Convert currencies instantly with up-to-date exchange rates. Perfect for international business, travel planning, and financial calculations.
Inflation: Different inflation rates between countries affect exchange rates.
Interest Rates: Higher interest rates attract foreign capital and strengthen currency.
GDP Growth: Strong economic growth typically strengthens a country's currency.
Political Stability: Stable governments and policies support stronger currencies.
Trade Balance: Countries with trade surpluses often have stronger currencies.
Market Sentiment: Global market confidence affects currency strength.
Check Rates Daily: Exchange rates fluctuate constantly throughout the day.
Avoid Airport Exchanges: Airport kiosks often have the worst rates and high fees.
Use Banks or ATMs: Generally offer better rates than currency exchange services.
Consider Fees: Factor in any transaction fees when comparing rates.
Convert in Batches: Convert larger amounts less frequently to avoid fees.
Keep Some Cash: Have small denominations for tips and small purchases.
Exchange rates can change multiple times per second during market hours. Major currencies like USD, EUR, and GBP are most volatile during business hours in their respective regions.
The buying rate is what banks pay to buy your currency. The selling rate is what they charge to sell you foreign currency. The difference is their profit margin, typically 3-5%.
It's often better to convert money as you need it. Exchange rates can improve, and you'll avoid losing money if rates worsen. Keep emergency funds in your home currency.
Use a combination: some cash for small purchases, a debit card for ATMs, and a credit card for larger purchases. Notify your bank of travel plans and keep emergency numbers handy.
Best for larger purchases, no foreign transaction fees if chosen wisely.
Good exchange rates, but watch for ATM fees. Use banks, not tourist areas.
Necessary for small purchases and places that don't accept cards.
Use apps for real-time rates and to avoid carrying large amounts of cash.