Currency Converter
Convert between all major world currencies using up-to-date exchange rates. Calculate foreign exchange values instantly.
Conversion Results
| Original Amount | 1.00 USD |
|---|---|
| Converted Amount | 1.30 CAD |
| Exchange Rate | 1 USD = 1.30 CAD |
| Inverse Rate | 1 CAD = 0.77 USD |
Historical Rates (Last 30 Days)
| Date | Rate | Change |
|---|---|---|
| Today | 1.30 | +0.01 |
| 2023-06-15 | 1.29 | -0.02 |
| 2023-06-14 | 1.31 | +0.01 |
| 2023-06-13 | 1.30 | 0.00 |
| 2023-06-12 | 1.30 | -0.01 |
About Currency Converter
This currency converter tool helps you calculate exchange rates between major world currencies. It provides real-time conversion rates and historical data to help you make informed financial decisions when dealing with foreign exchange.
How Currency Conversion Works
The converter uses the following formula to calculate exchange rates:
Converted Amount = Original Amount × Exchange Rate
For example, to convert 100 USD to CAD at an exchange rate of 1.30:
100 USD × 1.30 = 130 CAD
Understanding Exchange Rates
An exchange rate is the value of one currency for the purpose of conversion to another. Exchange rates fluctuate constantly due to:
- Economic factors: Interest rates, inflation, and economic growth
- Political stability: Government policies and political events
- Market speculation: Trader expectations about future currency values
- Supply and demand: Global trade flows and investment patterns
Common Currency Codes
Currencies are identified by 3-letter ISO codes:
- USD: US Dollar
- EUR: Euro
- GBP: British Pound
- JPY: Japanese Yen
- CAD: Canadian Dollar
- AUD: Australian Dollar
- CNY: Chinese Yuan
- INR: Indian Rupee
- MXN: Mexican Peso
Exchange Rate Types
There are different types of exchange rates you might encounter:
- Spot Rate: Current exchange rate for immediate delivery
- Forward Rate: Agreed-upon rate for future delivery
- Interbank Rate: Rates banks charge each other
- Retail Rate: Rates offered to consumers (typically less favorable)
Note: This calculator provides indicative rates only. Actual rates may vary depending on your bank or exchange service, and may include additional fees.