Currency Converter
Convert between major world currencies with current exchange rates.
Common Conversion Rates
| Currency | Code | Symbol | 1 USD = | 1 EUR = |
|---|---|---|---|---|
US Dollar |
USD | $ | 1.0000 | 1.1765 |
Euro |
EUR | € | 0.8500 | 1.0000 |
British Pound |
GBP | £ | 0.7300 | 0.8588 |
Japanese Yen |
JPY | ¥ | 110.3100 | 129.7765 |
Canadian Dollar |
CAD | C$ | 1.2500 | 1.4706 |
Australian Dollar |
AUD | A$ | 1.3700 | 1.6118 |
Swiss Franc |
CHF | CHF | 0.9200 | 1.0824 |
Chinese Yuan |
CNY | ¥ | 6.4700 | 7.6118 |
Indian Rupee |
INR | ₹ | 74.3800 | 87.5059 |
South Korean Won |
KRW | ₩ | 1,150.2500 | 1,353.2353 |
About Currency Conversion
What is Currency Conversion?
Currency conversion is the process of changing one currency into another at a specific exchange rate. Exchange rates fluctuate based on market forces, economic indicators, political events, and other factors.
Key Factors Affecting Exchange Rates
- Interest Rates: Higher interest rates attract foreign investment, increasing demand for the currency
- Inflation: Lower inflation typically strengthens a currency's purchasing power
- Economic Stability: Strong economic indicators generally strengthen a currency
- Government Debt: High public debt can lead to inflation and currency depreciation
- Political Stability: Stable political environments support stronger currencies
Common Uses for Currency Conversion
- Travel Planning: Calculate spending money for international trips
- Online Shopping: Compare prices across international retailers
- International Business: Calculate costs and revenues in different markets
- Investment Analysis: Evaluate foreign investments in local currency terms
- Remittances: Calculate how much money will be received when sending funds abroad
Note: The exchange rates used in this tool are for demonstration purposes and may not reflect current market rates. For actual transactions, please check with financial institutions or use real-time currency API services.