Currency converter using live mid-market exchange rates

Rates are USD-based mid-market quotes from a public feed, refreshed when the page loads. Cross rates are worked out through USD, so EUR/NGN equals USD/NGN divided by USD/EUR. Brokers and payment providers add their own spread on top of these figures, and you will never get exactly this rate yourself.

The feed updates daily, so very short-term moves will not show here. For live dealing prices, trust your trading platform. This figure is for planning, for comparing routes, and for checking what a deposit or withdrawal really cost you after all the charges were taken.

Treat it as your yardstick for every transfer.

Note the local amount you paid and the dollars credited. If you paid the local equivalent of USD 103 for USD 100 credited, your conversion cost was 3%. That single number tells you more about a payment route than its advertised fee, and many routes hide their charge inside the rate.

Check again on the way out. A 3% gap in and 3% out means your trading must earn over 6% to break even. On a 0.01 lot trade with a 1.1-pip spread costing USD 0.11, that same USD 6 equals more than 50 trades. See your options in our Nigeria and Ghana guides.

Some African currencies have an official rate and a street rate, and the two can drift apart. This feed shows a single reference figure, so your bank or a peer-to-peer route can sit some way from it. Exchange control rules also apply in some countries, such as South Africa's R2 million discretionary allowance.

Read your country's rules before moving money abroad to a broker. Our South Africa guide covers those allowances, and the forex broker comparison shows who publishes which deposit methods. Use the pip calculator to turn a rate into a trading cost.

That gap can reach several percent on some currencies.