Our currency converter updates rates every 60 seconds during market hours (Monday-Friday). Rates are sourced from multiple reliable foreign exchange market feeds including:

• European Central Bank (ECB)
• Federal Reserve Bank (USA)
• Reserve Bank of India (RBI)
• Other major financial institutions

Weekend rates may show less frequent updates as most markets are closed.

This tool is completely free and shows mid-market rates without any markup. However, be aware that:

• Banks and money changers typically add 2-5% markup to these rates
• Credit cards often charge 3% foreign transaction fees
• Online payment services may have hidden conversion fees
• ATMs abroad frequently charge both conversion fees and withdrawal fees

Always check the final rate before completing any transaction.

Exchange rates are timestamped in UTC (Coordinated Universal Time), which serves as the global financial standard. Key market hours:

Rates are most volatile when multiple markets overlap (especially London and New York).

Exchange rate variations occur because:

• Financial institutions add their own spread/markup to the interbank rate
• Rates fluctuate constantly (sometimes every second)
• Some sources update less frequently than others
• Forward rates (for future dates) differ from spot rates
• Cash rates differ from electronic transfer rates

Our converter shows the mid-market rate - the midpoint between buy and sell rates in global currency markets.

Yes, our premium version offers historical rate charts with these features:

• View rates for any date range (up to 10 years)
• Compare multiple currencies simultaneously
• Download data as CSV/Excel for analysis
• See highest/lowest/average rates for any period
• Calculate percentage changes between dates

This is particularly useful for businesses managing foreign exchange risk or travelers planning optimal times to exchange money.

Our travel money feature provides estimates based on:

• Current interbank exchange rates
• Typical bank/converter markups (configurable)
• Common commission structures

For precise calculations:

1. Check with your bank for their exact rates
2. Confirm any additional fees
3. Compare with local exchange offices at your destination
4. Consider using no-foreign-fee credit cards when possible

Remember that airport exchange counters typically offer the worst rates.