home
currency converter

Currency Converter

New

Convert 140 Currencies at the mid-market exchange rate.

Quickly convert more than 142 global currencies with a reliable mid-market exchange rate. Transparent, accurate and ideal for financial tracking, international payments, travel budgeting and more.

Mid-market rate at 5 May, 08:00 PM IST

1 USD = 95.191000 INR

Amount

Converted to

₹95.191000

Trusted by 1 Cr+ Indians for their wealth-building needs

Invest Now, Invest Right

Open Demat Account

Role of Currency in the Economy

Currency plays an important role in the functioning of an economy by acting as an exchange, a unit of account, and a store of value. It facilitates smooth transactions by eliminating the inefficiencies of the barter system, allowing individuals and businesses to buy and sell goods easily. Currencies also help in measuring the value of products, making price comparisons simple and transparent. Moreover, currency supports savings and investment by preserving the purchasing power over time. It enables people to store wealth and use it in future. A stable currency indicates economic strength, encouraging spending, lending and investment activities. Currency exchange rates determine how much one currency is worth in terms of other currencies, influencing exports and imports. Government and central banks use monetary policies to control currency supply, inflation, and stabilise the economy. Overall, currency is essential for economic growth, stability and efficient resource allocation.

Trade Currency Derivatives on Upstox

Trading currencies in India is legal only through SEBI-registered brokers like Upstox on authorised exchanges (NSE, BSE, MCX-SX). The most commonly traded currency pairs on Indian exchanges are USD/INR, EUR/INR, GBP/INR, and JPY/INR.

Top Currency Pairings

Live Exchange Rates

All rates displayed are relative to $1.00 US Dollar (USD)

Currency	Value of 1 USD	Change(1D)	Change %
Euro USD/EUR	0.854913 €	0.002443	0.287%
Pound sterling USD/GBP	0.737836 £	0.001746	0.237%
Japanese Yen USD/JPY	157.773240 ¥	0.932668	0.595%
Canadian Dollar USD/CAD	1.361319 C$	0.002694	0.198%

FAQs

What is currency conversion, and how does it work?

Currency conversions are the process of converting one country’s currency to another country’s currency using current exchange rates. The converter multiples the entered amount by the latest rate to calculate the equivalent value of the selected currency.

Why do people use currency converters?

Currency converters help individuals and businesses easily understand the value of one currency compared to another. They provide updated exchange rates, allowing accurate financial planning for travel, shopping, trading and investment.

By offering quick and reliable conversions, these tools simplify global transactions and help users make informed financial decisions in a changing currency market.

What is the base currency in the conversion?

The base currency in a conversion is the original currency you are converting from. It acts as a reference for adding currency values. It is usually set at a fixed rate, like 1 USD or 1 INR, to show how much it is worth in another currency.

For instance, if the USD is the base currency and you convert to INR, the rate shows how many rupees are equal to 1 US dollar.

All exchange rates are expressed relative to the base currency, making it easier to compare values. Selecting a base currency helps you to understand conversion rates and simplifies calculations in global transactions.

What factors affect the exchange rates?

Currency exchange rates are influenced by various factors such as interest rates, economic indicators, inflation, political stability, trade balance and global market demand.

Central bank policies and geopolitical events can also impact currency values, leading to frequent fluctuations in global markets.

Can I convert currencies other than USD to INR on Upstox?

Yes, you can convert 140+ global currencies with the Upstox currency converter. It is not only limited to USD to INR, but also supports multiple currencies, allowing you to check exchange values easily for business, travel, exports, or financial planning.

Are there any fees associated with the Upstox currency converter?

No, Upstox currency converter is completely free to use. You just have to input the currency values according to your preference, and easily check the converted values.

How often are exchange rates updated?

Exchange rates in currency converters are updated at a 30-minute interval based on the financial market data. It ensures users receive accurate and the latest rates that reflect ongoing changes in the global foreign exchange rates.

What’s in news?

INR vs USD: Indian rupee trades near record low at 95.46 against US dollar on May 5; details here

The Indian rupee was trading weaker near its all-time lows as forex traders focused on the fragile ceasefire deal between the United States and Iran.

INR vs USD: Indian rupee hits fresh record low of 95.32 against US dollar as oil prices jump to $124/bbl

The Indian rupee weakened past the 95 against the US dollar to hit a fresh record low on a higher demand for the greenback, and elevated crude oil prices above $124 per bbl on Thursday, April 30.

INR vs USD: Indian rupee nears one-month low against US dollar amid higher oil prices, elevated greenback demand

The Indian rupee was closing towards its one-month low levels against the US dollar as investors were trading with caution amid heightened uncertainty and moving out of emerging market bets.

INR vs USD: Indian rupee weakens for 5th straight session to 94.29 against US dollar amid hazy peace talks hopes

Indian rupee weakened for the fifth-straight session to 94.29 against US dollar as traders focused on the greenback amid hazy hopes of a second round of peace talks between the US and Iran and further Strait of Hormuz-related uncertainties in West Asia.

INR vs USD, on April 23: Indian rupee drops to 94.15 against US dollar amid elevated West Asia tensions

The Indian rupee weakened against the US dollar, dropping to 94.15 levels in the early trading hours amid higher oil prices, increased greenback, and latest developments in West Asia over the US-Iran conflict.

INR vs USD, on April 22: Indian rupee weakens to 93.8 against US dollar amid West Asia uncertainties

The Indian rupee weakened to 93.8 against the US dollar as the domestic currency was witnessing significant pressure due to the sell-off in the domestic equity markets and withdrawal of foreign capital.

INR vs USD, on April 20: Indian rupee trades at 92.8 against US dollar amid mixed global cues

The Indian rupee was trading range-bound around 92.9 levels against the US dollar as the conflict entered its eighth week since the end of February 2026.

INR vs USD, April 17: Indian rupee strengthens to 92.6 against US dollar amid positive global cues

The Indian rupee strengthened against the US dollar on Friday amid positive global cues and FII buying in the domestic market.

INR vs USD, April 15: Indian rupee trades at 93.3 against US dollar amid positive global cues over US-Iran talks

The Indian rupee was trading around 93.3 against the US dollar on Wednesday, April 15, after the investors' sentiment improved due to signals of another round of potential talks between the United States and Iran later this week.

INR vs USD, April 13: Indian rupee weakens to 93.3 against US dollar amid rising West Asia tensions

Indian rupee weakened to 93.3 against the US dollar amid pressure from the increased greenback demand and failed talks between the United States and Iran.

INR vs USD, April 10: Indian rupee trades 92.9 against US dollar due to volatility ahead of RBI’s deadline for banks

The Indian rupee was trading around 92.9 against the US dollar during the morning market on April 10, amid volatility ahead of the Reserve Bank of India’s deadline for banks to curb their overnight positions.