.exchange-rate-calculator {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 400px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-inputs {
display: grid;
grid-template-columns: 1fr;
gap: 15px;
}
.input-group {
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
color: #333;
}
.input-group input[type="number"],
.input-group select {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
}
button {
background-color: #4CAF50;
color: white;
padding: 12px 20px;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 16px;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #45a049;
}
#result {
margin-top: 20px;
font-size: 18px;
font-weight: bold;
text-align: center;
color: #333;
}
// In a real-world application, you would fetch live exchange rates from an API.
// For this example, we'll use a simplified, static set of rates.
var exchangeRates = {
"USD": {
"EUR": 0.92,
"GBP": 0.79,
"JPY": 150.75,
"CAD": 1.36,
"AUD": 1.52,
"CNY": 7.24
},
"EUR": {
"USD": 1.09,
"GBP": 0.86,
"JPY": 164.12,
"CAD": 1.48,
"AUD": 1.66,
"CNY": 7.88
},
"GBP": {
"USD": 1.27,
"EUR": 1.17,
"JPY": 191.08,
"CAD": 1.73,
"AUD": 1.93,
"CNY": 9.19
},
"JPY": {
"USD": 0.0066,
"EUR": 0.0061,
"GBP": 0.0052,
"CAD": 0.0088,
"AUD": 0.0098,
"CNY": 0.048
},
"CAD": {
"USD": 0.73,
"EUR": 0.67,
"GBP": 0.58,
"JPY": 113.67,
"AUD": 1.12,
"CNY": 5.33
},
"AUD": {
"USD": 0.66,
"EUR": 0.60,
"GBP": 0.52,
"JPY": 101.52,
"CAD": 0.89,
"CNY": 4.76
},
"CNY": {
"USD": 0.14,
"EUR": 0.13,
"GBP": 0.11,
"JPY": 21.33,
"CAD": 0.19,
"AUD": 0.21
}
};
function calculateExchangeRate() {
var amountInput = document.getElementById("amount");
var fromCurrencySelect = document.getElementById("fromCurrency");
var toCurrencySelect = document.getElementById("toCurrency");
var resultDiv = document.getElementById("result");
var amount = parseFloat(amountInput.value);
var fromCurrency = fromCurrencySelect.value;
var toCurrency = toCurrencySelect.value;
if (isNaN(amount)) {
resultDiv.innerHTML = "Please enter a valid amount.";
return;
}
if (fromCurrency === toCurrency) {
resultDiv.innerHTML = amount.toFixed(2) + " " + fromCurrency;
return;
}
var rate = exchangeRates[fromCurrency] ? exchangeRates[fromCurrency][toCurrency] : null;
if (rate) {
var convertedAmount = amount * rate;
resultDiv.innerHTML = amount.toFixed(2) + " " + fromCurrency + " = " + convertedAmount.toFixed(2) + " " + toCurrency;
} else {
resultDiv.innerHTML = "Exchange rate not available for selected currencies.";
}
}
Understanding and Using an Exchange Rate Calculator
Exchange rates are the values of one country's currency for the purpose of conversion to another country's currency. They are crucial for international trade, travel, and investment. A currency exchange rate calculator is a tool that simplifies the process of converting one currency to another, providing real-time or near-real-time conversion values.
How Exchange Rates Work
The value of a currency is influenced by various factors, including:
- Economic Stability: Countries with strong and stable economies tend to have stronger currencies.
- Interest Rates: Higher interest rates can attract foreign capital, increasing demand for the currency.
- Inflation: High inflation erodes the purchasing power of a currency, often leading to a weaker exchange rate.
- Political Stability: Political unrest or uncertainty can devalue a currency.
- Trade Balance: A country that exports more than it imports typically sees its currency appreciate.
Exchange rates fluctuate constantly in the foreign exchange market (Forex). The rates you see on a calculator are usually indicative and may differ slightly from the actual rate you get when performing a transaction, especially when involving banks or currency exchange services which may add their own fees or spreads.
Using the Exchange Rate Calculator
Our Exchange Rate Calculator is designed for simplicity and ease of use. Follow these steps:
- Enter the Amount: Input the numerical value of the currency you wish to convert in the 'Amount' field.
- Select 'From' Currency: Choose the currency you are starting with from the 'From Currency' dropdown menu.
- Select 'To' Currency: Choose the currency you want to convert to from the 'To Currency' dropdown menu.
- Click 'Convert': Press the 'Convert' button to see the calculated equivalent amount in the target currency.
The calculator will then display the result, showing how much of the target currency you would receive for the specified amount of the original currency, based on the current exchange rates.
Example Scenario
Let's say you are planning a trip to Japan and want to know how much Japanese Yen (JPY) you would get for 500 US Dollars (USD). Using the calculator:
- Enter 500 in the 'Amount' field.
- Select USD from the 'From Currency' dropdown.
- Select JPY from the 'To Currency' dropdown.
After clicking 'Convert', the calculator might display:
500.00 USD = 75,375.00 JPY (Based on an illustrative exchange rate of 1 USD = 150.75 JPY).
This helps you budget effectively for your international transactions.