Where do the exchange rates on this page come from?

All exchange rates are sourced from the European Central Bank (ECB) and updated daily. The ECB publishes official reference rates each working day at approximately 16:00 CET.

Are the currency rates on ConvertForMe reliable for financial decisions?

Our rates are official ECB reference rates, making them highly accurate for reference purposes. For actual transactions, always check with your bank or payment provider, as they apply their own spreads and fees.

Currency Conversions

💵 Currency - Converter ✓ Verified Accurate

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Popular Comparisons

	USD	EUR	GBP	JPY	BRL
Cup of coffee	4.50	3.80	3.20	600	8
Movie ticket	15	12	13	1,800	30
Monthly rent (1-bed)	1,500	900	1,200	80,000	1,500
Average new car	48,000	30,000	28,000	3,500,000	120,000
Median annual salary	60,000	35,000	35,000	4,500,000	50,000

Currency

Currency conversion is the process of determining the equivalent value of one monetary unit in terms of another, based on the prevailing exchange rate between the two currencies. Exchange rates are determined in the foreign exchange market (Forex), the world's largest and most liquid financial market, with a daily trading volume exceeding $7.5 trillion USD as of 2022. Rates fluctuate continuously in response to macroeconomic indicators, central bank policy, geopolitical events, and market sentiment.

Two types of exchange rate systems govern how currencies relate to one another. Under a floating exchange rate system — used by the US Dollar, Euro, British Pound, and most major currencies — rates are determined by market supply and demand. Under a fixed or pegged exchange rate system, a government or central bank maintains a set exchange rate by intervening in currency markets. The Euro, introduced in 1999, represents a special case: a monetary union in which multiple sovereign nations share a single currency, eliminating exchange rate risk within the eurozone entirely.

For students of economics, finance, and international business, understanding exchange rates is foundational. Key concepts include purchasing power parity (PPP) — the theory that in the long run, exchange rates should equalise the price of identical goods across countries — and the carry trade, in which investors borrow in low-interest currencies to invest in high-interest ones. The exchange rates used on this page are sourced from the European Central Bank and updated daily, providing a reliable reference for academic and practical use.

Currency conversions

List of Currency conversions
‣ Euro (€) to US Dollar ($)
‣ British Pound Sterling (£) to US Dollar ($)
‣ Brazilian Real (R$) to US Dollar ($)
‣ Japanese Yen (¥) to US Dollar ($)
‣ Canadian Dollar (CA$) to US Dollar ($)
‣ Australian Dollar (A$) to US Dollar ($)
‣ Swiss Franc (CHF) to US Dollar ($)
‣ Chinese Yuan Renminbi (¥) to US Dollar ($)
‣ Mexican Peso (MX$) to US Dollar ($)
‣ Indian Rupee (₹) to US Dollar ($)
‣ South Korean Won (₩) to US Dollar ($)
‣ Singapore Dollar (S$) to US Dollar ($)
‣ Hong Kong Dollar (HK$) to US Dollar ($)
‣ Norwegian Krone (kr) to US Dollar ($)
‣ Swedish Krona (kr) to US Dollar ($)
‣ Danish Krone (kr) to US Dollar ($)
‣ New Zealand Dollar (NZ$) to US Dollar ($)
‣ South African Rand (R) to US Dollar ($)
‣ Turkish Lira (₺) to US Dollar ($)
‣ Argentine Peso ($) to US Dollar ($)
‣ Chilean Peso ($) to US Dollar ($)
‣ Colombian Peso ($) to US Dollar ($)
‣ Peruvian Sol (S/) to US Dollar ($)
‣ Polish Złoty (zł) to US Dollar ($)
‣ Czech Koruna (Kč) to US Dollar ($)
‣ Hungarian Forint (Ft) to US Dollar ($)
‣ Russian Ruble (₽) to US Dollar ($)
‣ Israeli New Shekel (₪) to US Dollar ($)
‣ Saudi Riyal (﷼) to US Dollar ($)
‣ UAE Dirham (د.إ) to US Dollar ($)
‣ Thai Baht (฿) to US Dollar ($)
‣ Indonesian Rupiah (Rp) to US Dollar ($)
‣ Malaysian Ringgit (RM) to US Dollar ($)
‣ Philippine Peso (₱) to US Dollar ($)
‣ Pakistani Rupee (₨) to US Dollar ($)
‣ Egyptian Pound (E£) to US Dollar ($)
‣ Nigerian Naira (₦) to US Dollar ($)
‣ Kuwaiti Dinar (د.ك) to US Dollar ($)
‣ Bahraini Dinar (BD) to US Dollar ($)