Currency Calculator
Convert between major world currencies, cryptocurrencies, and precious metals using live exchange rates or custom rates.
Equivalent unit(s) of B compared to 1 unit of A
Conversion Results
| Currency Pair | USD/EUR |
|---|---|
| Exchange Rate | 1.0000 |
| Last Updated | Just now |
Popular Conversions
| Currency | Rate |
|---|
About Currency Calculator
This currency calculator helps you convert between major world currencies, cryptocurrencies, and precious metals using either live exchange rates or custom rates you provide.
How Currency Conversion Works
Currency conversion is based on exchange rates that fluctuate constantly due to global market forces. The formula for conversion is simple:
Amount in Target Currency = Amount in Source Currency × Exchange Rate
Where:
- Exchange Rate is the value of one currency expressed in terms of another currency
- For example, if EUR/USD = 1.20, then 1 Euro = 1.20 US Dollars
Live Exchange Rates vs. Custom Rates
Live Exchange Rates: Our calculator fetches current market rates from reliable financial data providers to give you the most accurate conversion.
Custom Rates: You can input your own exchange rate for specific calculations, which is useful when you have a negotiated rate or want to calculate historical conversions.
Understanding Currency Pairs
Currencies are always quoted in pairs (e.g., EUR/USD):
- The first currency (EUR) is the base currency
- The second currency (USD) is the quote currency
- The exchange rate shows how much of the quote currency is needed to buy one unit of the base currency
Factors Affecting Exchange Rates
Interest Rates: Higher interest rates offer lenders higher returns relative to other countries.
Inflation Rates: Countries with lower inflation typically see their currency value rise.
Political Stability: Countries with less risk for political turmoil are more attractive to foreign investors.
Economic Performance: Strong economic growth attracts foreign investment and increases currency demand.