Mid-market reference rates, refreshed daily. For indication only — not for settlement. · Rates updated:
The converter below uses reference exchange rates that are refreshed on a daily schedule. It is designed for quick estimates rather than exact settlement.
A mid-market or reference rate sits roughly halfway between the buy and sell prices that banks quote each other. It is the fairest single number to describe what a currency is worth at a point in time, and it is what most public rate tables display.
Retail and commercial banks add a margin on top of the mid-market rate, and card networks add their own spread and fees. That is why the rate you receive in practice is usually a little worse than the reference rate shown here.
In a pair such as USD/CNY, the first currency is the base and the second is the quote. The number tells you how much of the quote currency one unit of the base currency buys. If the number rises, the base currency has strengthened against the quote currency.
Interest rate differentials between countries, inflation outlook, trade balances, capital flows, political stability and central bank policy all influence rates. Currency markets are open around the clock on weekdays but close at weekends, which is why rates appear frozen from Friday evening to Sunday.
Rates are refreshed on a daily schedule. They are suitable for budgeting and comparison, but not for executing a transfer.
No. Banks and money transfer services apply a margin and fees on top of the reference rate. Expect the practical rate to differ.
No. Use the official rate published by your bank, payment provider or tax authority for any financial record.
Brent crude and gold prices are sourced from public market data providers (OilPriceAPI, MetalpriceAPI). China retail fuel prices come from ShowAPI. Rates are collected on a daily schedule and cached on a global edge network.
The prices and rates shown here are reference figures for general information only. They are not exchange settlement prices and must not be used for trading, settlement, accounting or any investment decision. Figures may be delayed and may differ from those quoted by your bank, broker or local retailer.