What does this tool do?
Exchange costs come from a percentage commission, a flat fee or both, and the effective rate shows the real price you pay. This calculator deducts the fees and reports the amount received and the effective exchange rate.
The Formula
Fee = Amount × Fee % + Flat fee; Received = (Amount − Fee) × RateFrequently Asked Questions
What is an effective exchange rate?
It is the rate you actually get after all fees: the amount received divided by the amount exchanged. Comparing effective rates is the fairest way to compare providers.
Is a percentage fee better than a flat fee?
A flat fee is cheaper for large transfers, while a percentage fee is cheaper for small amounts. Compare the total cost for the amount you plan to exchange.