Convert Currency
Enter amount and select currencies to convert with live exchange rates.
From
USD
US Dollar
To
EUR
Euro
Exchange Rate:
1 USD = 0.92 EUR
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Conversion Results
100 USD
Amount to convert
92.00 EUR
Exchange Rate
Current rate
1 USD = 0.92 EUR
Inverse Rate
Reverse conversion
1 EUR = 1.09 USD
Fee Calculator
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USD
Total Fees:
$0.00
You Receive:
0.00 EUR
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Currency Converter Guide: Understanding Foreign Exchange
Currency exchange is essential for international travel, business, and investments. Understanding exchange rates, fees, and timing can save you significant money.
How Exchange Rates Work
Exchange rates represent the value of one currency relative to another. They fluctuate constantly due to:
- Economic factors: Interest rates, inflation, GDP growth
- Political stability: Government policies, elections, geopolitical events
- Market speculation: Trader expectations and sentiment
- Supply and demand: Trade balances, foreign investment
Where to Exchange Currency
| Exchange Method | Typical Spread | Fees | Best For |
|---|---|---|---|
| Banks | 2-4% | $5-10 flat fee | Large amounts, planning ahead |
| Airport Kiosks | 5-15% | High commissions | Emergency only |
| ATMs Abroad | 1-3% | $3-5 + 3% foreign fee | Getting local cash |
| Credit Cards | 0-3% | 0-3% foreign fee | Purchases, hotels |
| Online Services | 0.5-2% | Low or no fees | Best rates, delivery |
Major World Currencies
- US Dollar (USD): World's primary reserve currency, used in 88% of forex trades
- Euro (EUR): Used by 20 European countries, second most traded
- Japanese Yen (JPY): Third most traded, considered a safe-haven currency
- British Pound (GBP): Oldest still in use, fourth most traded
- Swiss Franc (CHF): Considered one of the most stable currencies
- Canadian Dollar (CAD): Commodity currency tied to oil prices
- Australian Dollar (AUD): Commodity currency tied to mining exports
Frequently Asked Questions
What's the difference between buying and selling rates?
The buying rate is what banks pay you for your foreign currency. The selling rate is what they charge you. The difference (spread) is their profit, typically 2-5%.
Should I exchange money before traveling?
Exchange a small amount for immediate expenses (taxi, tips), then use ATMs or local banks for better rates. Never exchange at airports except for emergencies.