Currency Converter
Convert currencies instantly using live, hourly-updated exchange rates.
🌍 Working with International Clients?
Foreign income is 100% taxable in the US. Report it in USD using the exchange rate on the date you received payment — not the date you invoice or convert the funds.
IRS Publication 54 governs foreign income for US citizens and resident aliens. Keep records of the exchange rate used for each payment received.
Frequently Asked Questions
How accurate are these exchange rates?
Our tool pulls live data from Open Exchange Rates. The rates are updated hourly to ensure high accuracy for your freelance and travel needs.
Will my bank use these exact rates?
No. The rates shown here are "mid-market" rates (the true rate). Banks, PayPal, and payment processors typically add a margin (markup) of 2% to 4% when converting your money. Expect to receive slightly less than the mid-market rate when getting paid by international clients.
How do I invoice an international client?
It is usually best to invoice the client in YOUR local currency, forcing them to absorb the exchange rate risk. If you must invoice in their currency, use this tool to calculate the conversion, and add a 3% buffer to protect against currency fluctuations while the invoice is pending.
Are exchange rate losses tax deductible?
Yes! If you invoice a client for $1,000 USD but only receive $970 USD due to bank conversion fees and exchange rate fluctuations, that $30 difference is a deductible business expense.