Currency Converter
Convert EUR to USD using Bitcoin standard exchange rates.
Use Bitcoin as a neutral intermediary to get more accurate exchange rates between fiat currencies. More information below the converter.
1 EUR =
Direct exchange rate between EUR and USD. Values updated every 10 seconds.
Rates calculated using Bitcoin as a neutral intermediary - Gets the real value between currencies.
What is the Bitcoin Standard?
The Bitcoin Standard is an approach to calculating exchange rates between fiat currencies using Bitcoin as a neutral intermediary. Instead of relying on direct exchange rates that can be manipulated by central banks, the Bitcoin Standard uses the market price of Bitcoin in different currencies to derive a more accurate and market-based exchange rate. This avoids distortions and provides a clearer view of the relative value between currencies.
Overview
Bitcoin is a globally traded cryptocurrency, quoted in real-time in various fiat currencies (USD, EUR, BRL, etc.). It can be used as an intermediary reference to convert between two currencies that do not have a direct pair.
Advantages
- Global Quotation: BTC has pairs with most of the world's currencies.
- High Availability: Real-time data, operating 24/7.
- Decentralization: Does not depend on central banks or governments.
- Intermediation: Useful for converting between exotic currencies or those with low direct trading volume.
Conversion Example (via BTC)
If:
- 1 BTC = 100.000 BRL
- 1 BTC = 20.000 USD
Then: 1 USD = 5 BRL (via BTC)
Geopolitical Use
Some countries, like Russia and China, are using Bitcoin as a tool to bypass sanctions, facilitate international trade, or store value outside the traditional financial system.
Considerations
- BTC quotation can vary between exchanges.
- Bitcoin's volatility can impact conversion accuracy.
- Ideal for quick estimates, not for official accounting records.