📖 About Exchange Rates
Exchange rates fluctuate constantly based on global economic factors, interest rates, political stability, and market demand. The rates shown here are indicative and may differ from what you'll get at banks or exchanges.
Tips for Currency Exchange
- Compare rates: Banks, airports, and online services offer different rates
- Watch for fees: Many services charge flat fees or hide costs in the spread
- Use credit cards abroad: Often better rates than cash exchange, but check for foreign transaction fees
- Avoid airport exchanges: Usually have the worst rates
📐 Major Currency Codes
- USD: United States Dollar (world's reserve currency)
- EUR: Euro (used by 20 EU countries)
- GBP: British Pound Sterling
- JPY: Japanese Yen
- CHF: Swiss Franc (considered a "safe haven")
- CNY: Chinese Yuan (also called RMB)
❓ Frequently Asked Questions
Supply and demand, interest rates, inflation, political stability, and economic performance all affect currency values. Central bank decisions and global events can cause sudden movements.
The buy rate is what the exchange will pay you for foreign currency. The sell rate is what you pay them. The difference (spread) is how they make money.
Get a small amount for immediate needs. For larger amounts, ATMs abroad often offer better rates than pre-trip exchange. Use a card with no foreign transaction fees when possible.
These are sample rates for demonstration. For actual transactions, always check with your bank or exchange service for current rates and fees.