Traveling to Costa Rica
An action-packed guide to your trip to Costa Rica. themselves.Read more >
You can convert one currency into another using an exchange rate. For example, an exchange rate of 15 Mexican Pesos to one US dollar means that you could convert 15 Mexican Pesos into one US dollar – or one US dollar into 15 Mexican Pesos. Pretty simple! In reality, you’ll get a slightly different exchange rate depending on whether you’re buying or selling a currency. To get to grips with the different kinds of exchange rate you might hear about, see our Currency Jargon Explained section.
A company providing foreign currency needs to cover the additional costs that come from supplying people with currency. The cost of supplying foreign currency online are much less, so you’ll usually get a better rate online. If you leave buying currency to the last minute, you’ll probably end up paying over the odds, so it makes sense to plan ahead.
Currencies constantly move up and down against each other because they’re traded on financial markets. Market changes can be caused by supply and demand, as well as by political and economic events.
You can’t predict when exchange rates will go up or down. But our currency converter above will show you historical rates, to give you an idea of how the current conversion rate compares to the past few months or year.
You can convert your US dollars into over 50 currencies with Travelex, either online or at one of our many stores across the US.