Currency Converter & FX Rate Bulletin
Live exchange rates for 160+ currencies, refreshed on demand and cached in your browser. No account, no server-side tracking — the rate fetch goes straight from your browser to the rate provider.
Converter
Major Trade Currency Bulletin
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Rates provided by open.er-api.com (open, keyless mid-market rate feed). "Change" compares against the rates cached in your browser the last time you opened this page — not a live tick-by-tick feed, and not settlement-grade. Always confirm the bank/broker rate before wiring funds.
Mid-market rate versus the rate you actually get
The rates on this page are mid-market rates: the midpoint between the buying and selling price in the wholesale currency market. Banks and payment providers usually convert at a less favourable rate and keep the difference, called the spread, sometimes on top of a transfer fee. On a USD 50,000 invoice, a 2% spread costs USD 1,000.
- Ask your bank for the exact rate and all fees before sending or receiving a large payment.
- Compare the offered rate with the mid-market rate above to see the real cost of the conversion.
- Multi-currency business accounts let you hold foreign currency and convert when the rate suits you.
Managing currency risk in trade
Choose the invoice currency
Invoicing in your own currency moves the risk to the buyer; invoicing in the buyer's currency can win orders but leaves you exposed. Many exporters invoice in US dollars or euros.
Forward contracts
A bank can fix today the rate for a payment you expect in the future, so you know exactly what an invoice will be worth when it is paid.
Natural hedging
If you both earn and spend in the same foreign currency, matching the two reduces the amount you need to convert.
Price with a margin
Build a currency buffer into long-term quotes and state how long a price remains valid.
Test how a 10% currency move changes your margin in the landed cost calculator, and check payment terms in the documentary credits workbench.
Frequently asked questions
What is the mid-market exchange rate?
The midpoint between the buy and sell prices of two currencies in the wholesale market. It is the fairest reference rate, but most banks convert at a less favourable rate.
Why is my bank's exchange rate different?
Banks add a margin, called the spread, to the mid-market rate and may also charge a transfer fee. The difference is their profit on the conversion.
What is a forward contract?
An agreement with a bank to exchange a set amount of currency at a fixed rate on a future date, protecting you from rate changes between invoice and payment.
Which currency should I invoice in?
It depends on your costs, your buyer and your bargaining power. Invoicing in your own currency or a major currency such as USD or EUR reduces your risk; invoicing in the buyer's currency may help win the order.
Can I use these rates for customs or accounting?
No. They are indicative reference rates. Customs authorities publish their own official exchange rates for valuing imports, and your accounts should use the rate your bank actually applied.