Currency Converter

Real-Time Rates

This calculator fetches live exchange rates from the European Central Bank (via Frankfurter API). Data is updated daily.

How Exchange Rates Work

An exchange rate is the value of one nation's currency versus the currency of another nation. These rates float freely against one another and change constantly based on supply and demand in the forex market.

Mid-Market Rate vs. Retail Rate

The rate you see here is the "mid-market" rate—the midpoint between buy and sell prices for large banks. Retail banks often add a 2-5% "spread" (fee) to this rate.

Factors Influencing Rates

• Inflation: Countries with lower inflation tend to see their currency value rise.
• Interest Rates: Higher interest rates attract foreign capital, raising the exchange rate.
• Stability: Political and economic stability attracts investment.