Currency Exchange Calculator

Convert currency between major world currencies and calculate total costs including exchange fees. Get instant conversions with transparent fee breakdowns and reverse rates.

Enter how many units of "To Currency" equal 1 unit of "From Currency"

Converted Amount = Original Amount × Exchange Rate Fee Amount = Converted Amount × 0.02 (2% fee) Total Cost = Converted Amount + Fee Amount Reverse Rate = 1 / Exchange Rate Effective Rate = Exchange Rate × 1.02 (including fee) Example Exchange Rate Usage: If 1 USD = 0.92 EUR, enter 0.92 as the rate If 1 EUR = 1.09 USD, enter 1.09 as the rate
Example: Convert $100 USD to EUR at rate of 0.92 Converted Amount = 100 × 0.92 = €92.00 Exchange Fee (2%) = 92.00 × 0.02 = €1.84 Total with Fee = 92.00 + 1.84 = €93.84 Reverse Rate = 1 / 0.92 = $1.087 (1 EUR = $1.087) Effective Rate = 0.92 × 1.02 = 0.9384 You'll receive €92.00, but pay €93.84 total including fees.

How do currency exchange rates work?

Exchange rates show how much one currency is worth in another currency. If the USD/EUR rate is 0.92, it means $1 USD equals €0.92 EUR. Rates fluctuate constantly based on economic factors, interest rates, inflation, political stability, and market demand. Banks and exchange services add a margin (typically 1-5%) above the mid-market rate. Real-time rates change every second in forex markets, while consumer rates are updated less frequently.

What fees do currency exchanges charge?

Currency exchange fees vary by provider. Banks typically charge 1-3% plus a $5-15 flat fee per transaction. Airport kiosks charge 5-15% (avoid these). Credit cards charge 1-3% foreign transaction fees. ATM withdrawals abroad cost $2-5 plus 1-3%. Specialist services like Wise or Revolut charge 0.5-1%. The "no fee" claims often hide poor exchange rates—compare the actual rate to the mid-market rate. For $1,000 exchanged, fees can range from $5 (best) to $150 (worst).

When is the best time to exchange currency?

The best time to exchange currency depends on rate trends and your travel dates. Monitor rates 1-2 months before travel and exchange when rates favor you. Avoid last-minute airport exchanges which have the worst rates. Consider these tips: exchange larger amounts less frequently to minimize flat fees, use credit cards with no foreign transaction fees for purchases, withdraw cash from ATMs in local currency (refuse dynamic currency conversion), and set rate alerts with services like XE.com to notify you of favorable rates.

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