Currency Converter

Convert between different currencies using up-to-date exchange rates.

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FAQ
User Guide

About Currency Converter

The Currency Converter allows you to quickly convert between different currencies using current exchange rates. This tool is essential for forex traders who need to calculate values in different currencies.

How Exchange Rates Work

Exchange rates represent the value of one currency in terms of another. They fluctuate constantly due to various economic factors, including interest rates, inflation, political stability, and economic performance.

Major Currency Pairs

The most commonly traded currency pairs in forex include:

  • EUR/USD (Euro/US Dollar)
  • USD/JPY (US Dollar/Japanese Yen)
  • GBP/USD (British Pound/US Dollar)
  • USD/CHF (US Dollar/Swiss Franc)
  • AUD/USD (Australian Dollar/US Dollar)
  • USD/CAD (US Dollar/Canadian Dollar)

Frequently Asked Questions

How often are exchange rates updated?

Forex markets operate 24 hours a day during weekdays, so exchange rates change constantly. Our calculator uses rates that are updated regularly, but for live trading, always check your broker's platform for the most current rates.

Why are there different exchange rates for buying and selling?

The difference between the buying (ask) and selling (bid) price is called the spread. This is how brokers make money. Our calculator shows the mid-rate, which is the average of the bid and ask prices.

Can I convert exotic currencies with this calculator?

Our calculator focuses on major currencies commonly traded in forex. For exotic currencies, you may need to use specialized tools or check with your broker for accurate conversion rates.

User Guide

Step-by-Step Instructions

  1. Enter Amount: Input the amount you want to convert.
  2. Select Source Currency: Choose the currency you're converting from.
  3. Select Target Currency: Choose the currency you're converting to.
  4. Convert: Click the convert button to see the result.

Note: Exchange rates used in this calculator are for informational purposes only. Actual rates may vary when executing trades with your broker.