Currency Converter Calculator
Convert a currency amount to local currency or vice versa using the current exchange rate.
Frequently Asked Questions
What is the difference between buying and selling rates?
The buying rate is the price at which the bank buys currency from you (when you sell), and the selling rate is the price at which the bank sells currency to you. The selling rate is always higher than the buying rate. The difference (spread) is the bank's profit.
Where can I find the best exchange rate?
Currency exchange offices generally offer better rates than banks because they do not charge commissions. However, choosing a reliable exchange office is important. Online banking and currency apps also allow you to transact at real-time rates.
What is the difference between free rate and effective rate?
The free exchange rate is applied for account-to-account transfers. The effective rate is applied for cash currency transactions and is usually a few cents higher than the free rate. Airport exchange offices apply the effective rate.
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