USD – United States Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
AUD – Australian Dollar
CAD – Canadian Dollar
CHF – Swiss Franc
CNY – Chinese Yuan
SEK – Swedish Krona
NZD – New Zealand Dollar
USD – United States Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
AUD – Australian Dollar
CAD – Canadian Dollar
CHF – Swiss Franc
CNY – Chinese Yuan
SEK – Swedish Krona
NZD – New Zealand Dollar
function convertCurrency() {
var amountToConvert = parseFloat(document.getElementById("amountToConvert").value);
var sourceCurrency = document.getElementById("sourceCurrency").value;
var targetCurrency = document.getElementById("targetCurrency").value;
var resultDisplay = document.getElementById("result");
resultDisplay.innerHTML = ""; // Clear previous results
if (isNaN(amountToConvert) || amountToConvert <= 0) {
resultDisplay.innerHTML = "Please enter a valid amount to convert.";
return;
}
// In a real-world scenario, you would fetch live exchange rates from an API.
// For this example, we'll use a fixed set of hypothetical rates relative to USD.
var exchangeRates = {
"USD": 1.0000,
"EUR": 0.9200, // 1 USD = 0.92 EUR
"GBP": 0.7900, // 1 USD = 0.79 GBP
"JPY": 150.00, // 1 USD = 150 JPY
"AUD": 1.5200, // 1 USD = 1.52 AUD
"CAD": 1.3600, // 1 USD = 1.36 CAD
"CHF": 0.9000, // 1 USD = 0.90 CHF
"CNY": 7.2000, // 1 USD = 7.20 CNY
"SEK": 10.5000, // 1 USD = 10.50 SEK
"NZD": 1.6400 // 1 USD = 1.64 NZD
};
// Convert source currency to USD first, then to target currency
var amountInUSD = amountToConvert / exchangeRates[sourceCurrency];
var convertedAmount = amountInUSD * exchangeRates[targetCurrency];
// Format the result to 2 decimal places
var formattedAmount = convertedAmount.toFixed(2);
resultDisplay.innerHTML = amountToConvert + " " + sourceCurrency + " is equal to " + formattedAmount + " " + targetCurrency;
}
Understanding Currency Exchange Rates
Currency exchange rates are fundamental to international trade, travel, and investment. They represent the value of one country's currency in relation to another. These rates are not static; they fluctuate constantly due to a myriad of economic, political, and social factors.
Factors Influencing Exchange Rates:
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 rates tend to see their currency appreciate as their purchasing power increases relative to other currencies.
Economic Performance: Strong economic growth, low unemployment, and a stable political environment generally lead to a stronger currency.
Trade Balances: A country with a trade surplus (exports more than it imports) typically sees its currency strengthen.
Speculation: Market participants' expectations about future currency movements can significantly influence current exchange rates.
How Exchange Rates Work:
When you convert one currency to another, you are essentially exchanging your money for a different currency based on the prevailing market rate. The "X Rates Currency Converter" calculator simplifies this process. It takes the amount you wish to convert, your starting currency (source currency), and your desired currency (target currency), and then uses pre-defined (or ideally, live) exchange rates to calculate the equivalent amount.
Example Usage:
Let's say you have 1000 Japanese Yen (JPY) and you want to know how much that is in Australian Dollars (AUD). Using the calculator, you would input:
Amount to Convert: 1000
From Currency: JPY
To Currency: AUD
Based on hypothetical rates where 1 USD = 150 JPY and 1 USD = 1.52 AUD, the calculation would be:
So, 1000 JPY would be approximately 10.14 AUD. The calculator automates these steps for speed and accuracy, providing instant results for your currency conversion needs.