Foreign Exchange Rates Calculator

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Foreign Exchange Rate Calculator

Use this calculator to easily convert amounts between different currencies based on current foreign exchange rates.

United States Dollar (USD) Euro (EUR) British Pound (GBP) Japanese Yen (JPY) Canadian Dollar (CAD) Australian Dollar (AUD) Swiss Franc (CHF) Chinese Yuan (CNY) Swedish Krona (SEK) New Zealand Dollar (NZD) United States Dollar (USD) Euro (EUR) British Pound (GBP) Japanese Yen (JPY) Canadian Dollar (CAD) Australian Dollar (AUD) Swiss Franc (CHF) Chinese Yuan (CNY) Swedish Krona (SEK) New Zealand Dollar (NZD)
.exchange-rate-calculator { font-family: sans-serif; max-width: 500px; margin: 20px auto; padding: 20px; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; } .exchange-rate-calculator h2 { text-align: center; color: #333; margin-bottom: 15px; } .exchange-rate-calculator p { text-align: center; color: #555; margin-bottom: 25px; font-size: 0.95em; } .input-section { display: flex; flex-direction: column; gap: 15px; margin-bottom: 20px; } .input-section label { font-weight: bold; color: #444; margin-bottom: 5px; display: block; } .input-section input[type="number"], .input-section select { width: 100%; padding: 10px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; font-size: 1em; } .input-section button { padding: 12px 18px; background-color: #007bff; color: white; border: none; border-radius: 4px; cursor: pointer; font-size: 1em; transition: background-color 0.3s ease; } .input-section button:hover { background-color: #0056b3; } .result-section { text-align: center; font-size: 1.2em; font-weight: bold; color: #28a745; margin-top: 15px; padding: 10px; background-color: #e9ecef; border-radius: 4px; } .result-section span { font-weight: normal; color: #333; } // This is a simplified example. In a real-world scenario, // you would fetch live exchange rates from an API. // For demonstration, we'll use some hardcoded rates relative to USD. var exchangeRates = { "USD": {"EUR": 0.93, "GBP": 0.79, "JPY": 155.00, "CAD": 1.37, "AUD": 1.52, "CHF": 0.89, "CNY": 7.23, "SEK": 10.75, "NZD": 1.65}, "EUR": {"USD": 1.08, "GBP": 0.85, "JPY": 167.00, "CAD": 1.48, "AUD": 1.64, "CHF": 0.96, "CNY": 7.80, "SEK": 11.55, "NZD": 1.78}, "GBP": {"USD": 1.27, "EUR": 1.18, "JPY": 197.00, "CAD": 1.75, "AUD": 1.94, "CHF": 1.13, "CNY": 9.20, "SEK": 13.60, "NZD": 2.10}, "JPY": {"USD": 0.0064, "EUR": 0.0059, "GBP": 0.0051, "CAD": 0.0088, "AUD": 0.0098, "CHF": 0.0057, "CNY": 0.047, "SEK": 0.069, "NZD": 0.10}, "CAD": {"USD": 0.73, "EUR": 0.68, "GBP": 0.57, "JPY": 113.00, "AUD": 1.11, "CHF": 0.65, "CNY": 5.28, "SEK": 7.85, "NZD": 1.20}, "AUD": {"USD": 0.66, "EUR": 0.61, "GBP": 0.52, "JPY": 102.00, "CAD": 0.90, "CHF": 0.59, "CNY": 4.76, "SEK": 7.08, "NZD": 1.08}, "CHF": {"USD": 1.12, "EUR": 1.04, "GBP": 0.88, "JPY": 130.00, "CAD": 1.53, "AUD": 1.68, "CNY": 6.42, "SEK": 9.60, "NZD": 1.47}, "CNY": {"USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 20.50, "CAD": 0.19, "AUD": 0.21, "CHF": 0.16, "SEK": 1.50, "NZD": 0.23}, "SEK": {"USD": 0.093, "EUR": 0.087, "GBP": 0.074, "JPY": 13.70, "CAD": 0.13, "AUD": 0.14, "CHF": 0.10, "CNY": 0.67, "NZD": 0.15}, "NZD": {"USD": 0.61, "EUR": 0.56, "GBP": 0.48, "JPY": 98.00, "CAD": 1.07, "AUD": 1.17, "CHF": 0.68, "CNY": 4.35, "SEK": 6.55} }; function calculateExchangeRate() { var amount = parseFloat(document.getElementById("amount").value); var fromCurrency = document.getElementById("fromCurrency").value; var toCurrency = document.getElementById("toCurrency").value; var resultDiv = document.getElementById("result"); if (isNaN(amount) || amount <= 0) { resultDiv.innerHTML = "Please enter a valid amount."; return; } if (fromCurrency === toCurrency) { resultDiv.innerHTML = amount + " " + fromCurrency + " is equal to " + amount + " " + toCurrency; return; } var rate = exchangeRates[fromCurrency] ? exchangeRates[fromCurrency][toCurrency] : null; if (rate) { var convertedAmount = amount * rate; // Format to 2 decimal places for most currencies, 0 for JPY var formattedAmount = (toCurrency === "JPY") ? convertedAmount.toFixed(0) : convertedAmount.toFixed(2); resultDiv.innerHTML = amount + " " + fromCurrency + " is equal to " + formattedAmount + " " + toCurrency; } else { resultDiv.innerHTML = "Exchange rate not available for this conversion."; } }

Understanding Foreign Exchange Rates

Foreign exchange rates, often abbreviated as FX rates, represent the value of one country's currency in relation to another's. They are the cornerstone of international trade, investment, and travel. When you exchange money from one currency to another, you are essentially using these rates.

How Exchange Rates Work

Exchange rates are determined by the forces of supply and demand in the global foreign exchange market. Numerous factors influence these rates, including:

  • Interest Rates: Higher interest rates in a country can attract foreign capital, increasing demand for its currency and thus its value.
  • Inflation Rates: Countries with lower inflation tend to see their currencies appreciate against those with higher inflation.
  • Economic Stability and Performance: A strong and stable economy generally leads to a stronger currency.
  • Political Stability: Geopolitical events and political uncertainty can cause currency values to fluctuate significantly.
  • Trade Balances: A country with a trade surplus (exports more than it imports) typically sees its currency strengthen.
  • Speculation: Traders in the forex market buy and sell currencies based on their expectations of future movements, which can also impact rates.

Why Use a Foreign Exchange Calculator?

Navigating international transactions can be complex. A foreign exchange calculator simplifies the process by providing quick and accurate conversions. Whether you're a traveler planning a budget, an online shopper making a purchase from an international retailer, or a business involved in import/export, this tool helps you understand the precise cost or value in your preferred currency.

For instance, if you're planning a trip to Japan and have 1000 Euros, you might want to know how much Japanese Yen you'll receive. Using our calculator, if the EUR to JPY rate is approximately 167.00, your 1000 Euros would convert to roughly 167,000 Japanese Yen. Conversely, if you sold 500 US Dollars and wanted to know how many Canadian Dollars you'd get, with a rate of 1 USD to 1.37 CAD, you would receive approximately 685 Canadian Dollars.

Understanding and utilizing foreign exchange rates effectively is crucial in our interconnected global economy. This calculator serves as a handy tool to demystify currency conversions.

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