Converted Amount
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Fee Cost
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Net After Fee
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When Should You Use a Currency Converter?
Use this calculator whenever you need to convert money between currencies:
- Before traveling — know how much local currency you will get for your money.
- Comparing broker fees — see how different spreads and fees affect your final amount.
- International trading — calculate the cost of buying foreign stocks or assets in your home currency.
- Sending money abroad — understand the true cost of international transfers including hidden fees.
How It Works
1
Enter Amount
Type the amount of money you want to convert.
2
Set the Rate & Fee
Enter the exchange rate and the fee or spread percentage charged by your provider.
3
See Net Amount
Instantly see the converted amount, fee cost, and your net amount after fees.
Frequently Asked Questions
An exchange rate is the price of one currency expressed in terms of another. For example, EUR/USD = 1.08 means 1 euro costs 1.08 US dollars. Rates fluctuate constantly based on supply, demand, interest rates, and economic conditions.
The spread is the difference between the buy and sell price of a currency pair. Banks and brokers add a markup (spread) to the mid-market rate as their fee. A typical bank spread is 1-3%, while online brokers often charge 0.1-0.5%.
Exchange rates move during market hours (Sunday evening to Friday evening). Rates tend to be most competitive during overlapping trading sessions (e.g., London and New York overlap from 1-5 PM GMT). Avoid converting on weekends or holidays when spreads are wider.
Exchange rates change due to interest rate differences between countries, inflation, trade balances, political stability, and economic data releases. Central bank decisions (like the Fed or ECB) have the largest short-term impact on currency values.
Use online forex brokers or fintech apps instead of traditional banks (lower spreads). Convert larger amounts at once to reduce per-transaction fees. Monitor rates and convert when favorable. Avoid airport exchange kiosks which charge the highest markups.