Currency conversion

Currency conversion is the process of changing money from one country's currency to another, often needed when traveling, making international purchases, or investing abroad. It involves using an exchange rate, which is the price of one currency in terms of another. For example, if 1 USD equals 0.85 EUR, converting $100 to euros involves multiplying 100 by 0.85, resulting in €85. Exchange rates fluctuate based on economic factors, supply and demand, and geopolitical events. Currency conversion ensures you can compare value across different monetary systems and conduct international transactions smoothly.