Www.x-rates.com Calculator

by

Currency Converter

USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CNY – Chinese Yuan INR – Indian Rupee
USD – United States Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen CAD – Canadian Dollar AUD – Australian Dollar CNY – Chinese Yuan INR – Indian Rupee

Understanding Currency Conversion

Currency conversion is the process of exchanging one currency for another. This is a fundamental aspect of international trade, travel, and investment. The value of one currency relative to another is determined by fluctuating exchange rates, which are influenced by a complex interplay of economic factors such as inflation, interest rates, political stability, and market speculation.

Online currency converters, like the one above, use real-time or near real-time exchange rate data sourced from financial markets. This allows individuals and businesses to quickly ascertain the equivalent value of a sum in a different currency. For example, if you are planning a trip to Europe and want to know how much your 100 US Dollars would be worth in Euros, or if you are an importer needing to pay a supplier in Japanese Yen, a currency converter provides an immediate estimate.

It's important to note that the rates displayed by converters are often mid-market rates, which are the average between buying and selling rates. When you actually exchange currency, especially through banks or exchange bureaus, you may encounter slightly different rates due to transaction fees or the spread between buying and selling prices.

How this calculator works:

This calculator takes an 'Amount' in a specified 'From Currency' and converts it into the equivalent value in a 'To Currency'. It relies on underlying exchange rate data to perform this calculation.

Example:

Let's say you have 150.00 USD and you want to convert it to GBP. If the current exchange rate is 1 USD = 0.80 GBP, then:
150.00 USD * 0.80 GBP/USD = 120.00 GBP
So, 150.00 US Dollars would be approximately 120.00 British Pounds.

var exchangeRates = { "USD": { "EUR": 0.93, "GBP": 0.80, "JPY": 150.50, "CAD": 1.37, "AUD": 1.53, "CNY": 7.23, "INR": 83.40 }, "EUR": { "USD": 1.07, "GBP": 0.86, "JPY": 161.80, "CAD": 1.47, "AUD": 1.64, "CNY": 7.78, "INR": 89.70 }, "GBP": { "USD": 1.25, "EUR": 1.16, "JPY": 187.50, "CAD": 1.71, "AUD": 1.91, "CNY": 9.05, "INR": 104.30 }, "JPY": { "USD": 0.0066, "EUR": 0.0062, "GBP": 0.0053, "CAD": 0.0091, "AUD": 0.0101, "CNY": 0.048, "INR": 0.55 }, "CAD": { "USD": 0.73, "EUR": 0.68, "GBP": 0.58, "JPY": 109.50, "AUD": 1.11, "CNY": 5.28, "INR": 60.80 }, "AUD": { "USD": 0.65, "EUR": 0.61, "GBP": 0.52, "JPY": 98.50, "CAD": 0.90, "CNY": 4.73, "INR": 54.60 }, "CNY": { "USD": 0.14, "EUR": 0.13, "GBP": 0.11, "JPY": 21, "CAD": 0.19, "AUD": 0.21, "INR": 17.70 }, "INR": { "USD": 0.012, "EUR": 0.011, "GBP": 0.0096, "JPY": 1.83, "CAD": 0.021, "AUD": 0.024, "CNY": 0.056 } }; function convertCurrency() { var amountInput = document.getElementById("amount"); var fromCurrency = document.getElementById("fromCurrency").value; var toCurrency = document.getElementById("toCurrency").value; var resultDiv = document.getElementById("result"); var amount = parseFloat(amountInput.value); if (isNaN(amount) || amount <= 0) { resultDiv.innerHTML = "Please enter a valid positive amount."; return; } if (fromCurrency === toCurrency) { resultDiv.innerHTML = "" + amount.toFixed(2) + " " + fromCurrency + " is equal to " + amount.toFixed(2) + " " + toCurrency + ""; return; } var rate; if (exchangeRates[fromCurrency] && exchangeRates[fromCurrency][toCurrency]) { rate = exchangeRates[fromCurrency][toCurrency]; } else { resultDiv.innerHTML = "Exchange rate not available for this conversion."; return; } var convertedAmount = amount * rate; resultDiv.innerHTML = "" + amount.toFixed(2) + " " + fromCurrency + " is equal to " + convertedAmount.toFixed(2) + " " + toCurrency + ""; }

Leave a Comment