Finance

Currency Exchange Calculator

Calculate real exchange costs including spreads, fees, and compare with mid-market rates.

Amount to Exchange

Mid-Market Rate

True interbank rate

Bank/Provider Rate

Rate you're offered

Transaction Fee ($)

Formula:
Spread Cost = Amount × |Mid Rate − Bank Rate| / Mid Rate
Total Cost = Spread Cost + Fee
Effective Rate = (Amount − Total Cost) × Bank Rate / Amount

Hidden Costs of Currency Exchange

The exchange rate spread is where most providers make their profit. A "no fee" exchange often hides a 2-4% markup in the rate. Always compare against the mid-market rate.