A currency converter app can be very helpful when it comes to travel, especially for those that travel frequently. They can also be extremely useful for making payments internationally, or even just for trading money into a different currency.
Though, it’s not easy to know which app to get. So, we selected some of the best currency converter apps you can download to your smartphone for and Android and iPhone.
Xe Currency Converter & Global Money Transfer
The most well known currency converter app, there’s a reason why many experienced currency traders still use XE – its reliability.
The app is free to download and has more than 130 currencies that you can analyse and then send into if you find a solid rate.
The XE app shows you live market rates so you can always get the most accurate exchange rates across multiple currencies – once you find a good rate, you can then convert and send currency easily within the app too.
All you need to do is enter the amount you want to send – then, the software allows you to add a maximum number of recipients to your bank’s international funds.
You can also set the alerts to countries you want if you’re trying to find the very best price when it comes to conversion rates.
This app is useful for both travellers and business people, which makes sense as to why it’s one of the most popular currency converter exchanges.
It’s available on both Android and iPhone, and maybe the best choice if you want current exchange rates.
Easy Currency Converter
Easy Currency Converter shows you exchange rates from over 200 countries. It can help to calculate data values and share this with another user.
It supports every international currency, but it also features some cryptocurrencies too including Bitcoin, Litecoin and Ethereum.
It is possible to set up your own currency lists within the app, which means that you can access them quickly and check history graphs on exchange rates without much trouble.
The user may view historical graphics from over the past decade, and watch important updates on the fluctuating exchange prices. This application changes exchange rates twice per second, which keeps you up to date with all currency trends.
The phone also offers offline mode. When users use offline mode, the user gets a cache of exchange rates from the last time your device was connected to the internet.
MyCurrency Converter & Rates
If you’re looking for the best currency converter app for iPhones, MyCurrency is anothet good option. The app can run offline and displays exchange rate information for 180 different currencies.
It is possible to receive updates in 3 decimal places, which can help you to achieve highest accuracy when trading money.
The in-built calculator makes totalling up your conversions easy – you can quickly write and calculate and convert while traveling. It offers interactive charts, and the ability to change into multiple currencies at the same time.
The app lists prices for cryptocurrency too, with coins like Litecoin and Doge Coin being listed within MyCurrency.
The app has a large userbase and plenty of good reviews, and as it’s a free app, it’s worth downloading if you’re searching for free currency converter apps that won’t annoy you with in-app purchases.
Bonus – Wise (formerly TransferWise)
Apps like Wise can help you to transfer your money into different currencies, which is great if you want to convert currencies instantly.
This is a step further than many currency converter apps, which are just designed to show you the current market trends and prices and not give you instant exchange rates.
Those that are UK based may be familiar with expensive currency exchange rates when using their bank. Wise will likely give you a much lower fee – you can also sign up for a debit card which allows you to spend in a variety of different currencies.
If you’re going to a foreign country, then downloading an app like Wise is a great idea. They have access to 50+ foreign currencies that you can store your funds in, with instant conversion rates for major currencies. For international money transfers, it’s the best option.
Conclusion
The most difficult aspect when travelling abroad is accurate conversion into the local currency – you can often end up spending quite a bit on just converting your money, whereas if you were to use a currency converter app, you’d be able to ensure you get the best rate.
Mobile apps can change the way we do things, with the way we manage our finances being at the top of that list, and giving retail investors the opportunity to buy shares.
We’ve taken a look at the best currency apps that provide various services, ranging from simple money transfers alerts to sales alerts to in-app forex evaluations.
