What is the mid-market rate?
The midpoint between the global buy and sell price — the rate you see on Google or Reuters. No retail provider gives you exactly this; the difference they keep is the spread.
Convert between world currencies with current exchange rates. Supports USD, EUR, GBP, PKR, INR, and 20+ currencies with visual charts.
Converted amount = Amount × Rate(base → quote). Reverse: Amount = Converted ÷ Rate. Effective rate after a spread s% = Rate × (1 − s/100).
Converting 1,000 USD at a EUR/USD mid-market rate of 0.92 gives €920. A bank charging a 3% spread pays you 0.8924 instead, or €892 — €28 lost to the spread on a single transfer.
The midpoint between the global buy and sell price — the rate you see on Google or Reuters. No retail provider gives you exactly this; the difference they keep is the spread.
Airport bureaux typically apply a 7–12% spread plus a fixed fee, versus 0.3–1% for a fintech transfer. On $1,000 that's the difference between losing $10 and losing $100.
The interbank market re-prices continuously during the 24/5 trading week. Consumer apps typically refresh every few minutes; weekend rates are Friday's close plus a wider buffer.
Always choose local currency. Choosing your home currency triggers Dynamic Currency Conversion, where the merchant sets the rate — usually 3–6% worse than your card network's rate.
No — this converter uses the reference rate only. Add your provider's spread and any fixed transfer fee to see the real amount that lands in the recipient's account.