The mid-market rate is the real exchange rate — the midpoint between buy and sell prices on global currency markets, with no provider markup. The table below shows measured mid-market rates for the most-used USD corridors, as of September 2026.
| Pair | Mid-market rate |
|---|---|
| USD → EUR | 1 USD = 0.8713 EUR |
| USD → INR | 1 USD = 95.9403 INR |
| USD → PHP | 1 USD = 62.8395 PHP |
| USD → NGN | 1 USD = 1335.69 NGN |
| USD → MXN | 1 USD = 17.2123 MXN |
| USD → JPY | 1 USD = 157.14 JPY |
| USD → KRW | 1 USD = 1386.74 KRW |
| USD → SGD | 1 USD = 1.2766 SGD |
| USD → HKD | 1 USD = 7.8453 HKD |
| USD → THB | 1 USD = 33.3562 THB |
Rates measured September 20, 2026 from live provider data — refreshed every 6 hours. Providers rarely give you this rate: compare the actual all-in cost of a transfer on the live comparison tool or see what the mid-market rate is.
Most "currency converters" quote a rate that no provider will actually give you. This one shows the true mid-market rate — the midpoint between global buy and sell prices — for the currencies RemitRoutes measures, so you can see exactly how far your bank or transfer app's quote sits from the real number.
Enter an amount and pick your send and receive currencies.
The converter looks up the live mid-market rate measured by RemitRoutes' data pipeline for that pair.
The result shows the converted amount at the true mid-market rate, which you can then compare against any provider's quoted rate to spot hidden FX markup.
The mid-market rate shown comes directly from the same build-time and runtime rate data that powers RemitRoutes' provider comparison — it is not estimated or pulled from a generic FX API disconnected from our measured provider data.
Any provider quoting a rate below this mid-market figure is embedding a markup: the gap, expressed as a percentage of the mid-market rate, is the hidden fee.
Worked example: Sending $1,000 from USD to EUR, the cheapest measured route today is Kraken at 0.15% all-in cost — about $1.50 on a $1,000 transfer, as of September 20, 2026. Rates are refreshed every 6 hours from live provider data.
The mid-market rate is the midpoint between the buy and sell prices of two currencies on global markets. It is the fairest rate available and the one you see on Google or Reuters. No provider fee is built into the mid-market rate — any difference from it is a hidden markup.
Banks add a markup of 1.5-4% above the mid-market rate. This is a hidden fee embedded in the exchange rate. For a $1,000 transfer, a 3% markup means $30 less delivered to your recipient, on top of any wire fee.
Currency markets operate 24 hours a day, 5 days a week. Rates change by the second during market hours. Our tool fetches live rates from actual providers so you see what you would pay right now.
Wise consistently offers the mid-market rate with zero FX markup. Digital asset rails (sending USDC via Stellar or Tron) also trade at near-market rates on open exchanges. Banks and traditional services like Western Union typically mark up the rate by 1.5-4%.
Compare live rates across 370+ corridors on RemitRoutes · methodology.