Live Forex & Currency Exchange Rates
Real-time foreign exchange rates for major currency pairs including EUR/USD, GBP/USD, USD/JPY, and more. Track live forex rates updated every 5 minutes.
Last updated: Jan 13, 2026, 6:16 AM
Major Currency Pairs
The world's most traded currency pair
1 USD = 0.9200 EUR
Known as "Cable" in forex markets
1 USD = 0.7900 GBP
Major Asian currency pair
1 JPY = 0.01 USD
Safe haven currency pair
1 CHF = 1.1364 USD
Commodity-linked currency
1 USD = 1.5200 AUD
North American pair
1 CAD = 0.7353 USD
Pacific region currency
1 USD = 1.6400 NZD
Major European cross
1 GBP = 1.1646 EUR
USD Exchange Rates
| Currency | Code | 1 USD = | 1 Unit = USD |
|---|---|---|---|
🇸🇪Swedish Krona | SEK | 10.8500 | 0.0922 |
🇳🇴Norwegian Krone | NOK | 10.6700 | 0.0937 |
🇩🇰Danish Krone | DKK | 6.8700 | 0.1456 |
🇸🇬Singapore Dollar | SGD | 1.3400 | 0.7463 |
🇭🇰Hong Kong Dollar | HKD | 7.8200 | 0.1279 |
🇨🇳Chinese Yuan | CNY | 7.2600 | 0.1377 |
🇮🇳Indian Rupee | INR | 83.4200 | 0.0120 |
Popular Conversions
Understanding Forex Markets
What is Forex Trading?
Forex (foreign exchange) is the global marketplace for trading national currencies. It's the largest financial market in the world, with over $7.5 trillion traded daily. Unlike stock markets, forex operates 24 hours a day, 5 days a week across major financial centers in London, New York, Tokyo, and Sydney.
How Currency Pairs Work
Currency pairs are quoted with a base currency and a quote currency. In EUR/USD = 1.10, EUR is the base currency and USD is the quote currency. The rate shows how much of the quote currency (1.10 USD) is needed to buy one unit of the base currency (1 EUR). When EUR/USD rises, the Euro is strengthening against the Dollar.
Major vs Minor vs Exotic Pairs
Major pairs include USD and account for 80% of forex volume (EUR/USD, USD/JPY, GBP/USD, etc.). Minor pairs (or crosses) don't include USD (EUR/GBP, EUR/JPY). Exotic pairs involve one major currency and one from an emerging economy (USD/TRY, EUR/ZAR). Major pairs have the highest liquidity and tightest spreads.
Factors Affecting Exchange Rates
Exchange rates are driven by interest rate differentials, inflation rates, economic growth, political stability, and trade balances. Central bank decisions are particularly influential - when a central bank raises interest rates, it typically strengthens that currency as higher yields attract foreign investment. Economic data releases can cause significant short-term volatility.
Key Forex Concepts
Pip (Percentage in Point)
The smallest price increment in forex trading. For most pairs, a pip is 0.0001 (fourth decimal place). If EUR/USD moves from 1.1000 to 1.1001, that's 1 pip. For JPY pairs, a pip is 0.01 (second decimal place). Traders measure profit and loss in pips.
Bid/Ask Spread
The difference between the bid price (what buyers pay) and ask price (what sellers receive). The spread represents the broker's commission. Major pairs like EUR/USD typically have spreads of 0-2 pips, while exotic pairs may have spreads of 10+ pips. Tighter spreads reduce trading costs.
Leverage in Forex
Leverage allows traders to control large positions with relatively small capital. For example, 100:1 leverage means you can control $100,000 with $1,000. While leverage amplifies potential profits, it also magnifies losses. Retail traders commonly use 50:1 or 100:1 leverage in forex markets.
Market Sessions
The forex market operates through four main sessions: Sydney (5 PM - 2 AM EST), Tokyo (7 PM - 4 AM EST), London (3 AM - 12 PM EST), and New York (8 AM - 5 PM EST). The highest volume and volatility occurs during session overlaps, particularly London-New York (8 AM - 12 PM EST).
Related Resources
Frequently Asked Questions About Forex
What are forex rates and how do they work?
Forex rates (foreign exchange rates) represent the value of one currency relative to another. For example, if EUR/USD is 1.10, it means 1 Euro equals 1.10 US Dollars. These rates fluctuate continuously based on supply and demand, economic indicators, central bank policies, geopolitical events, and market sentiment.
What is the EUR/USD exchange rate today?
EUR/USD is the most traded currency pair in the forex market, representing the exchange rate between the Euro and US Dollar. Our platform provides real-time EUR/USD rates updated every 5 minutes during market hours. Check the live rates above for the current EUR/USD exchange rate.
How often do forex rates update?
Our forex rates are updated every 5 minutes during market hours using real-time data from EODHD. The forex market operates 24 hours a day, 5 days a week (Sunday evening through Friday evening EST), allowing continuous trading across different time zones and financial centers worldwide.
What moves currency exchange rates?
Currency exchange rates are influenced by multiple factors: interest rate differentials set by central banks, economic data (GDP, employment, inflation), trade balances, political stability, market sentiment, and capital flows. Central bank policies and interest rate decisions are among the most significant drivers of forex rates.
What is the difference between forex and currency exchange?
Forex (foreign exchange) and currency exchange refer to the same concept - converting one currency into another. However, "forex" typically refers to the global decentralized market where currencies are traded, while "currency exchange" often refers to the physical exchange of money at banks or exchange bureaus.
Can I use these rates for currency conversion?
Yes, our forex rates provide accurate real-time data for currency conversion calculations. However, note that banks and currency exchange services typically charge a spread (markup) above the market rate. The rates shown here are mid-market rates - the midpoint between buying and selling prices.
What are the most traded currency pairs?
The major currency pairs (accounting for ~80% of forex trading volume) are: EUR/USD (Euro/Dollar), USD/JPY (Dollar/Yen), GBP/USD (Pound/Dollar), USD/CHF (Dollar/Franc), AUD/USD (Aussie/Dollar), USD/CAD (Dollar/Loonie), and NZD/USD (Kiwi/Dollar). EUR/USD alone accounts for about 25% of daily forex trading.
What is a currency pair in forex trading?
A currency pair represents the quotation of two different currencies, showing how much of the quote currency is needed to purchase one unit of the base currency. In EUR/USD, EUR is the base currency and USD is the quote currency. If EUR/USD = 1.10, you need 1.10 USD to buy 1 EUR.
What is the spread in forex trading?
The spread is the difference between the bid price (what buyers will pay) and the ask price (what sellers want) for a currency pair. It represents the cost of trading and is typically measured in pips (percentage in point). Major pairs like EUR/USD usually have tighter spreads than exotic currency pairs.
How does USD to EUR conversion work?
To convert USD to EUR, you divide the USD amount by the EUR/USD rate. For example, if EUR/USD is 1.10 and you have $1,100 USD, divide 1,100 by 1.10 to get 1,000 EUR. For EUR to USD conversion, multiply the EUR amount by the EUR/USD rate: 1,000 EUR × 1.10 = $1,100 USD.
What affects the GBP/USD exchange rate?
GBP/USD (called "Cable") is influenced by Bank of England monetary policy, UK economic data (inflation, employment, GDP), Brexit-related developments, US Federal Reserve decisions, and relative interest rate differentials. Political events in both countries and global risk sentiment also impact this major currency pair.
Why is USD/JPY important in forex trading?
USD/JPY is crucial as the most traded Asian currency pair and a key indicator of risk appetite. The Japanese Yen is a safe-haven currency - when markets are uncertain, investors buy JPY, causing USD/JPY to fall. Bank of Japan policies, US-Japan interest rate differentials, and Asian economic conditions drive this pair.
When is the best time to trade forex?
The forex market operates 24/5, but the best trading times are during market overlaps: London-New York overlap (8 AM - 12 PM EST) sees the highest volume and volatility. Major economic data releases (typically 8:30 AM EST for US data) also create trading opportunities. Avoid trading during low-liquidity periods like late Friday afternoons.
What is a pip in forex trading?
A pip (percentage in point) is the smallest price move in forex trading. For most currency pairs, a pip is 0.0001 (fourth decimal place). For example, if EUR/USD moves from 1.1000 to 1.1001, that's a 1 pip move. For JPY pairs, a pip is 0.01 (second decimal place). Pips are used to measure profit, loss, and spread.
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