Currency conversion apps are very useful for travellers because they help show how their own currencies will fare when exchanged with other foreign currencies. They also help import and export businesses by allowing them to determine the selling and buying profits of different products.
It is also important to get an international prepaid SIM card while going on a trip abroad to stay connected with your loved ones at low rates anytime and anywhere.
Further reading: Top 110 best travel apps
The XE Currency application showcases the latest data on world currencies & precious metals and it is popular with most people trading in foreign currencies.
Download: XE currency converter (iOS), star rating: 4.4 |XE currency converter (Android), star rating: 4.1, 10 million+ downloads
The Easy Currency Converter allows you to convert and find the exchange rates of currencies and precious metals and it is suitable for both those working as foreign exchanges, cryptocurrencies analysts, and business owners.
Download: Easy Currency Converter (iOS), star rating: 4.6 |Easy Currency Converter (Android), star rating: 4.4 |10 million+ downloads
All Currency Converter is one of the easiest currency converter apps available and has the exchange rates available for over 160 countries. You can also check the rate of precious metals like gold and silver with this app.
Download: All Currency Converter (Android), star rating: 4.7| 5 million+ downloads
This app helps you you calculate not only foreign currency prices but also check historical data, check the fluctuations, or know about banknotes from various countries.
Download: Currency Converter (Android) star rating: 4.6 |5 million+ downloads
The Currency Converter Plus functions as a multiple currency converter at once and as a calculator, which makes it distinct from others.
Download: Currency Converter Plus (iOS), start rating: 4.7 |Currency Converter Plus (Android), star rating: 4.8 |5 million+ downloads
Further reading: Top 10 most downloaded travel apps
|Name||Description||Best for||Searches on Google (monthly)||Cost|
|XE||XE is one of the most renowned global foreign exchange platforms which offers a broad range of financial services besides being among the most reputable and trusted international foreign exchange website.||Best for helping people and businesses to convert currencies.||18 100||Free|
|TransferWise||TransferWise is designed to help you save cash on exchanges through their exclusive peer-to-peer system.||Best for helping people and businesses to convert currencies.||60 500||Free|
|Oanda||Apart from offering top-class currency exchange services, Oanda also provide money transfer services, Forex & CFD trading, and corporate fx payments.||Best for helping people and businesses to convert currencies.||60 500||Free|
|Travelex||Travelex helps businesses and individuals to access exchange rates for different currencies from all over the world.||Best for helping people and businesses to convert currencies.||2 900||Free|
|My Currency Converter||My Currency Converter supports over 150 different currencies from all around the world, ranging from the US Dollar to the Colombian Peso.||Best for helping people businesses to convert currencies.||10||Free|
Further reading: How to avoid international roaming charges
1. What is a currency conversion app?
A currency converter app is a computer application that enables users to convert one currency into another and allow allow users to get the best deal on their currency conversions.
2. Who needs a currency conversion app?
Currency Conversion apps are mostly needed by traders, businesses, travelers and those who transact daily and work internationally.
3. What are the limitations of a currency conversion app?
One limitation is being unable to provide an exact conversion while some apps also have limited features and are not able to convert all currencies used by the world.
4. What are the steps of using a currency conversion app?
The steps are as follows:
5. What is the cheapest way to convert currency?
Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.