.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;
}
.exchange-rate-calculator h2 {
text-align: center;
margin-bottom: 20px;
color: #333;
}
.input-group {
margin-bottom: 15px;
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
color: #555;
}
.input-group input[type="number"],
.input-group select {
padding: 10px;
border: 1px solid #ddd;
border-radius: 4px;
font-size: 16px;
}
.input-group select {
cursor: pointer;
}
.exchange-rate-calculator button {
width: 100%;
padding: 12px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 18px;
cursor: pointer;
transition: background-color 0.3s ease;
}
.exchange-rate-calculator button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 20px;
padding: 15px;
background-color: #e9ecef;
border-radius: 4px;
text-align: center;
font-size: 18px;
color: #333;
min-height: 50px; /* To prevent layout shift */
display: flex;
align-items: center;
justify-content: center;
}
.calculator-result strong {
color: #007bff;
}
function calculateExchange() {
var sendAmount = parseFloat(document.getElementById("sendAmount").value);
var fromCurrency = document.getElementById("fromCurrency").value;
var toCurrency = document.getElementById("toCurrency").value;
if (isNaN(sendAmount) || sendAmount <= 0) {
document.getElementById("result").innerHTML = "Please enter a valid amount.";
return;
}
// — LIVE EXCHANGE RATE SIMULATION —
// In a real application, you would fetch these rates from an API.
// For this example, we'll use a simplified, hardcoded set of rates.
// These rates are NOT real-time and are for demonstration purposes only.
var exchangeRates = {
"USD": {
"EUR": 0.92, "GBP": 0.79, "CAD": 1.37, "AUD": 1.50, "INR": 83.30, "PHP": 58.50, "NGN": 1480.00
},
"EUR": {
"USD": 1.09, "GBP": 0.86, "CAD": 1.49, "AUD": 1.63, "INR": 90.60, "PHP": 63.60, "NGN": 1610.00
},
"GBP": {
"USD": 1.27, "EUR": 1.17, "CAD": 1.74, "AUD": 1.90, "INR": 105.60, "PHP": 74.10, "NGN": 1875.00
},
"CAD": {
"USD": 0.73, "EUR": 0.67, "GBP": 0.57, "AUD": 1.09, "INR": 60.70, "PHP": 42.60, "NGN": 1078.00
},
"AUD": {
"USD": 0.67, "EUR": 0.61, "GBP": 0.53, "CAD": 0.92, "INR": 55.50, "PHP": 39.00, "NGN": 1000.00
},
"INR": {
"USD": 0.012, "EUR": 0.011, "GBP": 0.0095, "CAD": 0.016, "AUD": 0.018, "PHP": 0.70, "NGN": 18.00
},
"PHP": {
"USD": 0.017, "EUR": 0.016, "GBP": 0.014, "CAD": 0.024, "AUD": 0.026, "INR": 1.43, "NGN": 25.30
},
"NGN": {
"USD": 0.00068, "EUR": 0.00062, "GBP": 0.00053, "CAD": 0.00093, "AUD": 0.001, "INR": 0.056, "PHP": 0.039
}
};
var rate = 1; // Default to 1 if currencies are the same
if (fromCurrency !== toCurrency) {
if (exchangeRates[fromCurrency] && exchangeRates[fromCurrency][toCurrency] !== undefined) {
rate = exchangeRates[fromCurrency][toCurrency];
} else if (exchangeRates[toCurrency] && exchangeRates[toCurrency][fromCurrency] !== undefined) {
// If direct rate not found, use inverse
rate = 1 / exchangeRates[toCurrency][fromCurrency];
} else {
document.getElementById("result").innerHTML = "Exchange rate not available for selected currencies.";
return;
}
}
var receivedAmount = sendAmount * rate;
// Simulate a small transfer fee (e.g., 1% or a fixed amount for demonstration)
// WorldRemit fees vary, this is a placeholder.
var transferFee = sendAmount * 0.01; // 1% fee for example
var totalCost = sendAmount + transferFee;
var finalReceived = receivedAmount – (transferFee * rate); // Fee deducted from received amount in destination currency
if (finalReceived < 0) finalReceived = 0; // Ensure it doesn't go below zero
document.getElementById("result").innerHTML =
"You send:
" + sendAmount.toFixed(2) + " " + fromCurrency + "" +
"Exchange Rate:
1 " + fromCurrency + " = " + rate.toFixed(4) + " " + toCurrency + "" +
"Estimated Transfer Fee:
" + transferFee.toFixed(2) + " " + fromCurrency + "" +
"You receive:
" + finalReceived.toFixed(2) + " " + toCurrency + "";
}
Understand WorldRemit Exchange Rates and Fees
Sending money internationally with services like WorldRemit is a convenient way to support loved ones or pay for goods and services abroad. A crucial aspect of these transfers is understanding how exchange rates work and what fees are involved. This calculator is designed to give you an estimate of how much you'll receive based on the amount you send and your chosen currencies.
How Exchange Rates Work with WorldRemit
The exchange rate is the value of one currency for the purpose of trading it for another. When you send money internationally, the amount you send in your local currency is converted into the recipient's currency using a specific exchange rate. WorldRemit, like most money transfer services, will typically apply a rate that might be slightly different from the mid-market rate (the rate you see on Google or financial news sites).
The difference between the mid-market rate and the rate offered by a money transfer service is often where the service makes a profit, alongside any transfer fees. It's essential to compare these rates and fees across different providers to ensure you're getting the best deal.
WorldRemit Transfer Fees
In addition to the exchange rate, WorldRemit may charge a transfer fee. These fees can vary depending on the amount being sent, the currencies involved, the payment method (e.g., bank transfer, card), and the delivery method (e.g., bank deposit, cash pickup). The fee is usually added to the amount you send or deducted from the received amount.
For example, if you send $100 USD to India and the transfer fee is 1%, WorldRemit might charge you $101 USD, or they might deduct the equivalent of $1 USD from the amount that gets converted to Indian Rupees.
Using the WorldRemit Exchange Rate Calculator
Our calculator provides a simplified estimation:
- Amount to Send: Enter the exact amount you wish to transfer from your account in the 'From Currency'.
- From Currency: Select the currency you are sending money from.
- To Currency: Select the currency your recipient will receive.
Upon clicking 'Calculate', the tool will use simulated exchange rates and an estimated transfer fee (e.g., 1% of the sent amount) to show you:
- The exchange rate being used for the calculation.
- The estimated transfer fee in your sending currency.
- The estimated amount your recipient will receive in their local currency.
Important Considerations
- Live Rates: The rates used in this calculator are illustrative and do not reflect real-time, live exchange rates. For the most accurate and up-to-date information, always check the WorldRemit website or app before making a transfer.
- Fee Variations: Actual transfer fees can differ based on the factors mentioned earlier.
- Speed: Delivery times also vary. Some transfers arrive within minutes, while others may take a few business days.
- Limits: There might be minimum and maximum limits for transfers.
By using this calculator, you can gain a better understanding of the potential costs involved in sending money with WorldRemit and make more informed decisions about your international transfers.
Example Calculation
Let's say you want to send 500 British Pounds (GBP) to Nigeria and you want to know how much Nigerian Naira (NGN) your recipient will get. You select 'GBP' as the 'From Currency' and 'NGN' as the 'To Currency', and enter '500' into the 'Amount to Send' field.
Using the simulated rates and a 1% fee:
- Amount to Send: 500.00 GBP
- Simulated Exchange Rate: 1 GBP = 1875.00 NGN (This is an example rate)
- Estimated Transfer Fee: 5.00 GBP (1% of 500 GBP)
- Amount Converted: 495.00 GBP (after fee)
- Estimated Amount Received: 495.00 GBP * 1875.00 NGN/GBP = 928,125.00 NGN
Your recipient would receive approximately 928,125.00 NGN. Always verify these figures on the official WorldRemit platform for an exact quote.