Live transfer exchange rates for USD currency pairs | finder.com

Foreign exchange currency pairs explained

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Understanding how currency pairs work is crucial if you want to send money or trade in the foreign exchange market.

Buying and selling foreign currency is the basis of the foreign exchange market. In basic terms, forex means buying or selling a currency in exchange for another currency. The two currencies together are called a “currency pair”. By the end of this guide you should have a clear picture of how currency pairs work.

|

What are the most popular currency pairs?

People who trade in currencies refer to the most commonly traded pairs as Majors. These account for around 85% of the foreign exchange market, exhibiting high market liquidity.

Compare USD exchange rates

usa flag money transfers USD exchange rates
USD > AUD USD > BRL USD > CAD
USD > CNY USD > CHF USD > DOP
USD > EUR USD > GBP USD > GTQ
USD > HNL USD > IDR USD > INR
USD > JPY USD > KRW USD > MXN
USD > MYR USD > NGN USD > NZD
USD > PHP USD > PKR USD > UAH
USD > VND USD > ZAR

Compare EUR exchange rates

euro flag money transfers EUR exchange rates
EUR > GBP EUR > INR

Compare GBP exchange rates

united kingdom money transfers GBP exchange rates
GBP > AUD GBP > BRL GBP > CAD
GBP > EUR GBP > INR GBP > NZD
GBP > USD

Compare AUD exchange rates

Australian flag money transfers AUD exchange rates
AUD > BRL AUD > EUR AUD > GBP
AUD > INR AUD > MYR

Compare CAD exchange rates

canada flag money transfers CAD exchange rates
CAD > EUR CAD > GBP
CAD > INR CAD > USD

Compare INR exchange rates

india flag money transfers INR exchange rates
INR > GBP

What is a currency pair?

A currency pair refers to the quotation of the value of one currency in comparison to another. It is common to refer to the currency used as quote currency or counter currency. The currency quoted in relation, represented first in the currency pair, is the base currency or the transaction currency. A currency pair essentially shows how much of the quote currency you need to purchase one unit of the base currency.

Accepted global priorities attributed to different currencies have a bearing on the rules that formulate standard currency pair notations. Since its inception in 1999, the European Central Bank stipulates that the Euro take precedence over others as a base currency. As a result, all currency pairs that include the Euro have to list it first. This is why the EUR/USD currency pair notation denotes the exchange rate between the US dollar and the Euro.

The use of nicknames to refer to popular currency pairs is common. Traders refer to the GBP/USD pairing as cable and to the EUR/USD pairing as Fiber. The EUR/CHF pair takes the nickname ‘Euro-Swissy’ and referring to the USD/CAD pair as ‘the funds’ is also common.

See exchange rates update in real-time

Refreshing in: 60s | Sat, 15 Dec 03:55pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3930 Inverse: 0.7179 1.3384 Inverse: 0.7472 0.884291 Inverse: 1.1309 6.9076 Inverse: 0.1448 0.794345 Inverse: 1.2589 71.964 Inverse: 0.0139 20.2384 Inverse: 0.0494 53.063066 Inverse: 0.0188
1 AUD = 0.7179 Inverse: 1.3930 1.0000 0.9608 Inverse: 1.0408 0.6348 Inverse: 1.5752 4.9590 Inverse: 0.2017 0.5703 Inverse: 1.7536 51.6630 Inverse: 0.0194 14.5292 Inverse: 0.0688 38.0940 Inverse: 0.0263
1 EUR = 1.1309 Inverse: 0.8843 1.5752 Inverse: 0.6348 1.5135 Inverse: 0.6607 1.0000 7.8115 Inverse: 0.1280 0.898285 Inverse: 1.1132 81.380488 Inverse: 0.0123 22.8866 Inverse: 0.0437 60.0064 Inverse: 0.0167
1 GBP = 1.2589 Inverse: 0.7943 1.7536 Inverse: 0.5703 1.6848 Inverse: 0.5935 1.1132 Inverse: 0.8983 8.6960 Inverse: 0.1150 1.0000 90.595396 Inverse: 0.0110 25.4781 Inverse: 0.0392 66.8010 Inverse: 0.0150

Compare international money transfer services

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 20.066 MXN 100,332 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 20.056 MXN 100,281 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days USD 7.00 20.077 MXN
100,242
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 20.036 MXN 100,100 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
1 - 2 days USD 0.00 20.016 MXN 100,079 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details

Compare up to 4 providers

Back to top

How does a currency pair work?

The exchange rate of a currency pair is subject to change at any given time owing to various factors, which include:

  • Cause and effect. Even if you trade only in major currencies, know that cross currency pairs can have an effect on your trading. Imagine that the Federal Government announces a rise in interest rates. In such a scenario, the market would typically start buying the US dollar against major currencies. While pairs such as EUR/USD and GBP/USD would fall in value, the value of pairs such as USD/CHF and USD/JPY would yield better dividends.
  • Appreciation and depreciation. The appreciation or depreciation in the value of any currency has a direct effect on its pairing with other currencies. For example, if you feel the US dollar may depreciate more than the Euro in a given time period, you would stand to benefit by exchanging US dollars for Euros ahead of time. An appreciating currency can lead to cash flow into its country’s assets.
  • Demand and supply. In the international finance market, if there is a surge in the sale of any particular currency it becomes more easily available. However, if there’s not enough demand for the currency its price will fall in order to strike a new supply and demand balance.
  • Imports and exports. A currency’s value can have a direct impact on a country’s economy when it comes to international trade involving imports and exports. A general rule of thumb is that a weak currency is good for exports, but makes imports more expensive. Over time, this can decrease a country’s trade deficit.

What are major, minor and exotic currency pairs?

Back to top

How do I know when is the right time to exchange my currency pair?

Trading in foreign currency requires that you pay attention to multiple factors. When it comes to exchanging currency pairs, here’s what you need to know:

  • Economic factors. A host of economic factors can have an effect of currency pairs in the foreign exchange market. These include a rise or fall in a nation’s GDP, a variation in its cash rate, inflation, property bubbles, and so on.
  • Supply and demand of exports and imports. If there’s an increased demand for exports you can expect the currency to underperform in the near future. On the other hand, an increase in imports is a favorable sign for local currencies.
  • Economic crises. Economic crisis relating to any country or a larger geographical region can have an adverse effect on currency pairs. An example in case is the global financial crisis of 2007 and 2008 that affected various currencies the world over, the US dollar included.
  • Appreciation and depreciation. If you feel the currency you’re holding onto will appreciate in time, it makes sense to hold on to it. The converse holds true as well.

If you’re new to the world of trading in foreign currencies, it’s in your best interest to learn the ropes first. Know that currency pairs are subject to fluctuations, predicting which can be rather difficult. It is also important that you don’t rely overly on online foreign exchange trading software to do the work for you.

|

Exchange rates from USD to other currencies

Frequently asked questions

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Go to site