There are some risks associated with currency conversion, such as fluctuating exchange rates and fraud risks. Exchange rates change rapidly on a live currency converter due to economic conditions, market sentiment, or geopolitical events. A sudden drop in the value of the currency you’re converting from can result in receiving less than expected in the target currency. Ensure you use regulated platforms that provide live data access and implement various security measures to safeguard funds and data from malicious users. Another strategy is using forward contracts, which allow you to lock in a specific rate for a future transaction, protecting you from potential adverse movements in the market.