Understanding exchange rates is crucial when dealing with foreign currencies. Whether you’re planning a trip, managing international business, or simply curious about global economics, knowing the value of your money in different currencies is essential. Our currency converter provides you with up-to-date exchange rates, allowing you to effortlessly convert EUR (Euro) and USD (United States Dollar) to a wide range of global currencies. We utilize cross rates to ensure accuracy, giving you reliable conversions for EUR and USD against any other currency. Currency codes are standardized according to ISO 4217:2015, represented by a three-letter alphabetic code for easy identification.
International money transfers through traditional banks can often lead to unexpected costs. Banks typically add hidden fees within unfavorable exchange rates, making international transactions more expensive than they need to be. For a cost-effective solution, consider Wise (formerly TransferWise). Often, Wise offers significantly lower fees for international transfers. For instance, transferring 1000 EUR to USD might cost you as little as 4 EUR with Wise, whereas a bank could charge around 28 EUR for the same transaction.
Understanding Cross Currency Rates for EUR, USD, and GBP
Cross Currency Rates are vital when you need to exchange between two currencies that are not the domestic currency of the quoting market. In essence, outside of their home regions, any exchange rate between two currencies is considered a cross rate. For example, when in the United States, any currency rate that doesn’t involve the U.S. Dollar is a cross rate. This is particularly relevant when converting Euro to GBP or vice versa.
| EUR | USD | GBP | CHF | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| EUR | 1 | 1.0411 | 0.8261 | 0.9394 | 1.5019 | 1.6741 |
| USD | 0.9605 | 1 | 0.7935 | 0.9023 | 1.4426 | 1.6080 |
| GBP | 1.2105 | 1.2603 | 1 | 1.1372 | 1.8181 | 2.0266 |
| CHF | 1.0645 | 1.1083 | 0.8794 | 1 | 1.5988 | 1.7821 |
| CAD | 0.6658 | 0.6932 | 0.5500 | 0.6255 | 1 | 1.1147 |
| AUD | 0.5973 | 0.6219 | 0.4934 | 0.5611 | 0.8971 | 1 |
| JPY | 0.0064 | 0.0066 | 0.0053 | 0.0060 | 0.0096 | 0.0107 |
This currency converter updates its rates daily, ensuring you receive the most current information. For automated currency conversion, explore our currency converter API which supports over 150 currencies and provides live updates for integration into your systems.
*Data is sourced from central bank information, updated every day between 2:15 p.m. and 3:00 p.m. CET.
