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Foreign currency exchange rates

Get live and historical exchange rates from USD to all global currencies.

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An exchange rate is the value of one currency exchanged for another. Using our live exchange rates from USD to all global currencies, you can calculate how much your money would be worth and use historical data from the last 10 years to forecast trends. Find out if you’re getting the best deal and pick the best time to transfer with the strongest exchange rates.

How are exchange rates calculated?

Exchange rates, also known as foreign exchange rates, are calculated based on the currency values of the two currencies being exchanged. Let’s look at the US dollar and Australian dollar currency pair exchange rate as of 24 November 2021:

  • If 1 USD = 1.38 AUD, you can buy 1.38 Australian dollars for every 1 US dollar
  • If 1 AUD = 0.72 USD, you can buy 0.72 US dollars for every 1 AU dollar

In this example, you would be able to buy AUD$138 with $100 US dollars. However, keep in mind that exchange rates change frequently. Plus, because banks and money transfer providers need to make money, they often offer weaker rates compared to the rate seen on the news.

This is due to the fact that the exchange rate you see on the evening news is the ‘interbank rate’, or the mid-market rate. This is a rate used between banks when they buy and sell currency among themselves. The rate you receive will have a margin built into it, or other fees, which makes it less competitive than the mid-market rate. Therefore it’s best to compare rates thoroughly before carrying out an exchange to get the best exchange rate.

Staying on top of trends can save you money when it comes to foreign currency exchange. Today $1 is worth…
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Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you’re ready to send.

1 - 15 of 15
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

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Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

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XE has fast transfers with low fees and a range of foreign currency tools.
CurrencyFair
24 hours
€3

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CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Dunbridge Financial
24 hours
$0

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Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
WorldRemit
Within an hour
From $1.99
SPECIAL OFFER ✓ Use the code ‘4FREEFINDER’ to get 4 free transfers if you are a first time user. Eligible countries only.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

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Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Revolut
Revolut
Within minutes
$0

View details
Revolut offers 10 zero-fee international transfers a month, amazing exchange rates, and transfers within 30 minutes.
Instarem
Within an hour
$1

View details
Instarem offers zero transfer fees on all transfers.
OFX International Money Transfers (Business)
24 hours
$0

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Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0

View details
Increase business efficiency with zero transaction fees and same-day transfers.
PayPal
Within minutes
From $0

View details
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number.
XE Money Transfer for Business
Within minutes
$3

View details
Save your time and money with XE Money Transfer for business.
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Compare up to 4 providers

Why do exchange rates matter?

Exchange rates change frequently. There is no guarantee that a rate you see today will be there tomorrow, or even in the next hour. Fluctuating exchange rates can affect a range of stakeholders:

  • Travelers. When you travel overseas, you may have less or more money to spend depending on the strengths or weaknesses of the currencies you’re trading.
  • Locals. If your country has a strong foreign currency, you may see some imported items become cheaper while other items become more expensive.
  • Importers. If you import goods into your country, you may pay more or less — depending on how the rates have fluctuated — for the same goods.
  • Exporters. If you sell goods to other countries, you may pay more or less for the same goods.
  • Investors. Many trade in foreign currencies, so a drop in the value of a currency they’re trading will mean losses, while a gain will see profits.

Knowing the value of your currency in relation to foreign currencies will help you understand your purchasing power or analyze your investments.

For example, if you are planning on traveling, knowing the exchange rate shows you your purchasing power so you know in advance what you can purchase with a certain amount of money. Or if you regularly send money overseas – for example, to your family – you’ll want to know what the exchange rate is so you know how much money is actually reaching your destination.

What influences exchange rates?

Exchange rates are important factors of a country’s economic performance. This is because countries depend on foreign trade with other countries across the world to sustain their economy.

Aside from demand and supply being major factors of exchange rates, there are a number of underlying factors which also have an impact:

  • Interest rates. Interest rates set by the country’s central bank will affect the currency value of that country. If the bank has set higher interest rates, then lenders will see higher returns – which tends to attract foreign investors.
  • Terms of trade. The terms of trade of a country are determined by the balance between exports and imports. If a country’s exports are in high demand, then that country will receive more revenue from its exports. This in turn leads to its currency being in high demand and therefore increasing in value.
  • Inflation. A country with lower rates of inflation will have a higher currency value because its purchasing power increases in comparison with other countries.
  • Political climate. Investors typically look for countries with a stable political climate so their capital is safely invested. Generally, countries with a stable political environment will have a strong economic performance and will attract more investors.
  • Public debt. A country with high public debt is likely to look to measures such as printing money in order to reduce the debt. When this happens, the currency value of that particular country will be reduced and this will lower its exchange rate.

Exchange rates from USD to other currencies

Take a look at the live exchange rates from USD to your chosen currency:

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2 Responses

  1. Default Gravatar
    RonelSeptember 21, 2018

    I am a South African, currently on holiday in Mauritius. I need to get more cash to spend from my South African bank account. What is the best way?

    • Avatarfinder Customer Care
      johnbasanesSeptember 21, 2018Staff

      Hi Ronel,

      Thank you for leaving a question.

      If your bank account has a debit card included with a Visa or a Mastercard logo, you may be able to withdraw your funds through an ATM with a Visa or a Mastercard logo. Please note that there may be an ATM withdrawal fee when you do this. For you to know how much the fee is, you may need to contact your bank directly. Hope this helps!

      Cheers,
      Reggie

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