Currency Converter

This free currency converter turns any amount in one of 30 world currencies into another at the day's European Central Bank reference rate. At the ECB reference rate of July 3, 2026, $100 is about €87.35 (1 USD = 0.87352 EUR) and €100 is about $114.48 going the other way. The tool shows the rate, its inverse, and a conversion table with every result.

Currency exchange is one of the few everyday conversions where the "right answer" moves every day and where the number on your statement is rarely the number a converter shows. This page therefore does two jobs: it converts at a transparent, official reference rate, and it explains - with worked figures - how bank spreads, card fees, and transfer costs turn that reference rate into the amount you actually pay or receive. For fixed unit conversions such as weight or distance, use the Unit Converter instead.

How the conversion works

Every conversion is a single multiplication: the amount times the exchange rate between the two currencies. The converter uses the US dollar as a pivot, so the rate between any two currencies A and B is computed as a cross rate:

For example, at the ECB reference rates of July 3, 2026, one US dollar buys 0.87352 euros and 0.74878 British pounds. The pound-to-euro cross rate is therefore 0.87352 ÷ 0.74878 = 1.1666 EUR per GBP, so £100 converts to about €116.66. The inverse of any rate is 1 divided by it: 1 EUR = 1 ÷ 0.87352 = 1.1448 USD. The converter does all of this automatically for every pair.

A worked example

Suppose a freelancer invoices a German client €2,500 and wants to know the dollar value. At the ECB reference rate of July 3, 2026 (1 EUR = 1.1448 USD), the invoice is worth 2,500 × 1.1448 ≈ $2,861.98. That is the mid-market value. If the payment arrives through a provider whose all-in cost works out to 3% of the amount, roughly $85.86 of that value goes to the conversion, leaving about $2,776 - which is why the fee sections below matter just as much as the rate itself.

How to use this converter

1. Enter the amount you want to convert - decimals are fine.
2. Pick the "From" currency (the money you have) and the "To" currency (the money you want). Any of the 30 currencies can be paired with any other.
3. Read the big result, plus the rate and its inverse underneath it.
4. Check the "Rate used" card - it shows whether the figure is the live ECB reference rate (with its date) or the built-in fallback set from July 3, 2026.
5. Use the swap button (⇄) to flip the direction, and the quick-amount chips (1 to 1,000) to load common values in one tap.
6. Scan the conversion table below the result for 1 to 1,000 units in both directions at the same rate.

There is no button to press - the result updates with every keystroke, and none of the amounts you type leave your browser.

USD to EUR conversion table

The pair most Americans convert is dollars and euros. This quick-reference table uses the ECB reference rate of July 3, 2026 (1 USD = 0.87352 EUR; 1 EUR = 1.1448 USD); the live tool above always shows the current day's figures.

All values at the ECB reference rate of July 3, 2026. Rates change daily - use the live tool above for the current figure.

What $100 buys in other major currencies

For orientation across the most-converted pairs, here is $100 at the ECB reference rates of July 3, 2026, with the value of one unit of each currency in dollars alongside:

ECB reference rates, July 3, 2026. Dedicated pages cover the most-searched pairs, such as EUR to USD, GBP to USD, USD to INR, and USD to CAD.

Mid-market rate vs. what you actually get

The ECB reference rate is a mid-market rate - the midpoint between the buying and selling prices in the wholesale currency market. No consumer transacts exactly at it. Banks, card networks, currency-exchange counters, and transfer services quote a retail rate that sits some percentage away from the mid-market figure (the spread), and many add explicit fees on top. The table below shows what converting $1,000 to euros looks like at the July 3, 2026 mid-market rate ($1,000 = €873.52) under three illustrative all-in cost scenarios - these percentages are examples for comparison, not any provider's actual pricing:

The practical takeaway: on a $1,000 conversion, every percentage point of spread and fees costs you about $10. That is why the smart comparison is never "which provider advertises the best rate" but "how much foreign currency actually arrives for my dollars" - a single number that bundles the rate and every fee together.

Sending money abroad: your disclosure rights

If you send money internationally from the United States through a bank, credit union, or money-transfer company, federal law is on your side. Under the Remittance Transfer Rule, implemented by the Consumer Financial Protection Bureau (CFPB), providers that handle consumer remittances must tell you - before you pay - the exchange rate they will apply, the fees and taxes they collect, and the exact amount of foreign currency the recipient will receive. You generally also get a short cancellation window after paying and defined rights to have errors investigated and corrected.

That pre-payment disclosure is the single most useful comparison tool you have: take the same send amount to two or three providers, read the "amount received" line on each disclosure, and pick the largest number. It automatically accounts for both the rate margin and the fees, which advertised rates alone never do.

Why the reference rate updates once a day

Currency markets trade around the clock, but the ECB euro foreign exchange reference rates are published once per ECB working day, usually around 16:00 CET (10:00 a.m. Eastern), based on a daily coordination between European central banks. They are explicitly published for information purposes - as a neutral daily benchmark - rather than as tradable prices. This converter fetches the latest published set, so:

• On a normal weekday, you see the rate set on the most recent ECB working day.
• On weekends and ECB holidays, the rate stays at the last working day's value until the next publication - the date shown in the "Rate used" card tells you exactly which day's rates you are looking at.
• Intraday market moves after 16:00 CET will not appear until the next day's publication. For everyday conversion, budgeting, and comparison purposes, a once-daily official rate is exactly what you want; for trading, it is the wrong tool by design.

IRS yearly average exchange rates for US tax returns

US taxpayers must report foreign income, and expenses claimed against it, in US dollars. The IRS accepts any posted exchange rate used consistently, and for income received evenly through the year it publishes yearly average exchange rates. The rule is: divide the foreign-currency amount by the yearly average rate to get US dollars. Here are the official IRS yearly averages for the euro (units of EUR per 1 USD), with a EUR 10,000 example converted at each:

These averages come straight from the IRS yearly-average table (see Sources) and exist purely for translating foreign amounts on US returns - they are not current market rates. For a single large transaction, such as selling foreign property, the spot rate on the transaction date is generally the right choice instead of the annual average. If foreign taxes were paid, they are translated the same way when claiming the foreign tax credit.

Travelers: cash, cards, and the "pay in dollars" trap

Abroad, you convert currency three ways: withdrawing local cash at an ATM, paying by card, or exchanging physical cash. Card payments in the local currency usually track the network's wholesale rate closely; the main extra cost is any foreign transaction fee your issuer charges - at an illustrative 3%, a €100 restaurant bill (about $114.48 at the ECB reference rate, July 3, 2026) becomes roughly $117.91. The one habit that reliably saves money: when a foreign terminal offers to charge you in US dollars instead of the local currency (dynamic currency conversion), decline it. That dollar figure embeds a conversion markup chosen by the merchant's processor; a €60 dinner is about $68.69 at the reference rate, but the same dinner run through a DCC conversion 5% off mid-market comes to about $72.12. Airport exchange counters typically carry the widest spreads of all - convert only what you need there.

Online shoppers: pricing a foreign checkout

Buying from a foreign online store, you will either see a price in the foreign currency or a pre-converted dollar price. Use the converter to benchmark: a €79.99 item is about $91.57 at the ECB reference rate of July 3, 2026. If the store's own dollar price is meaningfully higher than the reference conversion, the difference is the store's conversion margin - sometimes it is cheaper to pay in the foreign currency with a card that has no foreign transaction fee. Also budget for the card network setting its rate on the settlement date, one or two days after purchase, so the final statement amount can drift slightly from your estimate. Duties and import taxes, where they apply, come on top of any conversion.

Freelancers and businesses invoicing abroad

If you invoice foreign clients in their currency, the exchange rate enters your books twice: once when you price the work and once when the payment lands. Pricing at the reference rate - a €1,200 project is about $1,373.75 (ECB reference rate, July 3, 2026) - tells you the fair mid-market value, but the deposited amount will be lower by your payment provider's spread and fees, so build that margin into your quote. Invoicing in a foreign currency also creates timing risk: the rate can move between invoice date and payment date. Many freelancers quote in the client's currency but mentally budget in dollars at a few percent below the reference conversion, treating anything better as upside. Come tax time, the IRS section above covers how the year's foreign income translates to dollars on your return.

Key terms explained

• Exchange rate: the price of one currency in another, e.g. 1 USD = 0.87352 EUR (ECB reference rate, July 3, 2026).
• Mid-market (reference) rate: the midpoint of wholesale buy and sell prices - the neutral benchmark this tool shows, not a transactable retail rate.
• Spread: the margin a bank or provider builds into its retail rate versus the mid-market rate; a hidden cost even when "no fees" are advertised.
• Foreign transaction fee: a percentage some card issuers add to purchases processed outside the US, on top of the network's conversion.
• Dynamic currency conversion (DCC): the option to be charged in USD at a foreign terminal, at a markup set by the merchant's processor - almost always worse than paying in local currency.
• Cross rate: the rate between two non-dollar currencies, computed through a common pivot (here, USD).
• Remittance transfer: a consumer money transfer sent abroad from the US, covered by CFPB disclosure and error-resolution rules.

Tips for getting more for your money

• Compare "amount received," never the advertised rate. The remittance disclosure (or a provider's full quote) bundles rate and fees into one comparable number.
• Always pay in the local currency abroad and decline DCC offers at terminals and ATMs.
• Know your card's foreign transaction fee before traveling - it is the single biggest controllable cost of card use abroad.
• Benchmark every quote against the reference rate. The gap between a quote and the mid-market conversion is the true all-in cost.
• Mind the settlement date. Card conversions use the rate when the transaction settles, not when you tap - small drifts are normal.
• Keep records for taxes. Note the rate and date used for foreign income or large transactions; the IRS accepts consistently used posted rates.

Limitations of this tool

The converter is built for orientation, comparison, and planning - not for executing trades. It shows one official reference rate per day, so it will not capture intraday swings, and it deliberately excludes the spreads, fees, and markups that determine your final cost, because those differ by provider and product. Reference rates for the 30 covered currencies come from the ECB set; currencies outside that set (and cryptocurrencies) are not included. Finally, past rates say nothing reliable about future ones - this page makes no forecasts, and neither should any converter.

Related tools

For the most-searched single pairs, the dedicated pages preload the right currencies: Euro to Dollar, GBP to USD, USD to INR, Mexican Peso to USD, and USD to CAD. If your question is really arithmetic - what a 3% fee costs in dollars, say - the Percentage Calculator handles it, and for physical units the Unit Converter covers length, weight, volume, and temperature in one place.

Sources

• European Central Bank - Euro foreign exchange reference rates (published once per working day around 16:00 CET, for information purposes).
• Internal Revenue Service - Yearly average currency exchange rates for translating foreign amounts on US tax returns.
• Consumer Financial Protection Bureau - Your rights when sending money internationally (Remittance Transfer Rule).
• Consumer Financial Protection Bureau - Using credit, debit, and prepaid cards abroad.