Opening a US Business Bank Account as a Non-Resident: What to Know
A US entity and bank account can open doors for a cross-border business — but the path has specific building blocks and real hurdles. A plain-English overview.
Convert currencies at the real mid-market rate
Live exchange rates for 100+ currencies, updated throughout the day. No sign-up, no markup on the numbers — just the benchmark rate the global market is actually trading at.
…
Popular currency pairs
One-tap conversions for the pairs our readers check most often. Tap any card to load it in the converter.
Today's exchange rates
Mid-market rates for major world currencies against USD. See the full table of 100+ currencies.
| Code | Currency | Per 1 unit of base | Inverse |
|---|
Why use the mid-market rate?
=|=
The fair benchmark
The mid-market rate is the midpoint between the buy and sell price of a currency on global markets. It's the rate banks use between themselves — and the honest baseline to judge any exchange offer against.
-%-
See the real cost
Most providers advertise "no fees" but hide their profit inside a marked-up rate. Compare their quote with the mid-market rate here and the true cost of your transfer becomes visible instantly.
24/5
Always current
Currency markets trade around the clock on weekdays. Our feed refreshes regularly so the rate you see reflects what the market is doing now, not yesterday's newspaper table.
Understanding exchange rates in 60 seconds
An exchange rate is simply the price of one currency expressed in another. When you see EUR/USD at 1.09, it means one euro buys 1.09 US dollars. These prices move constantly because currencies are traded on the foreign-exchange (forex) market — the largest financial market in the world, with trillions of dollars changing hands every day.
What moves the price? Interest-rate decisions by central banks, inflation figures, trade balances, political events and plain old supply and demand. When investors expect a country's economy to strengthen, demand for its currency rises and so does its value. Our article on the seven forces that move currencies walks through each driver with examples.
For everyday users, the practical takeaway is this: the rate you find on TheRateNow is the market's reference price. Any bank, card or transfer service will give you something slightly worse — that difference is how they earn. Knowing the benchmark lets you measure exactly how much you're being charged, and choose accordingly. Our guides on the hidden cost of currency conversion and exchanging money while traveling show how to keep more of your money.
Frequently asked questions
Quick answers about our rates and tools. More in the full FAQ.
Are the exchange rates on TheRateNow live?
Yes. Rates are pulled from a professional exchange-rate data feed each time you visit and refreshed regularly throughout the day. The figure you see is the mid-market rate — the midpoint between global buy and sell prices for a currency pair.
Why is the rate my bank offers different from the rate shown here?
Banks and money-transfer services add a margin (a markup) on top of the mid-market rate, and often a fixed fee as well. The mid-market rate shown here is the fairest benchmark to compare offers against. The closer a provider's rate is to it, the better the deal.
Is the converter really free?
Completely. There is no registration, no download and no limit on the number of conversions. The site is supported by advertising.
How many currencies are supported?
More than 100 currencies, covering every major and most minor world currencies — from US dollars, euros and yen to Brazilian reais, Mexican pesos, Indian rupees and West African CFA francs.
Can I use these rates for accounting or invoicing?
Mid-market rates are widely used as a reference for bookkeeping and pricing, but always check which rate source your accountant, tax authority or contract specifies. Our data is informational and shouldn't be treated as an official rate fixing.
Does TheRateNow sell or transfer money?
No. We are an information tool only. We don't hold funds, execute transfers or recommend specific providers — we simply show you the benchmark rate so you can make informed decisions.
Latest from the blog
Practical guides on exchange rates, foreign trade and taking a business international — written from real cross-border operating experience.
Incoterms Explained: Who Pays for What in International Shipping
EXW, FOB, CIF, DDP — three-letter codes that decide who pays freight, who carries the risk, and where a deal can quietly go wrong.
Getting Paid as a Freelancer with Overseas Clients
Landing the overseas client is the easy part. Getting paid without losing 3–6% to fees and hidden FX margins is where the money is won or lost.