converter has been helping users get accurate and up-to-date currency exchange rates for over 130 global currencies.

Why use the Exchange-Rates.org currency converter?

The exchange-rates.org currency converter has been trusted by users for nearly 20 years.
We get our currency exchange rates from the most authoritative sources for forex data in the world.
Our currency exchange rates are updated every few minutes to reflect the most up-to-date values.
Our tool is completely free to access and has an intuitive, easy-to-use interface.

How to convert currencies online?

You can convert currencies online using the exchange-rates.org currency converter. Just follow these simple steps:

1. Enter Amount

Begin with entering the amount of currencies you want to convert in the conversion box.

2. Select From Currency

Next, from the dropdown list, choose the currency you want to convert the amount from.

3. Select To Currency

Now choose the currency you want to convert the amount into from the list of currencies that appear in the dropdown list.And you’re done! You’ll now see the value of the converted currency according to the most current exchange rate.

Currency Converter FAQs

Which currencies can you convert using the currency converter?

The exchange-rates currency converter can convert nearly 130 global currencies including the USD, AUD, CAD, HKD, EUR and GBP to name but a few.

How does a currency converter work?

A currency converter works by converting the value of one currency to another based on the latest exchange rates. To do this, the currency converter tool integrates with leading currency exchange rate data providers to get the latest exchange rates in real time.

How does currency exchange work?

A currency exchange works by converting the value of one currency into its equivalent in another currency. Since individuals and businesses need to frequently make international transactions involving different currencies, it is important for them to be able to convert one currency into another. Also, since currency exchange rate values fluctuate in real time, currency exchanges provide users with the latest values to facilitate conversions.

Why are exchange rates between countries different?

The value of one currency relative to another is driven by supply and demand based on a number of macroeconomic factors. If the currency of one country is in high demand (for instance, the USD) then its value relative to others is likely to go up. Sometimes, countries may voluntarily allow their currencies to appreciate or depreciate relative to others in response to domestic economic pressures. All these factors impact the exchange rates between countries.

What is the best time to convert currencies?

Unlike equities markets, currencies are traded 24 hours a day, 5 days a week. That said, 3 PM - 4 PM UTC is a good time to convert currencies as this is the time when peak activity of two of the largest currency exchanges — New York and London — overlaps, resulting in good liquidity.

What currency has the highest conversion rate?

The Kuwaiti Dinar (KWD) is currently the strongest currency in the world.1 Kuwaiti Dinar (KWD) = 3.2582 US Dollars (USD) as of 2024-5-22 1:40 AM UTC.

What is the cheapest currency in the world?

The Lebanese Pound (LBP) is currently the cheapest currency in the world.1 US Dollar (USD) = 89,639 Lebanese Pounds (LBP) as of 2024-5-22 1:40 AM UTC.

Why Trust Us?

Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk.

We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. The currency, cryptocurrency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users.

Used and trusted by millions
of people.

Featured in reputable financial publications like Business Insider, Investopedia and Coindesk

Popular Conversions

20000 Yen to USD

400 Pesos to US Dollars

100 Million Won to USD

1500 Euros to US Dollars

3000 CAD to USD

600 Pesos to US Dollars

50 Million Won to USD

2000 Yen to USD

300 US Dollars to Pesos

1200 Euros to US Dollars

Currency Converter: Currency Exchange Rate Calculator Online (2024)

FAQs

How do you solve exchange rate questions? ›

In order to convert currencies using exchange rates:

Write down the exchange rate and the other information given. ...
Highlight the rate.
Decide whether to multiply or divide by the rate. ...
Multiply or divide the given currency by the exchange rate.
State your final answer with the correct currency symbol.

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How to work out an exchange rate calculator? ›

If you don't know the exchange rate, you can use this formula: starting amount (base currency) / ending amount (foreign currency) = exchange rate. Use the currency conversion formulas mentioned earlier to calculate how much you'd get for your currency if you were trading in the forex market.

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How do you calculate the money changer rate? ›

Calculate an FX rate using this simple formula: Your starting figure (in your local currency) divided by the final number (in the new foreign currency) = the exchange rate.

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How do you convert currency using the exchange rate? ›

To convert from a base currency, you would multiply by the exchange rate. If the exchange rate is greater than 1, you will get a larger number—that is, you will get more of the second currency in exchange for the first.

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What is the formula for calculating exchange rates? ›

If you don't know the exchange rate, you can use the following simple currency conversion calculation to find it: take your starting amount (original currency) and divide it by ending amount (new currency) = exchange rate.

How do you solve for conversion rate? ›

Conversion rates are calculated by simply taking the number of conversions and dividing that by the number of total ad interactions that can be tracked to a conversion during the same time period. For example, if you had 50 conversions from 1,000 interactions, your conversion rate would be 5%, since 50 ÷ 1,000 = 5%.

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How to calculate real exchange rate? ›

The core equation is RER = eP*/P, where, in our example, e is the nominal dollar/euro exchange rate, P* is the average price of a good in the euro area, and P is the average price of the good in the United States.

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How do exchange rates work for dummies? ›

The exchange rate gives the relative value of one currency against another currency. An exchange rate GBP/USD of two, for example, indicates that one pound will buy two U.S. dollars. The U.S. dollar is the most commonly used reference currency, which means other currencies are usually quoted against the U.S. dollar.

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What is the formula for the rate of money? ›

Using the interest rate formula, we get the interest rate, which is the percentage of the principal amount, charged by the lender or bank to the borrower for the use of its assets or money for a specific time period. The interest rate formula is Interest Rate = (Simple Interest × 100)/(Principal × Time).

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How do you calculate the currency swap rate? ›

Using the formula:

Swap rate = (Contract x [Interest rate differential. + Broker's mark-up] /100) x (Price/Number of. days per year)
Swap Short = (100,000 x [0.75 + 0.25] /100) x (1.2500/365)
Swap Short = USD 3.42.

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Do you multiply or divide to convert currency? ›

It is easy to confuse whether you need to multiply or divide by the exchange rate. One way to remember is with the rule: If you are going from the “1” to the other currency then multiply. If you are going to the “1” from the other currency then divide.

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How to solve exchange rate problems? ›

Multiply the money you've budgeted by the exchange rate. The answer is how much money you'll have after the exchange. If "a" is the money you have in one currency and "b" is the exchange rate, then "c" is how much money you'll have after the exchange. So a * b = c, and a = c/b.

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What is the solution for exchange rate? ›

Exchange rate risk cannot be avoided altogether when investing overseas, but it can be mitigated considerably through the use of hedging techniques. The easiest solution is to invest in hedged investments such as hedged ETFs. The fund manager of a hedged ETF can hedge forex risk at a relatively lower cost.

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What is the formula for the real exchange rate? ›

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What is the formula for the effective exchange rate? ›

First, weigh each nation's exchange rate to reflect its share of the home country's foreign trade. Multiply all of the weighted exchange rates. Then multiply the total by 100. That is its REER.

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