Foreign Exchange
Currency Converter
Convert between 150+ world currencies using live exchange rates updated every 24 hours. Whether you're sending money abroad, pricing imports, booking international travel, or tracking forex for investments — get accurate mid-market rates with no markup.
Popular pairs for India: USD/INR, AED/INR (UAE remittance), GBP/INR, EUR/INR, SGD/INR, and CAD/INR. Note: bank and remittance app rates include a spread of 0.5–3% over the mid-market rate shown here.
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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.
Frequently Asked Questions
What is the difference between the mid-market rate and the bank rate?▼
The mid-market rate (interbank rate) is the midpoint between buy and sell prices used by banks when trading with each other. When you exchange money at a bank or airport, they apply a markup (spread) of 2–5% on top. Online remittance services like Wise use rates close to the mid-market rate with transparent low fees, often saving 3–5× compared to traditional banks.
When is the best time to exchange currency?▼
Currency markets are most liquid and spreads are tightest during overlapping trading hours: the London-New York overlap (5:30 PM – 9:30 PM IST) sees the highest USD/GBP/EUR volume. For INR pairs, market hours (9 AM – 5 PM IST) on weekdays offer better rates. Avoid exchanging currency on weekends or holidays when rates may be less favourable.
How is USD to INR determined?▼
USD/INR is determined by supply and demand in the forex market, influenced by: India's trade deficit, FII/FDI flows, RBI interventions, global risk sentiment, and crude oil prices (India imports ~85% of its oil needs, paid in USD). The RBI intervenes periodically to prevent excessive volatility in the rupee.
What is TT rate vs card rate in banks?▼
TT (Telegraphic Transfer) rate is used for wire transfers — close to the mid-market rate. Card rate is used for debit/credit card transactions abroad — slightly less favorable. Bill buying/selling rates apply when you physically exchange foreign currency notes. TT rates are the best you'll get from a bank.
Is it cheaper to use a forex card or credit card abroad?▼
A forex card preloaded with foreign currency is typically cheaper: no dynamic currency conversion (DCC) markup, a fixed exchange rate at time of loading, and no foreign transaction fee. Credit cards charge a 2–3.5% foreign transaction fee and use the rate at settlement (1–3 days later). Forex cards are best for known travel destinations; credit cards offer flexibility for unexpected spends.