SWIFT Code Checker

Check and Find SWIFT / BIC code or any other data of ANY bank in the world

Currency Converter Calculator 2020-09-24T14:55:09+00:00

Currency Converter Calculator


Euro To United States Dollor

Quickly and easily calculate foreign exchange rates with this free currency convertor

=

 

Need to Convert Money?

Looking for the best money converter chart? Use our new money converter table that provides you with all the currency exchange information and live currency rates.

What is a Money Converter?

Currency converter software code lets you convert one currency into another instantly, search historic currency exchange rates and check the value of about 160 currencies. The code can be integrated into a website or form a mobile app that provides currency exchange rates according to the current market or bank.

How to Use a Currency Converter Tool?

  • Access the currency converter website or mobile app
  • Enter the amount and currency you want to convert
  • Select one or more other target currencies.
  • The application software will calculate the value of your money compared to the selected target currencies and display the currency exchange.

Why Use a Currency Converter?

Currency converters are a necessary tool for anyone in business. Using a currency converter, you can get real-time information on the currency market or bank exchange rates. The currency information is automatically updated whenever the value of a currency changes by connecting to the database of live currency exchange rates. Whether the currency value changes every few hours or every second, the currency converter will always have the latest rates. Use a currency converter to calculate the value of approximately 160 currencies; check historical exchange rates; see the closing rate of the previous day and the highest and lowest rates. All currency exchange rates are displayed in an easy-to-read chart. With our currency converter, you have instant access to live currency rates 24/7.

 

Check Currency Exchange Rates Now:

  • Convert EUR to USD
  • Convert USD to GBP
  • Convert USD to AUD
  • Convert AUD to USD
  • Check the exchange rates of approximately 160 currencies
  • Check all historic exchange rates
  • Check live current exchange rates updated as they happen

All You Need to Know about Currency Conversion for Business

If your business has incoming and outgoing funds from across the globe then you need an accurate, efficient, user-friendly and fast currency conversion tool like the Money Gate Currency Calculator. We can show you how to get top fees and spreads for money exchange and SWIFT transactions.

Why are Exchange Rates Critical for Businesses?

A business with regular incoming and outgoing funds in multiple currencies will be impacted by the exchange rate. Companies involved in international trade are most effected by currency value fluctuation. If the exchange rate is to your advantage you could increase your profit margin with little effort but if exchange rates are not in your favor profits can drop. Exchange rate volatility can be dangerous for a business and can affect how and where they trade. It helps to use a currency calculator that is accurate, easy to convert, comprehensive, and available at the click of a mouse. Whether you are paying international suppliers or receiving payments from clients in a foreign currency, exchange rates are an important part of international transactions.

How Can the Exchange Rate Affect a Business?

There are significant ways that the exchange rate can affect a business and ultimately impact business profits. Exchange rates can fluctuate because of changing interest rates, economic growth and even political situations or natural disasters. For companies doing business internationally a change in the exchange rate means adjusted production costs. If a business imports or exports goods, an altered exchange rate could mean a bigger profit or devastating losses without ever changing your prices. Exchange rates can drastically impact international company acquisitions or mergers. Overnight a company can become a valuable asset or not depending on the fluctuating currency value and exchange rate. Exchange rates can affect how and where a company does business.

 

How are Exchange Rates Used by International Businesses?

In today’s world international business is commonplace.  International trade is taken for granted and payment is frequently made to a business in a foreign country. This means that funds leave the buyer’s account in one currency and need to arrive in the seller’s account in a different currency. For example, when someone in the US buys electrical goods from a company in Germany the goods need to be shipped from Germany to the US and the payment needs to move from the US to Germany. In other words, from US dollars to euro. Completing such a transaction involves buying and selling currencies so that the buyer can pay in US dollars and the seller will receive payment in euro. Currency exchange and exchange rates are most important for companies buying or selling to businesses in countries with a different local foreign currency. Another example is when a company in the UK needs to purchase supplies from China. The supplier in China will send an invoice in CNY and the UK company will need to make a currency exchange from GBP to CNY to complete the purchase. The UK company will have to sell GBP and buy CNY, then transfer the funds. This makes the exchange rate a pivotal detail that can greatly affect the viability of a deal.

Imports, Exports and Exchange Rates?

“Exports” refers to goods or services that are sold to a client in a foreign country. “Imports” refers to goods or services that are bought from a client in a foreign country. When payment is received for exported goods money enters the country and when payment is made for imported goods money leaves the country. In both cases, if the country’s do not share the same currency, an exchange rate for currency conversion will be of extreme importance. 

What is the Exchange Rate?

The exchange rate refers to the value of one currency versus the value of another currency.  When you exchange currencies, you are basically buying one currency with another. For example, if you were to buy dollars with 100 GBP, and the value of the GBP vs. USD was £1 = $1.30 you would get $130. The amount of one currency that you need to give to acquire another currency is the exchange rate. The value of a currency can fluctuate for many reasons causing the exchange rate to change on a regular basis. The exchange rate can affect stakeholders, product prices, manufacturing costs and the choices businesses make.  A strengthened currency means that it can now buy more of another currency than it could before. A weakened currency means that the currency has devalued and can now buy less of the other currency than it could before.

Why Do Exchange Rates Change?

Exchange rates fluctuate based on supply and demand for that currency in world currency markets. Everyday billions of dollars are traded for other currencies in the world’s international markets. Specialist foreign exchange traders buy and sell currencies on behalf of banks like JP Morgan, businesses, hedge funds and individuals. The currency market is the largest investment market in the world and the most liquid asset market, trading 24/7. A high demand for a currency or a short supply of that currency will increase its value and exchange rate. In addition to supply and demand, exchange rates can change because of inflation; interest rates; national debt; geopolitical stability in a country and economic performance. If a country spends more of its currency on importing goods than it earns in export sales, then the exchange value of that currency can depreciate. Speculation can also cause a currency’s value to change. If the currency is expected to rise, the currency will be in high demand and lead to a favourable exchange rate.

Need to Convert Money? 

Looking for the best money converter chart? Use our new money converter table that provides you with all the currency exchange information and live currency rates.

What is a Money Converter?

Currency converter software code lets you convert one currency into another instantly, search historic currency exchange rates and check the value of about 160 currencies. The code can be integrated into a website or form a mobile app that provides currency exchange rates according to the current market or bank.

How to Use a Currency Converter Tool? 

  • Access the currency converter website or mobile app
  • Enter the amount and currency you want to convert
  • Select one or more other target currencies.
  • The application software will calculate the value of your money compared to the selected target currencies and display the currency exchange.

Why Use a Currency Converter?

Currency converters are a necessary tool for anyone in business. Using a currency converter, you can get real-time information on the currency market or bank exchange rates. The currency information is automatically updated whenever the value of a currency changes by connecting to the database of live currency exchange rates. Whether the currency value changes every few hours or every second, the currency converter will always have the latest rates. Use a currency converter to calculate the value of approximately 160 currencies; check historical exchange rates; see the closing rate of the previous day and the highest and lowest rates. All currency exchange rates are displayed in an easy-to-read chart. With our currency converter, you have instant access to live currency rates 24/7.

 

Check Currency Exchange Rates Now:

  • Convert EUR to USD
  • Convert USD to GBP
  • Convert USD to AUD
  • Convert AUD to USD
  • Check the exchange rates of approximately 160 currencies
  • Check all historic exchange rates
  • Check live current exchange rates updated as they happen
WhatsApp chat