var exchangeRates = {
"USD": {
"EUR": 0.93, "GBP": 0.79, "JPY": 157.40, "AUD": 1.50, "CAD": 1.37, "CHF": 0.89, "CNY": 7.24, "SEK": 10.63, "NZD": 1.63
},
"EUR": {
"USD": 1.08, "GBP": 0.85, "JPY": 169.30, "AUD": 1.61, "CAD": 1.47, "CHF": 0.96, "CNY": 7.79, "SEK": 11.45, "NZD": 1.75
},
"GBP": {
"USD": 1.27, "EUR": 1.18, "JPY": 200.00, "AUD": 1.90, "CAD": 1.73, "CHF": 1.13, "CNY": 9.18, "SEK": 13.49, "NZD": 2.06
},
"JPY": {
"USD": 0.0064, "EUR": 0.0059, "GBP": 0.0050, "AUD": 0.0095, "CAD": 0.0087, "CHF": 0.0057, "CNY": 0.046, "SEK": 0.068, "NZD": 0.10
},
"AUD": {
"USD": 0.67, "EUR": 0.62, "GBP": 0.53, "JPY": 105.60, "CAD": 0.91, "CHF": 0.59, "CNY": 4.83, "SEK": 7.09, "NZD": 1.08
},
"CAD": {
"USD": 0.73, "EUR": 0.68, "GBP": 0.58, "JPY": 116.10, "AUD": 1.10, "CHF": 0.65, "CNY": 5.31, "SEK": 7.79, "NZD": 1.19
},
"CHF": {
"USD": 1.12, "EUR": 1.04, "GBP": 0.88, "JPY": 178.00, "AUD": 1.68, "CAD": 1.53, "CNY": 6.06, "SEK": 8.92, "NZD": 1.35
},
"CNY": {
"USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 21.80, "AUD": 0.21, "CAD": 0.19, "CHF": 0.16, "SEK": 1.47, "NZD": 0.22
},
"SEK": {
"USD": 0.094, "EUR": 0.087, "GBP": 0.074, "JPY": 14.70, "AUD": 0.14, "CAD": 0.13, "CHF": 0.11, "CNY": 0.68, "NZD": 0.15
},
"NZD": {
"USD": 0.61, "EUR": 0.57, "GBP": 0.49, "JPY": 122.40, "AUD": 0.93, "CAD": 0.85, "CHF": 0.56, "CNY": 4.58, "SEK": 6.68
}
};
function calculateConversion() {
var amount = parseFloat(document.getElementById("amountToConvert").value);
var fromCurrency = document.getElementById("fromCurrency").value;
var toCurrency = document.getElementById("toCurrency").value;
var resultElement = document.getElementById("conversionResult");
if (isNaN(amount) || amount <= 0) {
resultElement.innerHTML = "Please enter a valid positive amount.";
return;
}
if (fromCurrency === toCurrency) {
resultElement.innerHTML = amount.toFixed(2) + " " + fromCurrency + " is equal to " + amount.toFixed(2) + " " + toCurrency;
return;
}
var rate = exchangeRates[fromCurrency][toCurrency];
if (rate === undefined) {
resultElement.innerHTML = "Exchange rate not available for the selected currencies.";
return;
}
var convertedAmount = amount * rate;
resultElement.innerHTML = amount.toFixed(2) + " " + fromCurrency + " is equal to " + convertedAmount.toFixed(2) + " " + toCurrency;
}
.currency-calculator-wrapper {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 500px;
margin: 20px auto;
background-color: #f9f9f9;
}
.currency-calculator-wrapper h2 {
text-align: center;
margin-bottom: 20px;
color: #333;
}
.input-group {
margin-bottom: 15px;
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 8px;
font-weight: bold;
color: #555;
}
.input-group input[type="number"],
.input-group select {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
}
.currency-calculator-wrapper button {
width: 100%;
padding: 12px 20px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 18px;
cursor: pointer;
transition: background-color 0.3s ease;
}
.currency-calculator-wrapper button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 20px;
padding: 15px;
background-color: #e9ecef;
border: 1px solid #ced4da;
border-radius: 4px;
text-align: center;
font-size: 18px;
color: #333;
}
Understanding Exchange Rates and Currency Conversion
In today's globalized world, understanding and performing currency conversions is an essential skill for travelers, businesses, and even individuals managing international finances. The value of one country's currency in relation to another's is known as the exchange rate. These rates are constantly fluctuating due to a multitude of economic, political, and social factors.
What are Exchange Rates?
An exchange rate represents the price of one currency in terms of another. For example, if the exchange rate between the US Dollar (USD) and the Euro (EUR) is 1 USD = 0.93 EUR, it means that one US Dollar can be exchanged for 0.93 Euros. Conversely, 1 EUR would be equal to approximately 1.08 USD.
Factors Influencing Exchange Rates
Several key factors influence how currency exchange rates move:
- Interest Rates: Higher interest rates in a country can attract foreign investment, increasing demand for its currency and thus strengthening its value.
- Inflation Rates: Countries with lower inflation rates tend to see their currency appreciate relative to countries with higher inflation.
- Economic Performance: Strong economic growth, low unemployment, and political stability generally make a country's currency more attractive to investors.
- Government Debt: High levels of national debt can devalue a currency.
- Trade Balances: A country with a significant trade surplus (exports greater than imports) may see its currency strengthen.
- Speculation: Traders and investors often buy or sell currencies based on their expectations of future movements, which can significantly impact short-term rates.
How to Use a Currency Exchange Calculator
Our currency exchange calculator simplifies the process of converting one currency to another. To use it:
- Enter the Amount: Input the quantity of money you wish to convert into the "Amount to Convert" field.
- Select 'From' Currency: Choose the currency you are converting from in the "From Currency" dropdown menu.
- Select 'To' Currency: Select the currency you want to convert to in the "To Currency" dropdown menu.
- Click 'Convert': Press the "Convert" button.
The calculator will then display the converted amount in your desired currency, using current (or indicative) exchange rates. For instance, if you want to know how much 100 US Dollars is in Japanese Yen, you would enter '100' for the amount, select 'USD' as the 'From' currency, and 'JPY' as the 'To' currency. The result might show something like "100.00 USD is equal to 15740.00 JPY" (based on an illustrative rate of 1 USD = 157.40 JPY).
When is Currency Conversion Important?
- Travel: When traveling abroad, you'll need to exchange your home currency for the local currency.
- International Business: Companies involved in import/export or international services must manage transactions in multiple currencies.
- Online Shopping: Purchasing goods from international websites often involves currency conversion.
- Investments: Investing in foreign stocks, bonds, or real estate requires dealing with different currencies.
By using a reliable currency exchange calculator, you can quickly get an estimate of how much your money is worth in another currency, helping you make informed decisions in financial matters that span across borders.