Foreign Exchange (FX) rates, also known as currency exchange rates, are crucial for international trade, travel, and investment. An FX exchange rate represents the value of one currency in relation to another. For example, if the exchange rate between the US Dollar (USD) and the Euro (EUR) is 0.92, it means that 1 US Dollar is equivalent to 0.92 Euros.
This FX Exchange Rate Calculator helps you quickly convert an amount from one currency to another using the prevailing exchange rate. Simply enter the amount you wish to convert, the currency you are converting from (base currency), the currency you are converting to (target currency), and the current exchange rate.
The calculation is straightforward:
Converted Amount = Amount to Convert × Exchange Rate
For instance, if you want to convert 100 US Dollars to Euros and the exchange rate is 0.92 EUR per USD, the calculation would be: 100 USD × 0.92 EUR/USD = 92 EUR.
It's important to note that exchange rates fluctuate constantly due to various economic and political factors. The rates used for transactions often include a small spread or fee charged by financial institutions. For real-time, highly accurate rates, it's advisable to consult a reliable financial data provider or your bank.
function calculateExchange() {
var amountToConvertInput = document.getElementById("amountToConvert");
var baseCurrencyInput = document.getElementById("baseCurrency");
var targetCurrencyInput = document.getElementById("targetCurrency");
var exchangeRateInput = document.getElementById("exchangeRate");
var resultDiv = document.getElementById("result");
var amountToConvert = parseFloat(amountToConvertInput.value);
var baseCurrency = baseCurrencyInput.value.trim().toUpperCase();
var targetCurrency = targetCurrencyInput.value.trim().toUpperCase();
var exchangeRate = parseFloat(exchangeRateInput.value);
resultDiv.innerHTML = ""; // Clear previous result
if (isNaN(amountToConvert) || amountToConvert < 0) {
resultDiv.innerHTML = "Please enter a valid positive number for the amount to convert.";
return;
}
if (baseCurrency === "") {
resultDiv.innerHTML = "Please enter the base currency code (e.g., USD).";
return;
}
if (targetCurrency === "") {
resultDiv.innerHTML = "Please enter the target currency code (e.g., EUR).";
return;
}
if (isNaN(exchangeRate) || exchangeRate <= 0) {
resultDiv.innerHTML = "Please enter a valid positive exchange rate.";
return;
}
var convertedAmount = amountToConvert * exchangeRate;
resultDiv.innerHTML = amountToConvert + " " + baseCurrency + " is equal to " + convertedAmount.toFixed(2) + " " + targetCurrency;
}