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Currency converter and exchange rates

March 28th, 2025
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1 USD = 0.84895 EUR
Mid Market Rate
Using our currency converter

Use our currency converter to get the latest exchange rates. Simply change the currencies in the form above and the exchange rate will update.

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Alternatively, use the graph below to check the exchange rate in the past 7 days, 1 month, or 1 year.

Mid-market Rate
1 
=
1.177925 
USD
Mid-market rate at: 16:18 UTC
EUR/USD Median: 1.177829 Low: 1.172691 High: 1.180526

Exchange rates explained

An exchange rate is the value of one currency when converting it to another currency.

For example, the US dollar-to-pound sterling exchange rate is how many pounds sterling you would get in exchange for one dollar.

A currency exchange is how much one currency is worth in another
A currency exchange is how much one currency is worth in another

For you, this means that when you are sending money abroad, for example from the US to the UK, you are essentially buying pounds with your dollars.

Finding and getting the best exchange rate

Using our MoneyTransfers.com comparison tool is the easiest way to find out how to get the best exchange rates for your money transfer.

We scour the market to find the best deals from the biggest providers, helping you to compare them by the exchange rates offered, transfer fees, transfer times, and more.

To get started, simply fill in the form below and get the best rates for your transfer.

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But to give yourself the biggest chance of getting a favorable rate on your transfer, we would recommend you also:

Check the mid-market rate
Check the mid-market rate

Exchange rates fluctuate by the minute, so if you know you’ll be sending money along a specific route sometime in the future, staying on top of movements can help you time your transfer and get a better rate

Sign up for rate alerts
Sign up for rate alerts

MoneyTransfers.com rate alerts can help you do this, giving you weekly, bi-weekly, or monthly updates for as many currency pairs as you choose

Choose the right provider
Choose the right provider

Ensuring you have the right provider for your transfer needs helps you keep costs low, whether it’s for specific payment or delivery methods or friendlier rates for the amount you want to send

Need to take currency abroad?

  • Best Currency Brokers in 2024
    Before diving deeper into the exchange brokers, here’s a quick overview of who will benefit from using a currency broker.
    Artiom Pucinskij
    Artiom Pucinskij
    April 17th, 2025
  • How to get British Pounds in the USA
    Before you buy your pounds, you should make sure you’re getting the best deal. To save money, consider using cheaper ways to exchange currencies, such as opening a multi-currency account.
    Frank Day
    Frank Day
    April 7th, 2025
  • How to get Mexican pesos in the USA
    Before you transfer your dollars into pesos, you need to understand the different ways you can exchange to make sure you get the best deal. The easiest and cheapest way to purchase and use pesos is by opening a multi-currency account.
    Frank Day
    Frank Day
    April 7th, 2025
  • How to get Japanese Yen in the US
    Before exchanging your dollars for Japanese yen, you should check the different ways you can buy them to make sure you get the best deal. Multi-currency accounts are the cheapest and most convenient way to get Japanese yen and spend them overseas.
    Frank Day
    Frank Day
    April 7th, 2025
  • How to Get Euros in the US
    To find the best place to get euros in the US, you need to understand the various options available to you. Smart travelers who want to save money and time prefer the multi-currency account instead of going to banks or using airport currency exchanges.
    Frank Day
    Frank Day
    April 7th, 2025
  • How to get Canadian Dollars in the US
    Before exchanging your American dollars for Canadian dollars, you should make sure you’re getting the best deal. Exchanging dollars using traditional methods can be costly. But using online multi-currency accounts is easier and cheaper for spending money abroad.
    Frank Day
    Frank Day
    April 7th, 2025

Mid-market exchange rates

The mid-market exchange rate, sometimes known as the interbank rate, is the midpoint between the buying and selling price for each currency involved in the transaction.

It’s essentially the standard exchange rate for the transaction, determined by natural market forces and agreed upon by the world’s major banks.

The mid-market rate fluctuates constantly and settles in naturally in the market.
The mid-market rate fluctuates constantly and settles in naturally in the market.

Some providers such as Wise offer the mid-market exchange rate for their money transfers, and this will likely be the best rate on offer for your transfer.

Other providers may add a small margin to their exchange rates, which lets them make a profit off of the conversion. However, some might publish these openly, for example, XE publicly shows their rates, whereas others will hide it.

To get a good deal, you need to know the current mid-market rate, which you can find in the table below (for EUR/USD pair).

EURUSD Price
1 EUR1.18
5 EUR5.89
10 EUR11.78
25 EUR29.45
50 EUR58.90
100 EUR117.79
USDEUR Price
1 USD0.85
5 USD4.24
10 USD8.49
25 USD21.22
50 USD42.45
100 USD84.89

Currency forecasts

Unsure when is the right time to buy your currency? Use these currency forecasts to get an idea of what is happening on the market.

Exchange rate margin and markup

An exchange rate margin or markup is an extra charge incorporated into the exchange rate given by some money transfer providers.

You’ll be able to notice the difference between the rate provided by your provider and the mid-market rate - the extra they’ve added on is essentially a profit margin.

Money transfer services usually make their profit in two ways;

  • Either by adding an exchange rate margin as described above.

  • Or charging a transfer fee.

Transfer fees are generally more transparent as you’ll see the fee upfront, while exchange rate markups or margins can sometimes hide the additional cost charged by the provider.

Of course, some providers charge both - and it can sometimes vary by payment method, amount you’re sending, the currencies involved, and more.

Just because the provider offers the 'real' rate, it doesn't mean they are the cheapest. Many will apply additional hidden fees when making a transfer.
Just because the provider offers the 'real' rate, it doesn't mean they are the cheapest. Many will apply additional hidden fees when making a transfer.

A bit more on currency conversions

Who decides the exchange rate?
What affects the exchange rate?
How can I follow exchange rates for different currencies?
How do changes in the economy affect exchange rates?
Why do exchange rate fluctuate?
What is the difference between a 'buy' and 'sell' rate in currency exchange?
How do I convert one currency to another?

Help & FAQ

Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.

FAQs

Get better rates with money transfers

If you're converting currencies to transfer money abroad, we suggest you compare top money transfer companies using our comparison system. Fill in the details below to get the latest rates and deals suitable for your needs.

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More currency exchange guides

  • What is the Mid Market Rate?
    In other words, the mid-market exchange rate is the middle point between the price for buying and selling currencies at any given time and is therefore naturally set by the market as it fluctuates.
    April Summers
    April Summers
    August 16th, 2024
  • Forward Exchange Contract
    Forward contracts are made between two parties without the need for another organization (such as an exchange or clearing house) to act as an intermediary.
    Jonathan Merry
    Jonathan Merry
    July 10th, 2024
  • How to Find the Best Exchange Rate
    Finding the best exchange rate for your international money transfer is easier by doing the following:
    Mehdi Punjwani
    Mehdi Punjwani
    March 14th, 2025
  • Foreign Exchange Risks
    When dealing with foreign currencies, business owners often tap into currency forecasts to anticipate potential market fluctuations, but it is no easy task.
    April Summers
    April Summers
    August 16th, 2024

Sources & further reading

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