What is an Exchange Rate?
An exchange rate is the rate at which one currency is converted to another, e.g. 1 USD = 32 THB.
Types of Exchange Rates
- Spot Rate — current rate at this moment
- Buy Rate / Sell Rate — bank buying/selling rates
Currency Exchange Tips
- Compare rates from multiple sources before exchanging
- Avoid airport exchanges — rates are usually poor
Check real-time rates with our free currency converter