Free Currency Exchange Calculator
Convert between two currencies using the exchange rate and see the impact of exchange fees.
USD
%
Converted Amount
897.00
Fee Cost$25.00
Effective Exchange Rate0.8970
Converted Amount vs Exchange Rate (per 1 USD)
How Currency Exchange Works
Multiply your amount by the exchange rate to convert. Exchange providers charge a fee (percentage or markup on the rate).
Formula
Converted = (Amount - Fee) x Exchange Rate
Effective Rate = Converted / Original Amount
Example Calculation
Convert $1,000 USD to EUR at 0.92 rate with 2.5% fee.
- 01Fee = $1,000 x 2.5% = $25.00
- 02Net amount = $1,000 - $25 = $975
- 03Converted = $975 x 0.92 = 897.00 EUR
- 04Effective rate = 897.00 / 1,000 = 0.8970
Frequently Asked Questions
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