Currency Converter
Instantly convert between 20 major world currencies with a quick reference table.
Currency Converter
Convert between 20 major world currencies
100 USD
£79
GBP
0.79
1.265823
Quick Reference
| USD | GBP |
|---|---|
| $1 | £0.79 |
| $5 | £3.95 |
| $10 | £7.90 |
| $50 | £39.50 |
| $100 | £79.00 |
| $500 | £395.00 |
| $1,000 | £790.00 |
| $5,000 | £3,950.00 |
How to Use This Converter
Enter the amount you want to convert. Select your source currency (what you have) and target currency (what you want). Use the swap button to quickly reverse the conversion.
The quick reference table shows common amounts so you can quickly look up conversions without re-entering values. Great for travel planning or quick estimates.
The inverse rate shows how much 1 unit of the target currency is worth in the source currency — useful for checking prices in the other direction.
Understanding Exchange Rates
The mid-market rate is the "true" rate — the midpoint between buy and sell prices in the forex market. It's what you see on Google and financial news sites.
You'll never get the mid-market rate from a bank or exchange service. They add a spread (markup) of 1-5% as profit. Online services like Wise typically offer the smallest spreads.
Rates change constantly during trading hours (24/5 for major pairs). For large conversions, timing can matter — but trying to "time" forex markets is generally not recommended.
Tips for Saving on Currency Exchange
Avoid airport exchanges — they typically have the worst rates with spreads of 5-10%. Plan ahead and exchange before you travel.
Use travel-friendly cards like Wise, Revolut, or cards with no foreign transaction fees. They offer near mid-market rates and charge 0-1% fees.
Always pay in local currency when abroad. If a card terminal asks "pay in your home currency?" always say no — their conversion rate will be much worse (this is called Dynamic Currency Conversion).
Frequently Asked Questions
How are exchange rates determined?
Exchange rates are determined by supply and demand in the foreign exchange (forex) market. Factors include interest rates, inflation, trade balances, political stability, and economic performance. Major currencies float freely, while some are pegged to other currencies.
What is the difference between bid and ask rates?
The bid price is what a buyer will pay for a currency, and the ask price is what a seller wants. The difference (spread) is the profit for the exchange service. Banks and services add their own spread on top of the interbank rate, which is why you always get less than the "market rate."
Why do banks offer different rates than Google?
Google and financial sites show the mid-market (interbank) rate — the midpoint between buy and sell prices used by banks trading with each other. Banks, airports, and money transfer services add a markup (spread) of 1-8% as their profit margin.
What is the best way to exchange currency?
For the best rates: (1) Use a no-fee debit/credit card abroad, (2) Transfer via services like Wise or Revolut, (3) Avoid airport exchanges which have the worst rates, (4) Compare rates from multiple sources before converting large amounts.
Are these rates live?
These are approximate reference rates updated periodically. They provide a good estimate for planning and comparison but should not be used for actual financial transactions. Always check the rate offered by your specific bank or service before converting.
What is a currency pair?
A currency pair shows the exchange rate between two currencies. EUR/USD = 1.09 means 1 Euro buys 1.09 US Dollars. The first currency is the "base" and the second is the "quote." Major pairs always include USD; cross pairs do not.
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