Kalkulo

Currency converter

Convert an amount between USD, EUR, GBP, CHF, JPY and CAD at an indicative mid-market rate. Bank cards add a 1-3% foreign transaction fee.

Result
92.59 EUR
100 USD (indicative rates)

About this tool

Why use this tool

The currency converter gives an instant estimate of an amount in another currency. It's useful for international travel, cross-border online purchases, wire transfers, remote-work salary comparisons and tracking overseas investments. The Federal Reserve H.10 release publishes daily reference rates, but the rates actually applied by banks and credit cards typically add a 1–3 % foreign transaction fee.

How it works

The tool applies an indicative exchange rate between two currencies: converted amount = amount × rate. Real rates move continuously with FX supply and demand, Federal Reserve policy and geopolitical events. Retail rates diverge from the interbank mid-market rate quoted here.

Real example

$1,000 converted to euros at an EUR/USD rate of 1.08 (so USD/EUR = 0.926) gives €926. Using a typical bank card abroad you'd get closer to €900 after a 3 % foreign transaction fee and a slightly worse rate — about $30 in hidden cost on this trip.

Practical tips

Use a no-foreign-transaction-fee credit card when traveling abroad (Chase Sapphire, Capital One Venture, most premium cards). Withdraw local currency at bank ATMs — avoid airport kiosks. Always decline "Dynamic Currency Conversion" at foreign POS terminals — accept the local currency for the best rate. For large transfers (buying property, tuition, business), compare Wise, OFX and Interactive Brokers vs your bank; savings are typically 2–4 %. For inbound wires, share correct SWIFT/BIC codes to avoid intermediary bank fees ($15–$50). Report foreign accounts on FBAR if aggregate exceeds $10,000.

Disclaimer

The rates shown are indicative mid-market references, not contractual. Your actual rate depends on your provider, transaction type and timing. For a firm quote, request a spot rate from your bank or FX broker registered with FinCEN. This tool is not a money-transmission service.

Frequently asked questions

Why is the rate my bank gives me different from the rate I see online?⌄
The rate you see on financial sites is the interbank or mid-market rate, at which large banks trade with each other. Retail banks and card networks add a margin, or spread, on top of that rate as their profit. US banks commonly add 1-3%, while airport currency booths can add 7% or more, so the mid-market rate is best used as a benchmark rather than an expected price.
What are foreign transaction fees and how do I avoid them?⌄
Many US credit and debit cards charge a foreign transaction fee of about 3% on purchases made abroad or in a foreign currency. Numerous travel rewards cards from Chase, Capital One, and others waive this fee entirely. Using a no-foreign-transaction-fee card and always paying in the local currency is the cheapest way for Americans to spend overseas.
Should I accept dynamic currency conversion when paying abroad?⌄
No. Dynamic currency conversion (DCC) is when a foreign terminal offers to charge you in US dollars instead of the local currency. It sounds convenient, but the merchant's processor sets the exchange rate and typically adds 3-8%. Always choose to be billed in the local currency and let your card network handle the conversion.
What moves the US dollar against other currencies?⌄
The dollar is driven largely by Federal Reserve interest rate policy, US inflation and employment data, Treasury yields, and global risk sentiment. When the Fed raises rates, dollar-denominated assets become more attractive and the dollar typically strengthens. Because the dollar is the world's reserve currency, it also tends to rise during global crises as investors seek safety.
How much cash should I carry when traveling internationally?⌄
Most travelers only need a small amount of local cash — roughly $100-200 equivalent — for taxis, tips, and small vendors, with cards covering the rest. Order foreign currency through your bank or credit union before departure rather than at the airport. Also remember that amounts over $10,000 must be declared to US Customs when entering or leaving the country.

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