OpenRate review
A focused iPhone converter for official, street and parallel-market comparisons.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
OpenRate is an iPhone currency-converter app for travelers, people living abroad, and anyone comparing exchange values across different markets. It converts currencies instantly and, for supported currencies, places official exchange rates alongside street and parallel-market buy and sell rates. Saved currency pairs and amounts make recurring comparisons easier, while quick amount shortcuts reduce repeated entry. A Home Screen widget surfaces favorite conversions without requiring the full app each time.
The Free plan includes currency conversion, official and supported street-market rates, favorites, and a Home Screen widget. OpenRate Pro Lifetime adds lifetime Pro access through an in-app purchase. The feature set stays focused on fast comparisons rather than broader financial tracking: users get real-time rates, saved values, shortcuts, and buy/sell displays, but no historical-rate views. That makes the app suitable for checking a current exchange value or comparing market quotes, while users researching trends or past rates will need a different tool.
OpenRate is designed for Apple mobile use, with iOS as its listed platform and mobile as its deployment model. Email is the stated support channel. Its strongest fit is an iPhone user who regularly compares official and local rates and wants favorite values close at hand. People who need Android or web access, historical analysis, or a wider finance-management feature set should consider an alternative converter. The app’s narrow scope can be an advantage for quick rate checks, but it leaves less room for users seeking a full exchange-rate history or cross-platform workflow.
OpenRate pros and cons
- Where it wins
- Shows official, street and parallel-market buy/sell rates
- Saves favorite pairs, amounts and quick shortcuts
- Includes a Home Screen widget for favorite conversions
- Where it doesn't
- Available only on iOS
- No historical-rate views for trend analysis
- Customer support is provided through email
OpenRate fact sheet, pricing and score →
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