Utilz
Currency Converter
Convert between 30+ currencies with real-time rates
Why Use This Tool?
- Check real-time exchange rates before making international transfers.
- Compare mid-market rates to what your bank offers to spot hidden fees.
- Plan travel budgets by converting between currencies instantly.
Formula
Converted Amount = Source Amount x Exchange Rate. For example, converting 1,000 USD to EUR at a rate of 0.92: Result = 1,000 x 0.92 = 920 EUR.
How to Use
- Enter the amount you want to convert
- Select the source currency
- Select the target currency
- The converted amount appears instantly
FAQ
How often are exchange rates updated?
Exchange rates are fetched in real-time from a public API and reflect the latest available market rates. Rates may have a slight delay compared to live forex markets.
Are the exchange rates accurate for transactions?
The rates shown are mid-market rates for reference. Actual rates from banks or money transfer services may differ due to fees and spreads.
What is the mid-market exchange rate?
The mid-market rate is the midpoint between the buy and sell prices of two currencies. It is the fairest rate but banks typically add a margin on top of it.
Which currencies are supported?
This converter supports 30+ major currencies including USD, EUR, GBP, JPY, KRW, CNY, AUD, CAD, CHF, and more.
Why do banks offer different exchange rates than this tool?
Banks add a margin (spread) to the mid-market rate to cover costs and make profit. The rates shown here are mid-market rates, which are the fairest reference but not what banks actually charge.