Currency Converter
Real-time Global Exchange Rates
The Mechanics of Currency Exchange
Currency exchange rates represent the value of one nation's currency against another. Most currencies are traded in a "managed float" system, where market dynamics largely determine the value. Our converter uses mid-market rates to provide you with the most neutral data points for your calculations.
Whether you are a freelancer receiving payments from abroad or a traveler planning your next trip, understanding the spread between buying and selling rates is crucial for financial planning.
Interbank vs Open Market
When using a currency converter, it's important to know which rate you're looking at. The interbank rate is what banks use for international trade, while the open market rate is what you'll find at local exchange companies. There is usually a small difference (the spread) between these two.
Pro Tip
Always check the "Last Updated" timestamp. Currency markets are highly volatile and can move significantly within minutes based on global geopolitical news or domestic economic policies.
Disclaimer
All rates and calculations provided by Real Rate are for informational purposes only. Local market prices may vary significantly from the rates shown. Always verify with your local bullion dealer or bank before making any financial decisions. Real Rate is not liable for any financial losses or damages.