Convert any invoice amount between 20+ currencies with indicative mid-market rates as of May 2026. USD, EUR, GBP, AUD, CAD, JPY, INR and more.
Last updated: May 10, 2026
Need to convert one currency to another for an invoice? Use the calculator above. Indicative mid-market rates as of May 2026. For actual payment, the rate your bank or processor uses will be slightly different (usually with a 1 to 4% spread).
Heads up: These are mid-market rates for reference only. Actual rates banks and PayPal/Stripe charge include a markup. For real money transfers, compare Wise, Revolut, OFX, or your bank. Read our payment platform comparison.
Three common scenarios.
1. Quoting in client's currency. Your US client expects USD. You're in the UK. Quote in USD using current rates, then convert back to GBP for your records.
2. Reconciling payments. You invoiced €1,000. Client paid €1,000 EUR which arrived as $1,083 in your USD account after conversion. Need to verify the math.
3. Tax reporting. Your country wants tax filings in your local currency. Convert all foreign-denominated invoices to your home currency at the right exchange rate.
Three different rates. Big difference.
| Rate Type | What It Is | Typical Markup |
|---|---|---|
| Mid-market | The "real" rate, midpoint of buy/sell on currency exchanges | 0% (this is the reference) |
| Wise/Revolut | Mid-market plus small fee | 0.4 to 1% |
| Major bank | Mid-market plus FX spread | 2 to 4% |
| PayPal | Mid-market plus 3 to 4% spread | 3 to 4% |
| Credit card | Mid-market plus 1 to 3% spread | 1 to 3% |
If you're moving large amounts internationally, even a 1% difference matters. Wise and Revolut are typically cheapest for freelancers receiving international payments.
If you're a freelancer, you'll likely deal with these pairs frequently.
Most tax authorities require you to report in your home currency. Here's how to handle it.
Australia (ATO): Convert at exchange rate on the date of supply (or date of payment, depending on accounting method). Use RBA daily rates or commercial bank rates.
UK (HMRC): Use the spot rate at the time of the supply, or HMRC monthly average rates (published quarterly).
US (IRS): Convert using the exchange rate on the date received (cash basis) or date earned (accrual basis). IRS publishes annual average rates.
Canada (CRA): Use Bank of Canada rates on the transaction date.
EU: Member states vary, but ECB rates are widely accepted.
Two approaches.
Approach 1: Quote in client's currency, convert for records. Easier for the client, but you bear the FX risk. If rates move against you between quote and payment, you lose.
Approach 2: Quote in your currency, with conversion note. Add "Approximately $1,200 USD at today's rate" alongside your invoice in EUR. Protects you, slightly more friction for client.
For long projects, lock the rate in your contract. "Invoiced amount in USD, with FX rate fixed on contract signing" prevents disputes.
For freelancers receiving international payments, the best options:
Full breakdown: PayPal vs Stripe vs Wise comparison.
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