1 Versova Link Road Versova, Andheri(W), Mumbai-53
PYTHON
A MINI-PROJECT REPORT
ON
“CURRENCY CONVERTER”
By
Kaustubh Choudhari 408
Jiya Dubla 413
Atharva Hotkar 418
Under the guidance of
Prof. Bharti Jadav
1 Versova Link Road Versova, Andheri(W), Mumbai-53
Problem Statement:
Design and implement a Python program to convert the currency of one country to that of another
country.
Theory:
1. Introduction:
Currency conversion is a crucial functionality in today’s global economy, enabling
individuals and businesses to exchange one currency for another efficiently. With the rise of
international trade, travel, and remote work, a reliable currency converter helps users access
real-time exchange rates and perform quick calculations. This project aims to develop a
Python-based currency converter that fetches live exchange rates and provides accurate
conversions.
2.Project Description:
The Currency Converter is a Python application designed to convert monetary values
between different currencies. It utilizes an API to fetch real-time exchange rates and allows
users to select source and target currencies. The program provides a simple and intuitive
interface, making currency conversions easy for travelers, traders, and financial analysts.
3.Implementation:
Technologies Used:
- Programming Language:Python
- Libraries: tkinter (for GUI), requests (for fetching exchange rates), forex-python (for
currency conversion)
- API Used: Exchange rate APIs such as Open Exchange Rates or Forex-python
Steps to Implement:
1. Install necessary Python libraries using pip:
pip install forex-python requests tkinter
2. Develop a graphical user interface (GUI) using Tkinter.
3. Integrate an API to fetch real-time currency exchange rates.
4. Implement input fields for the user to enter the amount and select currencies.
5. Display the converted amount dynamically upon button click.
6. Handle errors like incorrect inputs or API failures with exception handling.
1 Versova Link Road Versova, Andheri(W), Mumbai-53
4. User Experience
Ease of Use: The GUI provides a user-friendly interface with drop-down selections for
different currencies.
Real-time Updates: The converter fetches the latest exchange rates to ensure accuracy.
Accessibility: The program is lightweight and runs on any system with Python installed.
Error Handling: Proper messages are displayed for invalid inputs or connection errors.
5. Challenges and Solutions
Challenges:
API Limitations: Some APIs may have restricted access or require paid plans for frequent
updates.
Network Issues: A slow or lost internet connection can disrupt API calls.
Incorrect Inputs: Users may enter invalid currency codes or non-numeric values.
Solutions:
Use free APIs with minimal limitations or implement fallback options.
Implement exception handling to notify users about network issues.
Validate user input to ensure only valid currency codes and numeric values are accepted
6. Future Enhancements
Offline Mode: Implement a local database to store recent exchange rates for offline
conversions.
Multi-Currency Conversion: Allow conversions between multiple currencies at once.
Mobile Application: Extend the functionality by developing a mobile-friendly version.
Historical Data Analysis: Provide exchange rate trends and past data for financial analysis.
Voice Commands: Enable voice input for hands-free currency conversion.
This project serves as a practical tool for users requiring real-time currency conversion, ensuring
convenience and accuracy. Future enhancements will improve accessibility, usability, and
additional financial insights.
1 Versova Link Road Versova, Andheri(W), Mumbai-53
Source Code:
1 Versova Link Road Versova, Andheri(W), Mumbai-53
Output:
1 Versova Link Road Versova, Andheri(W), Mumbai-53
Conclusion:
The Python-based Currency Converter is a valuable tool for individuals and businesses
needing real-time currency exchange calculations. By leveraging APIs and a user-friendly
interface, the project ensures accuracy, ease of use, and accessibility. While challenges such as
API limitations and network issues exist, effective solutions like exception handling and user
input validation enhance reliability. Future improvements, including offline functionality and
mobile app integration, will further enhance the tool's usability and scope. This project
demonstrates the power of Python in developing practical financial applications that benefit
users worldwide.
