How to Convert Currencies: Exchange Rates and Currencies
Learn how to convert currencies and understand exchange rates between the world's main currencies.
Converting currencies is a common operation when travelling, shopping online or doing international business. In this guide we explain how exchange rates work and how to use a converter.
1 Understand the exchange rate
The exchange rate is the relationship between two currencies: how many units of one currency you need to get one of the other. For example, if 1 EUR = 1.09 USD, one euro is worth 1.09 dollars.
2 Convert between currencies
To convert, multiply your amount by the exchange rate. If you travel from Europe to the US with €500, you get approximately 500 × 1.09 = $545.
3 Most used currencies
The most used currencies in the world are the US dollar (USD), euro (EUR), British pound (GBP), Japanese yen (JPY) and Chinese yuan (CNY). In Latin America, the Mexican peso (MXN), Brazilian real (BRL) and Argentine peso (ARS) stand out.
4 Use the converter
Select the source and target currency in the currency converter, enter the amount and get the result instantly.
Try it with our free tool
Currency Converter
Use the tool