Currency Converter
Convert with real-time rates (ECB).
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Result
- Won
Currency converter
Convert between currencies using up-to-date rates.
Uses ECB-based rates to convert USD to other major currencies (EUR, JPY, KRW, etc.) and vice versa.
- Enter an amount in USD or another currency to see the equivalent in other currencies.E.g. 1,000 USD converts to EUR, JPY, or KRW at the current rate.
- Exchange rate
- The exchange rate is the price of one currency in terms of another (e.g. how many dollars per euro). It can be quoted as direct or indirect depending on the market.
- ECB (European Central Bank)
- The ECB sets monetary policy for the euro area and publishes daily reference exchange rates.
Why your bank's rate differs from this one
The rate shown here is a mid-market reference rate. The number your bank quotes will be different, and that is by design rather than an error in either figure.
Mid-market rate versus what you pay
The mid-market rate sits halfway between the buying and selling price. It is the reference point markets quote against, but almost nobody transacts at it.
Banks and exchange services add a margin: they sell currency to you above the mid rate and buy it back below. That gap is the spread, which is why converting and immediately converting back leaves you worse off.
Cash, transfers and cards differ
The same currency pair carries different rates for physical cash, wire transfers and card payments. Cash normally has the widest spread because it has to be held, insured and shipped.
Card payments abroad typically apply the card network's rate plus a foreign transaction fee. If a terminal offers to charge you in your home currency instead of the local one — dynamic currency conversion — the rate is usually worse, so choosing the local currency is generally cheaper.
Reading a quote
USD/KRW = 1,350 means one US dollar costs 1,350 Korean won. The first currency is the base; the second is the quote currency it is priced in.
When that number rises, the second currency has weakened. 'The rate went up' and 'the currency got stronger' often point in opposite directions, which is a common source of confusion.
When rates update
This calculator uses European Central Bank reference rates, which are published once per business day and not updated at weekends or on holidays.
The foreign exchange market itself trades around the clock on weekdays. Movements after the daily publication are not reflected here, so for large amounts check a live quote at the time you actually transact.
Cross rates
Pairs that are not quoted directly are derived by routing through a common currency, usually the US dollar. These are called cross rates.
Because two conversions are involved, small rounding differences accumulate. That is why the final digits can vary slightly between providers even when everyone is using the same underlying data.
| Term | Meaning |
|---|---|
| Mid-market rate | Midpoint of buy and sell; the reference figure |
| Spread | Gap between buy and sell prices; the provider's margin |
| Base currency | The first currency in a pair, priced in the second |
| Cross rate | Rate derived by routing through a third currency |
| DCC | Paying in your home currency abroad; usually worse |
Frequently asked questions
- Why is my bank's rate different from this?
- This is the mid-market reference rate. Banks add a spread, selling above it and buying below, which is how they earn on the transaction.
- If USD/KRW rises, is the won stronger?
- No, weaker. A higher number means more won are needed to buy one dollar.
- Should I pay in my home currency when abroad?
- Usually not. Dynamic currency conversion applies a rate set by the merchant's provider and is typically worse than paying in the local currency.
- Why don't rates change at weekends?
- The ECB publishes reference rates only on business days. The market itself trades around the clock on weekdays.
- Why do providers show slightly different numbers?
- Different data sources, different update times, and rounding at different stages — especially for cross rates that route through a third currency.