Skip to content

Free tool · ECB reference rates

Currency converter

Convert amounts between currencies using the daily euro foreign exchange reference rates published by the European Central Bank. Ideal for estimates, budgeting and checking calculator inputs.

From
To

1,000.00 USD equals 94,640.00 INR

1 USD = 94.64 INR1 INR = 0.010566 USD
Reference rateECB reference rate as of · Source: Frankfurter (ECB)

Reference rates are published once per working day for information only. They are not executable trading quotes — banks, card issuers and brokers apply their own bid/ask prices and fees.

Convert on a past date

Uses the ECB reference rate for that day (available from 4 Jan 1999). Weekends and holidays use the previous working day.

Your recent conversions

Stored only in this browser (last 10). Nothing is sent to our servers.

Conversions you make will appear here.

Converting US Dollar to Indian Rupee.

Popular conversions

Common currency pairs

Latest ECB reference rates for frequently converted pairs. Select one to load it into the converter.

Reference rateAs of Source: Frankfurter (ECB reference rates)

Reference rates vs dealing rates

The rates in this converter are the euro foreign exchange reference rates published by the European Central Bank (ECB) once each working day, at around 16:00 Central European Time. They come from a regular daily concertation between central banks and are designed for information — statistics, accounting, contracts and calculators like ours.

A dealing rate is different: it is the price at which a bank, card issuer, money changer or forex broker will actually buy or sell a currency. Dealers quote a lower bid and a higher ask; the gap is the spread, and retail providers often add a margin or fee on top. Dealing rates also move continuously, while a reference rate is fixed for the day.

So if your bank or travel card gives you a different number, that is expected. Use the reference rate to judge how much margin you are being charged: compare the amount you actually receive with the reference conversion shown here.

How to use the converter

  1. Type the amount you want to convert.
  2. Pick the currency you have and the currency you want — search by code (e.g. INR) or name (e.g. rupee).
  3. Read the converted amount and the rate in both directions. Use the swap button to reverse the conversion.
  4. For a past date, choose it in the historical panel — useful for invoices, expense claims and tax records.

How cross rates are calculated

The ECB quotes every currency against the euro. To convert between two other currencies, such as US dollars to Indian rupees, the converter divides one euro rate by the other (internally we rebase the set to the US dollar, which gives the same result). That is why every pair in our markets dashboard can be derived from one consistent daily data set.

Supported currencies

The converter supports the 30 currencies in the ECB reference set: US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Indian Rupee (INR), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), New Zealand Dollar (NZD), Chinese Yuan Renminbi (CNY), Hong Kong Dollar (HKD), Singapore Dollar (SGD), Swedish Krona (SEK), Norwegian Krone (NOK), Danish Krone (DKK), Polish Zloty (PLN), Czech Koruna (CZK), Hungarian Forint (HUF), Romanian Leu (RON), Icelandic Krona (ISK), Turkish Lira (TRY), South African Rand (ZAR), Mexican Peso (MXN), Brazilian Real (BRL), South Korean Won (KRW), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), Philippine Peso (PHP), Thai Baht (THB), Israeli New Shekel (ILS). Currencies outside this set, such as the UAE dirham or Russian rouble, are not published by the ECB, so we do not show them rather than rely on an unverified source.

How it works

The European Central Bank publishes a set of euro foreign exchange reference rates every working day. Each rate states how many units of a currency one euro buys. This converter fetches those rates through the Frankfurter API, an open service that republishes ECB data, and uses them to convert between any two supported currencies.

Because every rate is quoted against the euro, conversions between two non-euro currencies are calculated as a cross rate.

What a reference rate is (and is not)

The ECB sets its reference rates once a day, around 16:00 CET, based on a regular daily concertation between central banks. They are widely used for accounting, statistics and contracts that need an agreed official rate.

They are not live trading prices. Currency markets trade around the clock on weekdays, and the price you would get from a broker has a bid price and an ask price with a spread between them. A reference rate is a single snapshot, so it can differ noticeably from the market later the same day.

Formula

Euro to another currency:

Amount in currency X = amount in EUR × EUR/X rate

Another currency to euro:

Amount in EUR = amount in currency X ÷ EUR/X rate

Between two non-euro currencies (cross rate):

X → Y rate = EUR/Y rate ÷ EUR/X rate

Worked examples

The rates below are illustrative, not current.

Example 1: EUR to USD

Assume the reference rate is EUR/USD = 1.0850.

500 EUR × 1.0850 = 542.50 USD

Example 2: USD to EUR

Using the same rate, 1,000 USD ÷ 1.0850 = 921.66 EUR (rounded).

Example 3: GBP to JPY via the euro

Assume EUR/GBP = 0.8600 and EUR/JPY = 162.00.

GBP → JPY rate = 162.00 ÷ 0.8600 = 188.37 (rounded)

250 GBP × 188.372 = 47,093.02 JPY (rounded)

Tips

  • Use it for estimates, not execution. For trading decisions, rely on your broker's live quotes.
  • Check the date. The converter shows the latest published business day; on weekends and holidays that will be an earlier date.
  • Feed other tools. Conversion rates are handy inputs for the Pip Calculator and Margin Calculator when your account currency differs from the quote currency.
  • Understand the quote. If you're unsure which currency is which, read Base and quote currency.
  • Expect a markup. Travel money and card payments typically cost more than the reference rate.

Risk note

Exchange rates change constantly, and reference rates may be out of date by the time you use them. This converter is for information and education only. It does not offer quotes, execute transactions or provide financial advice.

Currency converter FAQs

Where do the exchange rates come from?

The converter uses the euro foreign exchange reference rates published by the European Central Bank, retrieved through the Frankfurter API.

How often are the rates updated?

The ECB publishes reference rates once per working day, usually around 16:00 CET. There are no updates on weekends or on TARGET closing days, so the latest available rate is shown.

Can I trade at these rates?

No. Reference rates are for information only. They are not executable quotes, and the bid and ask prices offered by brokers or banks will differ.

Why does my bank give me a different rate?

Banks and card providers add a margin to the market rate and may use a different time of day. Prices also move continuously, while reference rates are a once-a-day snapshot.

How are non-euro pairs calculated?

The ECB quotes each currency against the euro. A rate between two other currencies is derived by dividing one euro rate by the other.

What is the difference between a reference rate and a dealing rate?

A reference rate is a single published snapshot used for information, statistics and accounting; nobody is obliged to trade at it. A dealing rate is the bid or ask price a bank, broker or money changer will actually transact at, and it includes their spread and sometimes fees.

Can I convert using a past date?

Yes. Choose a date in the 'Convert on a past date' panel. ECB reference rates are available from 4 January 1999; for weekends and TARGET holidays the previous working day's rate is used and clearly labelled.

Is my conversion history stored?

Your last 10 conversions are saved only in your own browser's local storage so you can revisit them. They are not sent to FXPIPS ONLINE, and you can clear them at any time.