Convert between global currencies using live exchange rates. Get accurate currency conversions for international transactions and travel planning.
Currency exchange is the process of converting one currency into another at the current exchange rate. Exchange rates fluctuate constantly based on economic factors, market demand, and geopolitical events, making currency conversion essential for international business, travel, and investment.
This calculator provides real-time exchange rates for major global currencies, helping you make informed decisions about currency conversions for travel, business transactions, or investment purposes.
Represents the European economy vs US economy
Highly liquid pair affected by UK economic data
Safe-haven currency influenced by Bank of Japan policy
| Factor | Impact | Description |
|---|---|---|
| Interest Rates | High | Higher rates attract foreign investment |
| Inflation | High | Lower inflation strengthens currency |
| Economic Growth | Medium | Strong GDP growth supports currency |
| Political Stability | High | Stability attracts investment flows |
| Trade Balance | Medium | Export surplus strengthens currency |
| Category | Currencies | Characteristics |
|---|---|---|
| Reserve Currencies | USD, EUR, JPY, GBP | Widely held by central banks |
| Commodity Currencies | AUD, CAD, NZD | Tied to natural resource prices |
| Safe Haven | CHF, JPY, USD | Strengthen during market stress |
| Emerging Market | INR, BRL, MXN | Higher volatility, growth potential |
| Pegged/Fixed | HKD, SAR, AED | Maintained at fixed rate to major currency |
Tokyo, Hong Kong, Singapore - JPY, AUD pairs most active
London, Frankfurt, Zurich - EUR, GBP pairs most active
New York, Toronto - USD pairs most active
| Term | Definition | Example |
|---|---|---|
| Base Currency | First currency in a pair | EUR in EUR/USD |
| Quote Currency | Second currency in a pair | USD in EUR/USD |
| Pip | Smallest price movement | 0.0001 for most pairs |
| Spread | Difference between bid/ask | Usually 1-5 pips for majors |
| Volatility | Price movement magnitude | Higher in emerging currencies |
GDP Growth: Strong economic growth typically strengthens a currency as it attracts investment.
Employment Data: Low unemployment rates indicate economic health and can strengthen currency.
Central Bank Policy: Interest rate decisions and monetary policy greatly influence exchange rates.
Trade Data: Trade surpluses (exports > imports) generally support currency strength.
| Risk Type | Description | Mitigation Strategy |
|---|---|---|
| Transaction Risk | Exchange rate changes between agreement and payment | Forward contracts, options |
| Translation Risk | Impact on financial statements | Natural hedging, derivatives |
| Economic Risk | Long-term competitive position changes | Operational hedging, diversification |
Cryptocurrencies: Highly volatile digital assets with 24/7 trading and minimal regulatory oversight.
Central Bank Digital Currencies (CBDCs): Government-issued digital versions of national currencies.
Stablecoins: Cryptocurrencies designed to maintain stable value relative to reference assets.