Question 1

Why do exchange rates change?

Accepted Answer

Exchange rates fluctuate based on supply and demand in foreign currency markets, interest rates, inflation, and economic conditions. Rates change constantly throughout trading hours.

Question 2

How often are the exchange rates updated?

Accepted Answer

Our currency converter fetches real-time exchange rates from a reliable API, ensuring you always get the most current rates available. Rates are cached for up to 1 hour to optimize performance.

Question 3

Are these the same rates banks use?

Accepted Answer

Banks may use slightly different rates due to their own markup and fees. Our rates reflect the mid-market rate, which is the true exchange rate between currencies.

Question 4

What currencies are supported?

Accepted Answer

We support 10 major world currencies including USD, EUR, GBP, JPY, AUD, CAD, CHF, CNY, INR, and MXN. These cover most international transactions.

Question 5

Can I use this for business transactions?

Accepted Answer

While our converter provides accurate rates, we recommend confirming with your bank before conducting large transactions, as they may apply different rates or fees.

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