How to Change Currency Money Can be converted manually or using online currency conversion. To use any of these methods, you must first use an online exchange rate calculator or request an exchange rate from your bank. Online rates are the same as interbank rates, but since banks make little profit on the exchange, the fees charged by banks may differ from the rates displayed on the internet. The exchange rate you get when you convert one currency to another may actually be different from the exchange rate you get when you convert one currency to another at your local bank. Traders have access to strict banking demand and demand margins, but foreign visitors who require local currency pay slightly higher prices for the same currency. For example, an online EUR / USD (EUR to USD) rate might display as 1.5560-1.5563. This means that the bank sells at 1.5563 and buys at 1.5560. The 3 pip spread is the advantage that allows the bank to make this trade. For example, converting dollars t
