About the Currency Converter
What is the Currency Converter?
Banks and card networks rarely give you the mid-market rate. This currency converter applies your rate and a markup to show what you actually receive.
Enter today's rate from a live source; the calculator does not fetch rates itself.
How to use the Currency Converter
- Amount (sample: 1,000)
- From Currency Code (sample: USD)
- To Currency Code (sample: INR)
- Exchange Rate (1 unit of "from" = ? "to") (sample: 88)
- Bank / Card Markup (%) (sample: 2)
- Press Convert Currency (results also refresh as you type). The result card shows the Amount You Receive, along with At the mid-market rate, Cost of the markup, Effective rate and Inverse rate.
Formula used
Received = Amount × Rate × (1 − Markup %)
- Rate = units of the target currency per unit of the source
- Markup = the spread your bank or card adds
Worked example
These are the sample values already filled in the calculator above, and the result it returns for them:
| Input | Sample value |
|---|---|
| Amount | 1,000 |
| From Currency Code | USD |
| To Currency Code | INR |
| Exchange Rate (1 unit of "from" = ? "to") | 88 |
| Bank / Card Markup (%) | 2 |
| Result | Value |
|---|---|
| Amount You Receive | 86,240 INR |
| At the mid-market rate | 88,000 INR |
| Cost of the markup | 1,760 INR |
| Effective rate | 86.24 INR per USD |
| Inverse rate | 0.011364 USD per INR |
| Note | Rates move constantly – use a live rate for real transactions |
Tips for using the Currency Converter
- Forex cards and some zero-markup cards save 2–3.5% versus regular debit or credit cards abroad.
- Always choose to be charged in the local currency – dynamic currency conversion adds a hidden markup.