Currency converter with live exchange rates
Check the live exchange rate for any currency pair. Grey shows you the mid-market rate, the fee, and exactly what your recipient receives, all before you confirm.
Registered with FinCEN · Trusted by 3M+ users · 180+ currency pairs · Rate shown before you confirm
How exchange rates work
An exchange rate is the price of one currency expressed in another. When you convert US dollars to Nigerian naira, the exchange rate tells you how many naira one dollar buys at that moment.
The rate consumers see from banks and most transfer services is the mid-market rate plus a margin, typically 1 to 4 percent. Grey shows the exchange rate and the fee as two separate line items before you confirm.
Exchange rates move constantly because currencies trade around the clock. Interest rates, inflation, economic data, trade flows and market sentiment all change the balance of supply and demand for a currency, which is why the rate for a pair can shift from one minute to the next.
When you read a rate, check which rate it is. The mid-market rate is a reference point, but the rate you are quoted for a transfer is the one that decides what your recipient gets. Look at the rate, the fee and the recipient amount together, and make sure the rate shown is the rate applied when you confirm.
Send, receive and convert on the Grey app
How to get the best exchange rate
The best exchange rate is not always the one with the lowest advertised fee. A transfer with a 0 percent fee and a 3 percent rate margin costs more than one with a $5 fee and a 0.5 percent margin on any amount over $250.
Compare recipient amounts, not fees. Enter the same send amount in two apps and compare the receive amount in local currency. The provider where your recipient gets more is cheaper in total.
Send, receive and convert on the Grey app
What is the best currency converter?
The best currency converter shows the live mid-market rate, the fee separately, and what your recipient actually receives in their local currency. Grey shows all three before you confirm a conversion.
How do I get the best exchange rate?
Compare the total cost of a transfer, not just the advertised fee. Many banks and services add a margin to the exchange rate that is invisible in the fee number. Grey shows the rate and fee separately so you can calculate exactly what your recipient receives before you send.
What is the mid-market exchange rate?
The mid-market rate is the midpoint between the buy and sell prices of two currencies on the global interbank market. It is the rate shown on Google Finance and Reuters. Consumer rates from banks and transfer services typically include a margin above this rate.
Can I use Grey to convert currencies?
Yes. Grey supports currency conversion across 180+ currency pairs. You can check the live rate for any supported pair and convert by sending money directly to a recipient's bank account in 80+ countries.
Is Grey a currency exchange near me?
Grey is a digital currency converter and money transfer app, not a physical exchange bureau. You can check live rates and convert money from your phone without visiting a branch or a foreign exchange counter.
How often does Grey update its exchange rates?
Grey's exchange rates update in real time. The rate shown when you confirm your conversion is the rate applied. Grey does not adjust the rate after confirmation.
