Select the currencies from the list and enter the amount you want to convert. The exchange rates used by this currency converter are updated frequently and with the highest possible accuracy. However, before making any transactions, always check with your bank to confirm the exact exchange rate. Use this currency converter only if you agree with our terms of service.
How can you check the markup charged when exchanging money?
Every time you travel outside the US, you exchange your dollars for whichever currency you need. In this process, you always lose some money — the person buying your dollars keeps a portion (a commission) and gives you less value in foreign currency. How can you check the markup being charged?
First, you need to know the rate in the global currency market, which you can always check for free at fxrate.io. For example, suppose you want to exchange dollars for euros and the market rate is 0.93 euros per dollar.
Exchange offices typically keep between 3% and 5% of your money as commission. Once you know the market rate, calculate prices within ±5% of that rate. For our example: 0.93 + 5% = 0.977 and 0.93 - 5% = 0.884.
Keep these figures as a guide to the maximum commission on your transaction. The closer you get to the global market rate, the smaller the markup the exchange office earns. In our example, we would never accept less than 0.884 euros per dollar.