Currency Converter
Convert between world currencies instantly with live exchange rates
How to Use This Calculator
- 1 Enter the amount you want to convert
- 2 Select your source currency (e.g., INR)
- 3 Select the target currency (e.g., USD)
- 4 View instant conversion with live rates
Formula Used
Converted Amount = Amount x Exchange Rate
Converts values between currencies using real-time or illustrative exchange rates.
Key Insights
- Exchange rates fluctuate constantly based on market conditions
- Banks typically charge 2-3% markup on foreign transactions
- Use specialized forex cards for travel to save on fees
- A stronger home currency makes imports cheaper
Frequently Asked Questions
How often are exchange rates updated?
Our exchange rates are updated daily from reliable forex data sources. For real-time trading rates, please check with your bank or authorized forex dealer as actual rates may include spreads and fees.
What is the difference between mid-market and bank rates?
Mid-market rates (shown here) are the midpoint between buy and sell rates. Banks typically add a markup of 1-5% on top, so the rate you get when exchanging money will be slightly different.
What is the Liberalized Remittance Scheme (LRS)?
LRS allows Indian residents to remit up to USD 250,000 per financial year for permitted transactions like education, travel, investments abroad, or gifts. TCS of 5-20% may apply depending on the purpose.
How can I get better exchange rates?
Compare rates across banks and forex services, avoid airport exchanges, use forex cards for travel, and consider timing your exchange when rates are favorable. Online forex platforms often offer better rates than physical exchanges.