KalkWise
Economics

Currency Converter

Select your currencies and enter an amount to convert between major world currencies instantly.

Updated June 2026 · Editorial standards

Currency Conversion

Converted (EUR)
920
Exchange Rate
1 USD = 0.92000 EUR
Inverse Rate
1 EUR = 1.08696 USD

1,000 USD = 920 EUR at a rate of 0.92000.These are reference rates as of mid-2026. Live rates change constantly. Banks and exchange services add a 1–5% spread above mid-market rates. Use Wise or Revolut for rates close to mid-market.

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the currency converter — convert between major currencies?

In short

Currency conversion multiplies the amount by the exchange rate between two currencies. Exchange rates fluctuate continuously based on economic conditions, interest rates, and market sentiment. As of mid-2026, key rates are approximately: 1 USD = 0.92 EUR, 0.79 GBP, 149 JPY, 1.36 CAD.

Converts an amount between major world currencies using reference exchange rates (rates relative to USD).

How to use this calculator

  1. 1Enter the amount you want to convert.
  2. 2Select or enter the from-currency's exchange rate relative to USD.
  3. 3Select or enter the to-currency's exchange rate relative to USD.
  4. 4The calculator shows the converted amount and exchange rate.

The formula

converted=amount×to ratefrom rate
Exchange Rate = R₂ ÷ R₁; Converted Amount = A × (R₂ ÷ R₁)
A
— Amount in source currency
R₁
— Source currency rate vs USD
R₂
— Target currency rate vs USD

Worked example

The scenario

Convert $1,000 USD to EUR with USD rate = 1.0, EUR rate = 0.92.

gives

The result

Exchange rate = 0.92. Converted amount = €920.00.

Common use cases

  • Travel budgeting and expense planning.
  • International business invoicing.
  • Comparing prices across countries.
  • Monitoring exchange rate impacts on investments.

Limitations & assumptions

  • Uses static reference rates — live rates change every second during market hours.
  • Doesn't include bank spreads, transaction fees, or foreign transaction fees (typically 1–3%).
  • ATM withdrawal rates and credit card rates may differ from mid-market rates.
  • Some currencies have official and unofficial exchange rates.

Frequently asked questions

The mid-market rate (also called the interbank rate) is the midpoint between buy and sell rates in the global currency markets. It's the 'true' exchange rate. Banks and exchange services add a markup (spread) of 1–5% above this rate.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.