# Currency Conversion

> Currency conversion is the process of exchanging one country's currency for another at a specific exchange rate.

- **URL**: https://dodopayments.com/glossary/currency-conversion

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## What is Currency Conversion?

Currency conversion is the process of exchanging one country's currency for another at a specific exchange rate. This is essential for international transactions, where buyers and sellers use different currencies.

### Exchange Rate:

The exchange rate determines how much of one currency is needed to buy another. For example, if 1 USD equals 85.01 INR, this means $10 can be exchanged for Rs.850.

## Learn More

- [How payment localization increases ARR](https://dodopayments.com/blogs/payment-localization-increases-arr)
- [Best payment methods for SaaS businesses](https://dodopayments.com/blogs/best-payment-methods-for-saas)
- [Using UPI payments for global business](https://dodopayments.com/blogs/upi-payments-global-business)