Currency Converter
Convert any amount between major currencies and see how much a bank or card fee really costs you.
| Rate after fee | |
| Inverse rate | |
| Without any fee | |
| Cost of the fee |
How the conversion works
The converter starts from the mid-market rate, the midpoint between the buy and sell prices that banks trade at with each other. Your amount is multiplied by that rate, then reduced by the fee percentage you enter. For example, converting 1,000 USD to EUR at 0.92 with a 2.5% card fee gives 1,000 x 0.92 x (1 - 0.025) = 897 EUR instead of 920 EUR, so the fee costs you 23 EUR.
A fee of a few percent sounds small, but on a holiday budget or a tuition payment it adds up quickly. Compare the "without any fee" line with the result to see exactly what you lose, and shop around before exchanging large sums.
Rates are indicative mid-market rates updated about once a day and are not an offer to buy or sell currency. Always check the final rate with your bank or provider before you exchange money.
Working out a price change instead? Try the percentage calculator, or browse all calculators.
Frequently asked questions
Where do these exchange rates come from?
The calculator loads mid-market reference rates from a free public rate feed that updates about once a day. They are indicative only. The rate your bank, card or money transfer service gives you will usually be a little worse, because they add a margin (spread) on top.
What should I enter as the bank or card fee?
Enter the total markup you expect over the mid-market rate. Many debit and credit cards charge a foreign transaction fee of around 1-3%, airport and high-street exchange counters often take 5-10%, and fee-free travel cards or online transfer services can be under 1%. Leave it at 0 to see the pure mid-market conversion.
Can I use my own exchange rate?
Yes. The rate box is filled in automatically, but you can type over it with the rate your bank quotes. The result updates using whatever rate is in the box.
Should I pay in the local currency or my home currency abroad?
When a card terminal or ATM abroad offers to charge you in your home currency (called dynamic currency conversion), it usually applies a poor rate. Choosing to pay in the local currency and letting your card network convert it is almost always cheaper.