Read our guide on what you need to know about Xe's Currency Converter tool.
In this article, we’ll cover:
- Can I check live exchange rates with Xe?
- How does the Currency Converter work?
- How to use the Currency Converter
- How do I compare more than one currency at a time?
Can I check live exchange rates with Xe?
Our Currency Converter is quite simply the most popular dedicated online currency tool available anywhere in the world today.
We’ve got more than 25 years’ experience in the industry and provide our customers with live information from the global markets.
Go straight to the Xe website or app and choose the Convert tab to start checking the rates for your chosen currency pairing right now. It’s totally free to use.
Want to know why you should use Xe’s Currency Converter? Here’s some of our key features:
- You can check the rates for more than 170 currencies
- The rates are informed by data straight from the live currency markets, ensuring they’re accurate up to the minute
- You know you’ll be getting the real rate of exchange.
| Please note: We use the mid-market rate on our free information screens, such as the Currency Converter. The mid-market rate is derived from the mid-point between the 'buy' and 'sell' transactional rates from global currency markets. They are not transactional rates. |
How does the Currency Converter work?
It’s quick and easy to check live mid-market rates with Xe. You can use our world-renowned Currency Converter.
It’s free, allows you to check rates for more than 170 currencies and is updated every 60 seconds. So, you know you’re getting accurate information.
The Currency Converter is available on our website or via the Xe app. We’ll talk you through how to use it on each platform.
How to use the Currency Converter
In the app
Users can check live rates in the app as well as on our website. It’s easy to get up-to-the-minute currency information whenever you want it.
Open the app and head to the Help & About screen and select App tour to see a walkthrough of how it works.
Alternatively, follow these simple steps.
- Open the app and choose Convert from the bottom navigation bar.
- Click Add another currency to search for your favourites.
- To remove a currency, simply swipe left and hit delete, or tap one of your existing country flags to replace it with another.
- Tap the three vertical dots and select Pin to top to choose your base currency.
- Click the amount displayed to define how much you want to convert.
- Your rates will automatically be updated across all your chosen currencies.
Ready to make a transfer?
When you’ve seen the live rate for your currency pairing, we’ll provide you with the chance to make a transfer for your selection. Click View Quote to proceed.
Not made your first international transfer yet? Don’t worry, it’s easy, just follow these steps and you’ll be up and running in no time.
| Please note: We use the mid-market rate on our free information screens, such as the Currency Converter. The mid-market rate is derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. They are not transactional rates. |
We recommend using the Xe app to convert and transfer money. Please click one of the links below to download it to your device:
On our website
Hundreds of millions of users head to the Xe website each year to use our Currency Converter. It’s easy to see why.
Follow these simple steps and you’ll be able to check live rates for more than 170 currencies:
- Head to Xe.com.
- Make sure you’re on the Convert tab.
- Choose your From and To currency pairing.
- Enter the Amount you wish to check.
- Click Convert.
- You’ll now be presented with the live rate for that pairing.
Ready to make a transfer?
When you’ve seen the live rate for your currency pairing, we’ll provide you with the chance to make a transfer for your selection.
Not made your first international transfer yet? Don’t worry, it’s easy, just follow these steps and you’ll be up and running in no time.
| Please note: We use the mid-market rate on our free information screens, such as the Currency Converter. The mid-market rate is derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. They are not transactional rates. |
How do I compare multiple rates?
The Xe Currency Converter supports nearly 200 different currencies used throughout the world. So why just compare one?
We understand you may wish to compare several exchange rates at once and we’ll help you get that set up.
In the app
It’s quick and easy to view the live mid-market rate for multiple currencies using the Xe app. Here’s how you do it:
- Open the app and choose Convert from the bottom navigation bar.
- Click Add another currency to search for your favourites.
- Add up to 20 currency pairings using this button.
- To remove a currency, simply swipe left and hit delete, or tap one of your existing country flags to replace it with another.
- Tap the three vertical dots and select Pin to top to choose your base currency.
- Click the amount displayed to define how much you want to convert.
- Your rates will automatically be updated across all your chosen currencies.
On the website
It’s quick and easy to view the live mid-market rate for multiple currencies using the Xe website. Here’s how you do it:
- Head to Xe.com.
- Go to the Convert tab.
- Scroll down to the Xe Live Exchange Rates table.
- Click the Add currency button.
- Search for the currency you want – you can add up to 10.
- Click the currency and add it to the table.
- To remove a currency, scroll to the top and hit the Edit button.
- Press the red button located next to the currency you wish to delete to remove it from the table.
Why can’t I send money using the rate I see on the converter?
You might have noticed the rate you see in the Currency Converter isn’t the same as the one you’ll receive if you send money with us.
There’s a simple reason for this – they are 2 different rates.
The send rate represents the rate of exchange you will receive when sending your money with Xe using our transfer service.
When using our free information services, such as the currency converter, you’ll see the mid-market rate.
The mid-market rate is the mid-point between the rate a currency can be bought or sold at. These rates are not available to customers - not even Xe can buy currency at this rate.
These rates are real time and are updated every 60 seconds during trading hours.
Why do we use the mid-market rate? Our free information services use it because it indicates the value of a currency that’s not weighted towards buying or selling.
Is there a best time of day to check exchange rates?
You might have heard rumours that exchange rates are best in the mornings. The truth is that’s not the case.
No one has found any correlation between exchange rates and time of day.
Exchange rates are impacted by a host of factors, such as inflation, recessions, and national disasters - but the time of day isn’t one of them.
It’s also worth remembering we are dealing with global markets.
Sure, it could be 8am for you, but it could be 5pm in the country you’re planning to transfer money to.
Currency values and exchange rates are affected by global events, not just things happening within your country. The market never sleeps.
The bottom line? There’s no need to wait for a specific time of day to check your rates.