Question 1

How accurate are the exchange rates shown?

Accepted Answer

Our exchange rates are updated in real-time using multiple reliable financial data sources. The rates shown are mid-market rates, which represent the true exchange rate between currencies. However, please note that banks and money transfer services may offer different rates due to their fees and margins.

Question 2

How often are the exchange rates updated?

Accepted Answer

Exchange rates are updated every minute during market hours for major currency pairs, and every few minutes for less commonly traded currencies. Cryptocurrency rates are updated continuously as crypto markets operate 24/7.

Question 3

Can I convert cryptocurrencies to fiat currencies?

Accepted Answer

Yes, our currency converter supports conversions between cryptocurrencies and traditional fiat currencies. You can convert popular cryptocurrencies like Bitcoin, Ethereum, and others to major currencies like USD, EUR, GBP, and more.

Question 4

Do you charge any fees for using the currency converter?

Accepted Answer

No, our currency converter is completely free to use. We do not charge any fees for conversions or accessing exchange rate information. However, if you use the rates for actual money transfers, your bank or money transfer service may charge their own fees.

Question 5

Which currencies and cryptocurrencies do you support?

Accepted Answer

We support over 180 fiat currencies from around the world and the top 50+ cryptocurrencies by market capitalization. This includes all major currencies like USD, EUR, GBP, JPY, and popular cryptocurrencies like Bitcoin, Ethereum, and Tether.

Question 6

Can I see historical exchange rates?

Accepted Answer

Yes, we provide historical exchange rate data for most currency pairs. You can view rate trends, charts, and historical performance to help you understand currency movements over time.

Question 7

Is this tool suitable for business use?

Accepted Answer

Our currency converter provides accurate reference rates that can be useful for businesses. However, for official business transactions, we recommend consulting with your bank or financial institution for their current exchange rates and any applicable fees.

Question 8

How do you calculate cross-currency rates?

Accepted Answer

For currency pairs that are not directly traded, we calculate cross rates using USD as the base currency. For example, to get EUR to JPY, we use EUR/USD and USD/JPY rates to calculate the cross rate automatically.

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