The mid-market rate (also called the interbank rate or real exchange rate) is the midpoint between the buy and sell prices of two currencies on the global foreign exchange market. It's the rate banks use when trading with each other, and it's what you see on Google, Reuters, and XE. This is the fairest rate — any markup above it is profit for the exchange service.

Banks and exchange services add a markup to the mid-market rate — this is how they make money. This markup typically ranges from 1% to 5%, but airport kiosks and some banks can charge 8% or more. Even services that advertise "no fees" often hide their profit in this rate markup. Our compare tool helps you see exactly how much extra you're paying.

We source our rates from Yahoo Finance, which provides mid-market rates updated throughout the trading day. Rates are cached for 4 hours to ensure fast performance. While these rates are accurate for comparison purposes, actual transaction rates will vary slightly by provider and may change by the time you complete a transfer.

Enter the amount you want to convert and select your currencies. Then, in the "Compare a quoted rate" section, enter the exchange rate offered by your bank, currency exchange, or transfer service. We'll instantly show you the percentage markup and exactly how much money you'd lose compared to the mid-market rate.

We currently support 20 major world currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), Chinese Yuan (CNY), Indian Rupee (INR), Mexican Peso (MXN), Singapore Dollar (SGD), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Swedish Krona (SEK), South Korean Won (KRW), South African Rand (ZAR), Brazilian Real (BRL), Thai Baht (THB), UAE Dirham (AED), and Philippine Peso (PHP).

To get the best rate: (1) Always compare the offered rate to the mid-market rate using our tool. (2) Avoid airport and hotel currency exchanges — they typically have the worst rates. (3) Consider online transfer services like Wise or Revolut, which often offer rates closer to the mid-market rate. (4) Be wary of "no fee" offers — the fee is often hidden in the exchange rate. (5) For large transfers, even a 0.5% difference can save you hundreds of dollars.

Yes, CurrencyConverter.world is completely free. We provide real-time currency conversion and rate comparison tools at no cost. We may earn commissions if you choose to use services we recommend, but this doesn't affect the rates or information we display — we always show you the true mid-market rate.