Free Currency Converter — Live Exchange Rates
Mid-market rates sourced from the European Central Bank • Updated daily
What is CurrencyConverter247?
CurrencyConverter247 is a free online currency converter that displays live mid-market exchange rates for 30 currencies. It is designed for travellers, businesses and anyone who needs a quick, accurate reference for currency values. No account, app or registration is required.
What is the mid-market rate?
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of a currency in the foreign exchange market. It is the rate banks use when trading with each other and the most accurate benchmark for what a currency is worth. Banks and money transfer services typically add a margin of 1 to 4 percent on top of the mid-market rate when selling currency to consumers.
What is an exchange rate?
An exchange rate is the price at which one currency can be exchanged for another. For example, a USD/NZD exchange rate of 1.63 means 1 US dollar buys 1.63 New Zealand dollars. Exchange rates fluctuate continuously based on global supply and demand for each currency.
Where do the rates come from?
Rates are sourced from ExchangeRate-API and Frankfurter.app, both of which publish reference rates from the European Central Bank (ECB). The ECB publishes official foreign exchange reference rates each working day based on concertation procedures between European and international central banks.
Frequently Asked Questions
What is the difference between the mid-market rate and my bank's rate?
Banks and currency exchange services add a margin — typically 1 to 4 percent — on top of the mid-market rate when exchanging currency for customers. The mid-market rate shown here is a reference rate. The actual rate you receive at a bank or exchange counter will be slightly less favourable.
How does currency conversion work?
A currency converter multiplies your input amount by the current exchange rate between the two currencies. CurrencyConverter247 converts all currencies via USD as a common base: it first converts the source currency to USD, then converts USD to the target currency using the current cross-rate.
How often are exchange rates updated?
Exchange rates are updated daily using reference rates from the European Central Bank, published via ExchangeRate-API and Frankfurter.app.
Which currencies does CurrencyConverter247 support?
CurrencyConverter247 supports 30 currencies: USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, CNY, HKD, SGD, INR, MXN, BRL, ZAR, SEK, NOK, DKK, PLN, CZK, HUF, THB, MYR, IDR, PHP, KRW, AED, SAR, TRY and ILS.
Is CurrencyConverter247 free to use?
Yes. CurrencyConverter247 is completely free with no registration, subscription or account required.
How do I convert between two currencies?
Enter the amount you want to convert in the Amount field, select your source currency in the FROM dropdown, and select your target currency in the TO dropdown. The converted amount appears instantly using the current mid-market exchange rate.
Can I swap the currencies quickly?
Yes. Click the swap button (⇄) between the two currency selectors to instantly reverse the conversion direction.