Currency Converter

Rates are fetched from Frankfurter.app, a free and open-source exchange rate API that sources data from the European Central Bank (ECB). Rates are mid-market rates updated daily. They do not include any bank or transfer fees.

The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of a currency on the global markets. Banks and exchange services add their own margin on top of this rate — typically 1–5% for retail customers. The mid-market rate is what you see on Google or Reuters.

Banks make money on currency conversion by offering a rate that's worse than the mid-market rate. The difference — called the "spread" or "FX markup" — is their fee. For large transfers, consider services like Wise (formerly TransferWise) or Revolut that offer rates much closer to mid-market.

If the live API is unavailable (e.g. you're offline or the service is down), the calculator falls back to approximate cached rates for the most common currency pairs. The rate status indicator will show "Using cached rates" in that case. For accurate conversions, verify with a live source before transacting.