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 Currency Exchange
When you travel internationally or conduct business across borders, you often need to convert one currency into another.
This process is known as currency exchange, and it involves using a specific exchange rate.
The exchange rate represents the value of one currency in relation to another. For example, if the USD to EUR exchange rate is 0.92, it means that 1 U.S. Dollar can be exchanged for 0.92 Euros.
Bank of America provides currency exchange services, and their rates can fluctuate based on market conditions.
This calculator is a simplified tool to estimate how much of a target currency you would receive for a given amount of your original currency.
It's important to note that actual rates at the bank may differ slightly due to fees, the exact time of the transaction, and dynamic market changes. Always check with Bank of America directly for the most current and precise exchange rates for your transaction.
This calculator uses a sample set of common currency pairs. To use it, simply enter the amount you wish to convert, select your originating currency ("From Currency"), and then choose the currency you want to convert to ("To Currency"). The calculator will then provide an estimated converted amount.
function getExchangeRate(from, to) {
// In a real-world application, this function would make an API call
// to a reliable exchange rate service or a bank's specific API.
// For this example, we'll use a hardcoded, simplified set of rates.
// These rates are illustrative and will not be real-time.
var rates = {
"USD": {"EUR": 0.92, "GBP": 0.79, "JPY": 150.50, "CAD": 1.36, "AUD": 1.52, "CHF": 0.89, "CNY": 7.20, "SEK": 10.50, "NZD": 1.65},
"EUR": {"USD": 1.09, "GBP": 0.86, "JPY": 163.50, "CAD": 1.48, "AUD": 1.65, "CHF": 0.97, "CNY": 7.83, "SEK": 11.40, "NZD": 1.80},
"GBP": {"USD": 1.27, "EUR": 1.16, "JPY": 190.00, "CAD": 1.72, "AUD": 1.92, "CHF": 1.13, "CNY": 9.10, "SEK": 13.20, "NZD": 2.09},
"JPY": {"USD": 0.0066, "EUR": 0.0061, "GBP": 0.0053, "CAD": 0.0090, "AUD": 0.0101, "CHF": 0.0059, "CNY": 0.048, "SEK": 0.069, "NZD": 0.109},
"CAD": {"USD": 0.73, "EUR": 0.67, "GBP": 0.58, "JPY": 110.50, "AUD": 1.12, "CHF": 0.65, "CNY": 5.30, "SEK": 7.70, "NZD": 1.21},
"AUD": {"USD": 0.66, "EUR": 0.61, "GBP": 0.52, "JPY": 98.50, "CAD": 0.89, "CHF": 0.58, "CNY": 4.70, "SEK": 6.90, "NZD": 1.08},
"CHF": {"USD": 1.12, "EUR": 1.03, "GBP": 0.88, "JPY": 168.00, "CAD": 1.53, "AUD": 1.08, "CNY": 8.00, "SEK": 11.70, "NZD": 1.84},
"CNY": {"USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 20.90, "CAD": 0.19, "AUD": 0.21, "CHF": 0.12, "SEK": 1.46, "NZD": 0.23},
"SEK": {"USD": 0.095, "EUR": 0.088, "GBP": 0.076, "JPY": 15.20, "CAD": 0.13, "AUD": 0.14, "CHF": 0.085, "CNY": 0.68, "NZD": 0.16},
"NZD": {"USD": 0.60, "EUR": 0.55, "GBP": 0.48, "JPY": 115.00, "CAD": 0.83, "AUD": 0.93, "CHF": 0.54, "CNY": 4.30, "SEK": 6.20}
};
if (from === to) {
return 1; // Same currency, rate is 1
}
if (rates[from] && rates[from][to]) {
return rates[from][to];
} else {
// Fallback for reverse if not directly available (e.g., USD to EUR is there, but EUR to USD might not be explicitly listed in this simplified structure)
// This is a very basic fallback and not robust for real scenarios
if (rates[to] && rates[to][from]) {
return 1 / rates[to][from];
}
return null; // Rate not found
}
}
function calculateExchange() {
var amount = parseFloat(document.getElementById("amountToConvert").value);
var fromCurrency = document.getElementById("fromCurrency").value;
var toCurrency = document.getElementById("toCurrency").value;
var resultDiv = document.getElementById("exchangeResult");
resultDiv.innerHTML = ""; // Clear previous result
if (isNaN(amount) || amount <= 0) {
resultDiv.innerHTML = "Please enter a valid positive amount.";
return;
}
var rate = getExchangeRate(fromCurrency, toCurrency);
if (rate === null) {
resultDiv.innerHTML = "Exchange rate not available for this pair.";
return;
}
var convertedAmount = amount * rate;
// Format the result to 2 decimal places for currencies,
// but allow for more if needed for JPY, etc.
var formattedAmount = convertedAmount.toFixed(2);
if (toCurrency === "JPY") {
formattedAmount = convertedAmount.toFixed(0); // JPY usually doesn't use cents
}
resultDiv.innerHTML = "" + amount + " " + fromCurrency + " is approximately " + formattedAmount + " " + toCurrency;
}