Live mid-market rates for 140+ currencies. Searchable dropdown with real country flags. Free, no signup, instant conversion, one-click to invoice.
Last updated: May 10, 2026
This is a free real-time currency converter for invoices. It pulls live mid-market rates from open.er-api.com (166 currencies, hourly updates) with frankfurter.dev European Central Bank rates as fallback. No signup, no API key, no rate limits. Convert any amount across 140+ currencies in under a second, then push the result straight into the free invoice generator.
A currency converter is a tool that converts an amount from one currency into another using a published exchange rate. Sounds simple. Here is the catch most people miss.
The rate you see on Google, Wise, or this page is the mid-market rate. The rate your bank or PayPal actually gives you when you receive money is different. Sometimes by 4%. On a $10,000 invoice that is $400 you never see, taken silently as a "spread."
So the same converter exists for two reasons. First, to give you the real benchmark (mid-market). Second, to help you spot how much your bank is skimming.
The midpoint between the buy price and sell price for a currency on global FX markets, calculated continuously by interbank trading systems. It is the rate Reuters, Bloomberg, and central banks reference. No retail consumer ever gets exactly this rate, but it is the honest baseline. The European Central Bank publishes daily reference rates around 14:15 CET (ECB euro reference rates).
The markup a bank or payment provider adds on top of the mid-market rate. PayPal currently applies 3 to 4%. Most banks: 2 to 4%. Wise and Revolut: 0.4 to 1%. The spread is how the provider profits on currency conversion, separate from any flat fee they charge.
Sample mid-market rates against USD pulled live each session. These are indicative; the converter above always shows current rates. Last ECB fix referenced in this page: May 9, 2026.
| Currency | Code | Rate vs USD | 30-Day Change |
|---|---|---|---|
| Euro | EUR | 0.9201 | +0.4% |
| British Pound | GBP | 0.7912 | +0.2% |
| Japanese Yen | JPY | 148.32 | +1.1% |
| Australian Dollar | AUD | 1.4985 | -0.6% |
| Canadian Dollar | CAD | 1.3623 | -0.3% |
| Swiss Franc | CHF | 0.8814 | +0.7% |
| Indian Rupee | INR | 83.18 | +0.5% |
| Chinese Yuan | CNY | 7.183 | -0.1% |
| Singapore Dollar | SGD | 1.3398 | -0.2% |
| UAE Dirham | AED | 3.6720 | 0.0% (pegged) |
| Saudi Riyal | SAR | 3.7510 | 0.0% (pegged) |
| Brazilian Real | BRL | 5.087 | +1.8% |
| Mexican Peso | MXN | 17.04 | -0.4% |
| South African Rand | ZAR | 18.51 | +0.9% |
| Turkish Lira | TRY | 32.18 | +2.3% |
Sources: ECB, IMF SDR rates, open.er-api.com aggregated feed.
The most useful comparison: how much of a $10,000 USD-to-EUR conversion you actually keep, by provider.
| Provider | Rate Markup | Flat Fee | You Receive | Lost to Spread |
|---|---|---|---|---|
| Mid-market (this tool) | 0% | $0 | €9,201 | $0 |
| Wise | 0.4 to 0.6% | $4 to $7 | €9,150 to €9,165 | $36 to $51 |
| Revolut Business | 0.5 to 1% | $0 | €9,109 to €9,155 | $46 to $92 |
| Bank wire (US/EU major) | 2 to 4% | $25 to $50 | €8,800 to €9,000 | $201 to $401 |
| PayPal | 3 to 4% | ~3% on receipt | €8,500 to €8,750 | $451 to $701 |
| Credit card | 1 to 3% | $0 to 3% | €8,925 to €9,109 | $92 to $276 |
If you receive international invoices regularly, switching from PayPal to Wise saves the equivalent of one extra invoice per year. Full payment platform breakdown.
Real-world workflow when you have an invoice in one currency and need it in another.
The FX market shifted hard in 2025-2026 due to central bank digital currencies, BRICS expansion, and stablecoin adoption. Quick read on what affects your invoices.
15 central banks have launched live CBDCs as of May 2026, including China (e-CNY, 420 million users, 7% of retail payments), the Bahamas (Sand Dollar), and Nigeria (eNaira). The European Central Bank has confirmed digital euro pilot rollout for Q4 2026, with full deployment targeted 2027 to 2028 (ECB digital euro). The Bank for International Settlements reports 87% of central banks are now actively trialing or piloting CBDCs (BIS CBDC research).
What this means for invoicing: cross-border CBDC settlements may eventually bypass the traditional FX spread system. For now, invoice in fiat as usual.
The IMF Currency Composition of Official Foreign Exchange Reserves (COFER) data for Q1 2026 shows USD share of global reserves at 58.2%, down from 71% in 2015 but stable over the last 24 months. The Euro holds at 19.7%, Yuan at 2.9% (up from 1.1% in 2015). Source: IMF COFER.
Russia and China now settle 92% of bilateral trade in non-USD currencies (mostly CNY and RUB), up from 28% in 2022. BRICS expanded to BRICS+ in 2024 (added Iran, UAE, Egypt, Ethiopia) but no unified currency exists yet despite headlines.
Stablecoins (USDT, USDC, USDE, EURC) crossed $250B market cap in early 2026 per Chainalysis. Cross-border B2B settlements in stablecoins grew 320% year-over-year. Some freelancers now invoice in USDC for international clients to bypass FX spreads entirely. Tax treatment varies: most countries treat stablecoin income as ordinary income converted at receipt date.
Several currencies are pegged to the USD with near-zero spread risk: AED (3.6725), SAR (3.75), HKD (within 7.75 to 7.85 band), QAR (3.64). Useful for businesses operating in multiple Gulf or Asia markets.
| Pair | Typical Use | 2026 Volatility |
|---|---|---|
| USD → EUR | US client paying European freelancer | Low (1.5% range) |
| USD → GBP | US client paying UK freelancer | Low (1.8% range) |
| USD → INR | US client paying Indian freelancer | Low (managed peg) |
| USD → CAD | US client paying Canadian freelancer | Low (1% range) |
| EUR → GBP | European client paying UK freelancer | Low (1.5% range) |
| USD → AUD | US client paying Australian freelancer | Medium (3% range) |
| USD → BRL | US client paying Brazilian freelancer | High (8% range) |
| USD → TRY | US client paying Turkish freelancer | Very High (15%+ range) |
| USD → ZAR | US client paying South African freelancer | High (6% range) |
For high-volatility pairs, consider locking the rate in your contract, invoicing in USD/EUR (and converting yourself), or using stablecoin payment.
Most tax authorities require reporting in your home currency, even when the invoice is in foreign currency. Each country specifies which exchange rate to use.
Australia (ATO): Convert at exchange rate on the date of supply or date of payment, depending on accounting method. Use Reserve Bank of Australia daily rates or commercial bank rates. Consistency matters more than which source.
UK (HMRC): Use the spot rate at the time of supply, or HMRC monthly average exchange rates published quarterly (HMRC exchange rates).
US (IRS): Convert at the rate on the date received (cash basis) or date earned (accrual basis). The IRS publishes annual average rates (IRS yearly average rates).
Canada (CRA): Use Bank of Canada rates on the transaction date.
EU member states: Vary, but ECB rates are widely accepted. France and Germany specifically reference daily ECB fixing.
Three approaches, ranked by FX risk to you.
Approach 1 (lowest risk): Quote in your home currency. Add a clause: "Invoice denominated in USD. FX risk borne by client." The client converts at their bank rate. You always know what you receive.
Approach 2 (medium risk): Quote in client currency, lock the rate. Add: "FX rate fixed at 1 USD = 0.92 EUR for the duration of this contract, valid until [date]." Protects both parties from market swings.
Approach 3 (highest risk): Quote in client currency, no lock. You bear FX risk. If rates move 5% against you between quote and payment, you absorb the loss. Only do this for short payment cycles (Net 7 to Net 14).
Read more: how to invoice international clients.
Choosing the right payment platform saves real money on every international invoice.
Full breakdown with real $1,000 invoice cost analysis: PayPal vs Stripe vs Wise comparison.
If you need official rates for tax filings, audits, or large contracts, use the source your tax authority recognises.
The free invoice generator supports 150+ currencies with proper symbols (USD $, EUR €, GBP £, JPY ¥, INR ₹, AED د.إ, etc) and decimal conventions for each region. After converting above, click "Use in Invoice" to jump straight into the generator with your converted amount and currency pre-filled.
Using this converter for academic, research, or audit purposes? Use one of these citation formats.
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<iframe src="https://freeinvoicepdf.org/currency-converter/?embed=1"
width="100%" height="700" frameborder="0"
style="border:1px solid #e4e4e7;border-radius:14px;max-width:680px"
title="Free Currency Converter"
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