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    Compare Federal Reserve Exchange Rates

    Exchange Rates aren't all the same! Its hard to predict the currency markets but you can always save money by comparing Federal Reserve margins and fees to those charged by your bank or FX provider.

    Federal Reserve System

    The Federal Reserve System (also called the Federal Reserve or just the Fed) is the central banking system of the United States of America. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.

    Interest rates, inflation, and exchange rates are all intrinsically linked. When the Fed manipulates interest rates this impacts both the inflation in the US and also the relative value of the US dollar compared to other currencies.

    Fed Recent Interest Rate Decisions:

    At its July meeting the Federal Reserve raised the target range 0.75% to 2.25%-2.5%, the fourth consecutive rate hike, and pushing borrowing costs to the highest level since 2019.

    The Fed officials also stated that they expected to continue raising rates to slow the most rapid increase in inflation in the US for decades.

    Read our guide to the Relationship between Interest Rates and Currencies.

    Exchange rates published by Central Banks such as the Federal Reserve are the latest interbank mid-market exchange rates, here are some of the most popular USD exchange rates:

      US dollar to US dollar Index

    The U.S. Dollar Index at 106.1 is 1.1% above its 90-day average 104.9 with range 101.4-108.6.
    US dollar Index
    106.04
    1-DAY-0.6%1d
    US dollar to Canadian dollar

    USD to CAD at 1.2875 is near its 90-day average 1.2863 with range 1.2532-1.3121.
    USD to CAD
    1.2881
    1-DAY-0.6%
    14-DAYHIGH2d
    US dollar to Euro

    USD to EUR at 0.9766 is 1.6% above its 90-day average 0.9614 with range 0.9278-0.9980.
    USD to EUR
    0.9760
    1-DAY-0.6%
    US dollar to Mexican peso

    USD to MXN at 20.20 is near its 90-day average 20.18 with range 19.53-20.86.
    USD to MXN
    20.21
    7-DAY-2.8%
    30-DAYLOW
    US dollar to Indian rupee

    USD to INR at 79.49 is 1.1% above its 90-day average 78.59 with range 77.36-80.03.
    USD to INR
    79.50
    No alerts
    US dollar to Pound Sterling

    USD to GBP at 0.8268 is 1.1% above its 90-day average 0.8182 with range 0.7903-0.8456.
    USD to GBP
    0.8266
    No alerts
    US dollar to Australian dollar

    USD to AUD at 1.4346 is near its 90-day average 1.4355 with range 1.3765-1.4852.
    USD to AUD
    1.4350
    1-DAY-0.7%
    14-DAYHIGH2d

    You Can Save Money when you Compare Federal Reserve Exchange Rate Margins & Fees

    The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus Federal Reserve market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.

     

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