Currency Converter
Convert between major currencies. Enter exchange rates manually and convert in both directions.
Exchange Rate Reference
📖 How to Use
- Select the source and target currencies
- Enter the exchange rate manually or use quick rate buttons
- Enter the amount to convert - calculation is automatic
- Bidirectional input supported (enter in either field)
- Use the swap button to reverse the conversion direction
✨ Features
- ✓8 major currencies supported (USD, EUR, JPY, CNY, KRW, GBP, AUD, CAD)
- ✓Manual exchange rate input
- ✓Bidirectional conversion (enter in From or To field)
- ✓Quick currency pair swap
- ✓Common exchange rate pairs for reference
- ✓Automatic decimal place handling per currency
📐 Formula
Converted Amount = Principal × Exchange Rate💡 How It Works
- •Exchange rate is the ratio at which one currency can be exchanged for another.
- •Example: If 1 USD = 1,380 KRW, then $100 equals 138,000 KRW.
- •Exchange rates fluctuate in real-time and vary between buying/selling rates.
- •Banks and card companies apply different rates, so check the actual rate for international transactions.
- •When exchanging, consider the spread (buy/sell difference) and fees.
❓ FAQ
Q. Where can I check exchange rates?
A. You can check real-time rates on Google, major bank apps, or financial news sites. This calculator requires manual rate entry.
Q. What is the mid-market rate?
A. The mid-market rate is the interbank rate used between banks. When exchanging, banks add a margin resulting in different buy/sell rates.
Q. What rate applies to international purchases?
A. Card companies typically use Visa/Mastercard international rates plus a fee (1-1.5%). The rate is usually from the settlement date.
Q. Why does JPY have no decimal places?
A. Japanese Yen (JPY) has a small base unit so subunits (sen) are rarely used. Korean Won (KRW) is similar.
Q. Is a higher exchange rate good or bad?
A. It depends on perspective. A higher USD/KRW rate (e.g., 1,400) benefits exporters but is unfavorable for travelers or importers.
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