Currency Converter

Exchange rates are typically updated in real-time or at regular intervals throughout the day, depending on the financial markets. Major currency pairs are usually updated every few minutes during market hours.

Currency exchange rates are influenced by various factors including interest rates, inflation, political stability, economic performance, and market speculation. Central bank policies and global economic events also play significant roles.

The buying rate is the rate at which a bank or currency exchange will buy foreign currency from you, while the selling rate is the rate at which they will sell foreign currency to you. The difference between these rates is called the spread.

To get the best exchange rate, compare rates from different banks and currency exchange services, consider using online currency converters for better rates, and be aware of any fees or commissions that may be charged.

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first currency in the pair is called the base currency, and the second is called the quote currency.