How to Calculate Exchange Rate

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I can help you create a calculator for calculating exchange rates. Here's the HTML code for a WordPress-compatible calculator.

Exchange Rate Calculator

Easily convert currencies using current exchange rates. Enter the amount you want to convert and select the source and target currencies.

USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CHF – Swiss Franc CNY – Chinese Yuan SEK – Swedish Krona NZD – New Zealand Dollar
USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CHF – Swiss Franc CNY – Chinese Yuan SEK – Swedish Krona NZD – New Zealand Dollar

Understanding Exchange Rates

An exchange rate is the value of one nation's currency for the purpose of trade of another nation's currency. For example, if an exchange rate is quoted as EUR/USD 1.10, it means that one Euro can be exchanged for 1.10 US Dollars.

This calculator uses a simplified model. In reality, exchange rates fluctuate constantly based on a multitude of economic and political factors, including interest rates, inflation, political stability, and market speculation. For precise, real-time rates, it's always best to consult a financial institution or a reputable financial data provider.

How it works:

To calculate the equivalent amount in the target currency, you multiply the amount in the source currency by the current exchange rate between the two currencies.

Formula:

Converted Amount = Amount to Convert × Exchange Rate

Where the 'Exchange Rate' is the value of 1 unit of the source currency in terms of the target currency.

.exchange-rate-calculator { font-family: sans-serif; border: 1px solid #ccc; padding: 20px; border-radius: 8px; max-width: 500px; margin: 20px auto; background-color: #f9f9f9; } .exchange-rate-calculator h2 { text-align: center; color: #333; margin-bottom: 15px; } .exchange-rate-calculator p { color: #555; line-height: 1.6; margin-bottom: 20px; } .input-section { margin-bottom: 15px; display: flex; align-items: center; justify-content: space-between; } .input-section label { margin-right: 10px; font-weight: bold; color: #444; flex-basis: 150px; /* Fixed width for labels */ } .input-section input[type="number"], .input-section select { padding: 8px; border: 1px solid #ccc; border-radius: 4px; flex-grow: 1; /* Allow input/select to take available space */ } .exchange-rate-calculator button { background-color: #4CAF50; color: white; padding: 10px 15px; border: none; border-radius: 4px; cursor: pointer; font-size: 16px; width: 100%; margin-top: 10px; margin-bottom: 20px; } .exchange-rate-calculator button:hover { background-color: #45a049; } .result-section { text-align: center; font-size: 1.2em; color: #333; background-color: #e0f0e0; padding: 15px; border-radius: 5px; border: 1px solid #d0e0d0; } .explanation { margin-top: 25px; border-top: 1px solid #eee; padding-top: 15px; font-size: 0.9em; color: #666; } .explanation h3 { color: #333; margin-bottom: 10px; } .explanation code { background-color: #f0f0f0; padding: 2px 5px; border-radius: 3px; } // This is a simplified representation of exchange rates. // In a real-world application, you would fetch these rates from an API. var exchangeRates = { "USD": { "EUR": 0.92, "GBP": 0.79, "JPY": 157.75, "CAD": 1.37, "AUD": 1.50, "CHF": 0.90, "CNY": 7.24, "SEK": 10.54, "NZD": 1.63 }, "EUR": { "USD": 1.09, "GBP": 0.86, "JPY": 171.99, "CAD": 1.49, "AUD": 1.63, "CHF": 0.98, "CNY": 7.89, "SEK": 11.50, "NZD": 1.78 }, "GBP": { "USD": 1.27, "EUR": 1.16, "JPY": 200.60, "CAD": 1.74, "AUD": 1.90, "CHF": 1.14, "CNY": 9.22, "SEK": 13.41, "NZD": 2.08 }, "JPY": { "USD": 0.0063, "EUR": 0.0058, "GBP": 0.0050, "CAD": 0.0087, "AUD": 0.0095, "CHF": 0.0057, "CNY": 0.046, "SEK": 0.067, "NZD": 0.10 }, "CAD": { "USD": 0.73, "EUR": 0.67, "GBP": 0.57, "JPY": 115.17, "AUD": 1.10, "CHF": 0.66, "CNY": 5.30, "SEK": 7.70, "NZD": 1.20 }, "AUD": { "USD": 0.67, "EUR": 0.61, "GBP": 0.53, "JPY": 104.70, "CAD": 0.91, "CHF": 0.60, "CNY": 4.82, "SEK": 7.00, "NZD": 1.09 }, "CHF": { "USD": 1.11, "EUR": 1.02, "GBP": 0.88, "JPY": 178.65, "CAD": 1.51, "AUD": 1.66, "CNY": 8.04, "SEK": 11.72, "NZD": 1.81 }, "CNY": { "USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 22.22, "CAD": 0.19, "AUD": 0.21, "CHF": 0.12, "SEK": 1.46, "NZD": 0.23 }, "SEK": { "USD": 0.095, "EUR": 0.087, "GBP": 0.075, "JPY": 15.19, "CAD": 0.13, "AUD": 0.14, "CHF": 0.085, "CNY": 0.68, "NZD": 0.15 }, "NZD": { "USD": 0.61, "EUR": 0.56, "GBP": 0.48, "JPY": 123.45, "CAD": 0.83, "AUD": 0.92, "CHF": 0.55, "CNY": 4.35, "SEK": 6.50 } }; function calculateExchangeRate() { var amountInput = document.getElementById("amount"); var sourceCurrencySelect = document.getElementById("sourceCurrency"); var targetCurrencySelect = document.getElementById("targetCurrency"); var resultDiv = document.getElementById("result"); var amount = parseFloat(amountInput.value); var sourceCurrency = sourceCurrencySelect.value; var targetCurrency = targetCurrencySelect.value; if (isNaN(amount) || amount < 0) { resultDiv.innerHTML = "Please enter a valid positive number for the amount."; return; } if (sourceCurrency === targetCurrency) { resultDiv.innerHTML = amount.toFixed(2) + " " + targetCurrency; return; } var rate = exchangeRates[sourceCurrency] && exchangeRates[sourceCurrency][targetCurrency]; if (rate) { var convertedAmount = amount * rate; resultDiv.innerHTML = amount.toFixed(2) + " " + sourceCurrency + " is equal to " + convertedAmount.toFixed(2) + " " + targetCurrency; } else { resultDiv.innerHTML = "Exchange rate not available for this conversion."; } }

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