Currency Converter
Check exchange rates and convert money instantly.
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Converted Amount
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This calculator uses approximate mid-market rates. Banks may charge a markup/fee on this rate.
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How Currency Conversion Works
Foreign exchange (Forex) rates tell you how much one currency is worth in terms of another. These rates change every second based on global supply and demand.
Example: If the rate for USD/INR is 84.00, it means you need ₹84 to buy $1.
Mid-Market Rate vs. Bank Rate
The rate you see on Google or this calculator is usually the Mid-Market Rate. This is the "real" rate used by banks to trade with each other.
However, when you go to a bank or airport to exchange money, they add a Markup (hidden fee). Instead of giving you ₹84 for your dollar, they might only give you ₹82. The difference (₹2) is their profit.
Factors Affecting Exchange Rates
- Inflation: Countries with lower inflation generally see their currency value rise.
- Interest Rates: Higher interest rates attract foreign capital, causing the currency to rise.
- Political Stability: Stable countries attract more investment, strengthening their currency.