Currency Converter

Where these rates come from

Exchange rates are pulled live from Frankfurter, a free, open-source currency API that republishes official European Central Bank reference rates. The ECB publishes these once per business day (around 16:00 CET), so rates reflect the latest published business-day figure rather than real-time market pricing.

Why these are reference rates, not what you'll actually pay

Reference rates like these are the mid-market rate, not what a bank or exchange service will actually offer you - real-world conversions include a spread, so expect to receive or pay a slightly different amount than this calculator shows. The spread is how banks and exchange services make money on currency conversion, on top of any explicit fee they also charge.

Why rates only update once per business day

Unlike stock prices or cryptocurrency, which trade continuously, the ECB publishes its reference rates on a fixed daily schedule - this means the rate shown here stays the same throughout a given business day and over weekends, rather than fluctuating moment to moment the way a live trading platform's rate would.

Why only around 30 currencies are available

The underlying data source (the ECB) only publishes reference rates for major currencies it tracks as part of its official reporting - less commonly traded currencies simply aren't part of that published set, which is why the currency list here is limited to roughly 30 options rather than covering every currency in the world.

Usein kysytyt kysymykset

Are these real-time rates?

No - they are the official European Central Bank reference rates, published once per business day. They are a reliable benchmark but will differ slightly from live market or bank rates.

Why is my currency not in the list?

The underlying data source (the ECB) only publishes reference rates for about 30 major currencies. Less common currencies are not covered.

Why do I get a different amount when I actually exchange money?

Reference rates are the mid-market rate with no markup. Banks and exchange services add their own spread (and sometimes an explicit fee) on top, which is how real-world conversion rates differ from the reference rate shown here.

Does the rate change throughout the day?

No - it stays fixed at the ECB's published daily figure until the next business day's rates are released, unlike continuously-traded markets such as stocks or cryptocurrency.

What does "cached" mean next to the rate date?

It means the displayed rate was served from a recently stored copy rather than fetched fresh from the data source at that exact moment - the rate itself is still the latest published figure, just retrieved slightly faster.