How to use it
- Enter Amount.
- Enter Exchange rate.
The formula
Rate expresses one currency in terms of another.
Worked example
Enter the rate and amount to see the converted total.
Frequently asked questions
Mid-market rate?
The 'true' rate before any provider markup.
Why do rates move?
Supply, demand and economic conditions.
Tips
- The mid-market rate excludes provider markup.
- Compare card fees against cash exchange rates.
- Rates move — check just before you transact.
Key terms
- Mid-market rate
- The true rate before markup.
- Spread
- The provider's markup on the rate.
- Base currency
- The currency you convert from.