Currency Converter
Check live foreign exchange rates and convert currencies instantly.
Currency Converter
1 USD =
0.0000 INR
1 USD = 0.0000 INR
Exchange rates updated: ...
What is a Currency Converter?
A Currency Converter is a financial tool that allows you to calculate the value of one currency in terms of another. It uses real-time or latest available foreign exchange (Forex) rates to provide accurate conversions. This is essential for international travelers, businesses involved in import/export, and forex traders.
How It Works
The converter multiplies the amount of the base currency by the current exchange rate of the target currency.
Converted Amount = Amount * Exchange Rate
Example: If 1 USD = 83 INR, then 100 USD = 100 * 83 = 8300 INR
Example Calculation
Scenario
You want to convert 1000 US Dollars (USD) to Indian Rupees (INR).
- 1.Base Currency: USD
- 2.Target Currency: INR
- 3.Exchange Rate: 1 USD = ₹83.50 (Hypothetical)
- 4.Calculation: 1000 * 83.50
- 5.Result: ₹83,500
Why This Tool is Useful
- ✓Provides instant and accurate exchange rates.
- ✓Supports major global currencies like USD, EUR, GBP, INR, JPY, etc.
- ✓Helps travelers budget their expenses in foreign countries.
- ✓Useful for online shopping from international websites.
- ✓Helps businesses price their products for global markets.
Tips & Comparison
- •Forex Markup: Banks and money changers often add a markup fee (1-3%) over the interbank rate shown here.
- •Dynamic Rates: Exchange rates fluctuate every second during market hours. Always check the rate just before making a transaction.
- •Mid-Market Rate: The rate shown is usually the 'Mid-Market Rate' (average of buy and sell rates), which is the fairest exchange rate.
- •Currency Codes: Familiarize yourself with 3-letter ISO codes (e.g., USD, INR, EUR) to avoid confusion.