Foreign Exchange
Currency Converter
Live exchange rates for 150+ currencies, updated every 24 hours.
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About exchange rates
Rates are fetched from Yahoo Finance (real-time mid-market), with @fawazahmed0/currency-api and open.er-api.com as automatic fallbacks. These are mid-market rates — the midpoint between buy and sell. Banks and remittance services apply a spread (typically 1–3%) on top. Always confirm the exact rate with your provider before transacting large amounts.
Factors That Move Exchange Rates
- Interest rate differentials: Higher interest rates attract foreign capital, strengthening the currency (e.g., USD strengthens when the Fed raises rates).
- Inflation: Higher inflation erodes purchasing power and typically weakens a currency over time.
- Trade balance: A trade surplus (more exports than imports) creates demand for the local currency.
- Geopolitical risk: Political instability or uncertainty drives investors to safe-haven currencies (USD, CHF, JPY).
- Central bank intervention: RBI and other central banks actively buy/sell currencies to stabilize rates.