Global Forex & Money
Live Currency Converter
Convert between 160+ global currencies with real-time live market exchange rates and accurate conversion tables.
8,350.00
INR
1 USD = 83.50 INR
1 INR = 0.0119 USD
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Real-time mid-market rate
Foreign Exchange Master Guide
How Currency Exchange Rates & Forex Markets Work
A foreign exchange rate (forex rate) is the relative price at which one country's currency can be exchanged for another. The global foreign exchange market is the largest and most liquid financial market in the world, operating 24 hours a day with trillions in daily turnover.
Exchange rates fluctuate dynamically based on inflation differentials, central bank interest rates, trade balances, geopolitical stability, and economic growth indicators.
ISO 4217 Major Currency Codes & Symbols
| Code | Currency Name | Symbol | Issuing Jurisdiction |
|---|---|---|---|
| USD | United States Dollar | $ | United States Federal Reserve |
| INR | Indian Rupee | ₹ | Reserve Bank of India (RBI) |
| EUR | Euro | € | European Central Bank (Eurozone) |
| GBP | British Pound Sterling | £ | Bank of England (United Kingdom) |
| AED | UAE Dirham | د.إ | Central Bank of UAE |
Frequently Asked Questions (FAQs)
What is the mid-market exchange rate?
The mid-market rate (also called interbank rate) is the midpoint between the buy (bid) and sell (ask) rates on global currency markets. It is the fairest real-time rate without bank markup spreads.
Why do banks charge different rates than Google or financial tools?
Commercial banks, airport exchange counters, and credit card providers add a retail foreign currency markup (usually 1.5% to 4.5%) on top of the wholesale interbank rate.
Are currency conversion tools accurate for international wire transfers?
This tool provides real-time mid-market benchmark rates. Actual bank settlement amounts may slightly differ depending on your bank's SWIFT intermediary fees and retail spread.