Cross rate through the euro
If €1 = $1.10 and €1 = ₹100, then $1 = ₹100 ÷ 1.10 = ₹90.91. $500 is ₹45,455 at the reference rate.
Currency converter
Where the exchange rates come from
The converter uses the European Central Bank's euro reference rates. The ECB publishes them on working days at about 16:00 Central European Time. They are mid-market rates: halfway between what banks pay and what they charge. Rates between two non-euro currencies, such as INR to USD, are worked out through the euro, so the result can differ slightly from a direct quote.
The rate you actually get will be worse. Card networks, banks and airport counters add a margin, often 1% to 3% on cards and more for cash. Some terminals offer to charge you in your home currency. That is dynamic currency conversion, and it usually costs more than paying in the local currency. ECB rates are for information. Use the rate your provider shows for anything you are about to pay.
For prices abroad, convert first and then deal with tax and tips. The VAT calculator removes tax from a local price, and the tip calculator covers local tipping. To compare value over time, the inflation calculator adjusts for price rises. For a German job offer, the Brutto-Netto-Rechner gives the net pay before you convert it. To check how much a rate moved, use percentage change.
Sources
What this calculator does not account for
- Bank or card margins and transfer fees.
- Rates that move during the day; reference rates are published once a day.
How this is calculated
Formula: Cross rate
converted =amount × rate(to) ÷ rate(from)What the symbols mean
- rateUnits of each currency per one unit of the base, from the Frankfurter API (ECB data).
Good to know
- Rates do not move on weekends or ECB holidays.
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Worked examples
Each example is worked out by the same code as the calculator above.
The cost of a card margin
On a ₹45,455 card payment, a 2.5% margin adds ₹1,136. That is the gap between this page and your statement.
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<iframe src="/embed/currency-converter" title="Currency converter" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>Questions
Is this the rate my bank will give me?
No. It is the mid-market reference rate. Banks, cards and remittance apps add a margin, often 1–3%.
How often are rates updated?
Once per working day, after the European Central Bank publishes its reference rates.
Which currencies are included?
The roughly 30 currencies the ECB publishes, including USD, EUR, GBP, INR, JPY, AUD, CAD, CHF, CNY and SGD.
Why is my bank's rate different?
Banks and card networks add a margin to the mid-market rate. ECB reference rates have no margin and are published once a day.
When are the rates updated?
Around 16:00 CET on TARGET working days. There are no rates on weekends or ECB holidays, so the last working day's rate is shown.
Should I pay in my home currency abroad?
Usually not. Dynamic currency conversion at the terminal tends to use a worse rate than your card network.