Foreign currency exchange rates

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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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Get the latest exchange rates


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.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Airwallex
Airwallex
Within minutes
$0
After spending $15k in your first 90 days, receive a one-time $500 bonus that will automatically be credited to your account on any FX conversion.
Airwallex can help you make business payments to 150+ countries in 60+ currencies.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Cash App
Within minutes
From $0
With this peer-to-peer payment app make payments to your friends and family with no transfer fees within the US or from the US to the UK or EU.
Instarem
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Western Union
Within minutes
From $0
Enjoy $0 fee on your first online transfer. Western Union makes money from currency exchange. Not valid on credit cards or sends to Cuba.
Western Union sends money online to friends and family in 200+ countries and territories around the world.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Xe Money Transfer for Business
24 hours
$0
Save your time and money with Xe Money Transfer for business.
Currencies Direct (business)
24 hours
$0
Minimizes costs of international transactions and offers custom solutions for business clients. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
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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:

Frequently asked questions