Why use this calculator
Quick currency conversions are essential for international travel, online shopping, comparing prices across countries, or sending money abroad. This calculator provides approximate conversions between major currencies.
How to use it
Enter the amount you want to convert, select the source currency and the target currency. The calculator shows the converted amount, exchange rate, and inverse rate. Note that rates are approximate and may differ from live market rates.
The formula
Converted Amount = Amount x (From Currency USD Rate / To Currency USD Rate). All conversions go through USD as the base currency.
Worked examples
1,000 USD to EUR
Approximately 926 EUR at the approximate rate
500 GBP to JPY
Approximately 94,776 JPY based on approximate rates
When people use it
- Estimating costs for international travel budgeting
- Comparing prices of products sold in different currencies
- Quick reference for freelancers billing international clients
- Understanding approximate exchange rates for financial planning
Tips
- These are approximate rates - check a live source for actual transactions
- Exchange rates fluctuate constantly based on market conditions
- Banks and currency exchanges typically add a spread to the mid-market rate
Questions people ask
- Are these exchange rates accurate?
- These are approximate fixed rates for estimation purposes. For actual transactions, always check live exchange rates from your bank or a financial data provider.
- Why do banks offer different rates?
- Banks add a markup (spread) to the mid-market rate. This spread is their fee for the conversion service. Online services like Wise often offer rates closer to the mid-market rate.
- How often do exchange rates change?
- In the forex market, rates change continuously during trading hours. Major currency pairs can fluctuate by 0.5-2% or more in a single day.