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TabBench

Currency Converter

Convert dollar to rupee, rupee to dollar, and between 160+ world currencies at live mid-market exchange rates.

Fetches live exchange rates. The amounts you type are never sent.

What the Currency Converter does

Exchange rates move constantly, and the number you see quoted in the news is almost never the number you get. This converter uses the mid-market rate — the midpoint between what buyers and sellers are trading at, and the rate banks quote each other. It is the honest benchmark to plan against, but be clear that it is not what your bank will give you: retail providers add a margin on top, which is where most of their money on a transfer is made.

How to convert currency

  1. Enter the amount you want to convert.
  2. Pick the currency you are converting from, then the one you want it in. USD to INR is the default.
  3. Read the converted figure, along with the rate in both directions underneath.
  4. Use the swap button to reverse the pair, or a popular-pair button to jump straight to a common conversion.

Fetches live exchange rates. The amounts you type are never sent.

When to use it

Checking what a transfer should cost

Comparing your provider's quoted rate against the mid-market rate shows their margin immediately. On a large transfer, a 3% spread is often far more than the advertised 'zero fee' saved you.

Pricing international invoices

Freelancers and exporters billing in dollars need to know what a figure lands as in rupees. Because the rate moves between invoicing and payment, quoting from the current mid-market rate with a small buffer is the usual approach.

Budgeting for travel or online purchases

Card networks convert at close to mid-market and then add their own fee, so the mid-market figure is a reasonable floor for what a foreign purchase will cost you.

Good to know

  • The mid-market rate is a benchmark, not an offer. Nobody sells you currency at it.
  • A provider advertising 'no fees' usually recovers the cost in a wider spread. Compare the total amount received, not the fee.
  • Rates from these providers update roughly daily, so this is right for planning and estimating rather than for timing a trade.
  • Airport and hotel exchange desks are consistently the worst rates available — often 8-12% off mid-market.

Frequently asked questions

Why is my bank's rate worse than this?

This shows the mid-market rate. Banks and cards add a margin of roughly 1-4%, plus any fixed transfer fee.

Why does my bank give me a worse rate than this?

Because this is the mid-market rate — the midpoint of the interbank market — and no retail provider sells at it. Banks and card networks add a margin, typically 1-4% for a bank transfer and 0.5-2% for a card, sometimes alongside a fixed fee. A rate 3% below mid-market on a transfer of 100,000 rupees costs you 3,000 rupees, which is usually far more than any headline fee.

How often are these rates updated?

The providers refresh roughly once a day, and the exact timestamp is shown beneath the result. That is appropriate for budgeting, invoicing, and comparing offers. It is not a live trading feed, so do not use it to time a transaction to the minute.

Does this tool work offline like the others?

No, and it is the only one here that does not. A converter has to ask somebody what today's rate is, so it makes a request to an exchange-rate provider. That request contains no personal data — it just fetches the public rate table — but it does mean the tool needs a working connection, unlike the PDF and image tools.

How many currencies are supported?

More than 160, covering every widely traded currency. The most searched ones are grouped at the top of each picker, with the full list underneath.

What is the difference between the mid-market and the buy/sell rate?

Currency trades with two prices: a bid (what buyers will pay) and an ask (what sellers want). The mid-market rate sits exactly between them. Providers quote you a rate on the unfavourable side of that midpoint, and the gap is their spread.

Can I use these figures for accounting or tax?

Check first. Tax authorities usually specify which rate to use — often a central bank reference rate on a particular date, or an annual average. The mid-market rate here may not match the one your jurisdiction requires, so confirm with your accountant before filing.

Popular currency conversions

Each pair has its own page with the live rate and context on that corridor.

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