Currency Converter

The Foreign Exchange (Forex) market is the largest financial market in the world, with trillions of dollars traded daily. Currency rates fluctuate constantly based on global economic health, interest rates, and geopolitical stability. This calculator uses mid-market rates from the European Central Bank.

The "Real" Rate vs. The "Tourist" Rate

The rate you see on Google or this calculator is the "Mid-Market Rate" — the midpoint between the "Buy" and "Sell" prices of two currencies in global markets.
Warning: You will rarely get this rate as a consumer.

Traveler's Tip: Always Pay in "Local Currency"

When paying with a credit card abroad, the payment terminal might ask: "Pay in USD or EUR?"
ALWAYS choose the local currency (EUR).
If you choose your home currency (USD), the merchant's bank performs the conversion at a terrible rate (Dynamic Currency Conversion), costing you an extra 5-7%. Let your own bank handle the conversion.

What Moves Exchange Rates?

• Interest Rates: Higher interest rates in a country attract foreign investors looking for yield, driving up demand and value for that currency.
• Inflation: Lower inflation generally leads to a stronger currency value, as purchasing power is maintained.
• Trade Deficits: If a country imports more than it exports, it must sell its own currency to buy foreign goods, potentially lowering its value.