Currency Converter
Convert an amount with daily central bank rates, or turn a supplier quote in a foreign currency into your cost per unit.
- Exchange rate
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How to use the currency converter
- Pick Convert, type an amount and choose the two currencies. Use Swap to flip the direction.
- For a quote from a supplier, switch to Supplier quote and enter the price per unit, the quantity, freight and fees, and your import duty rate.
- Read the landed cost per unit in your own currency and use that number when you set your selling price.
How the conversion works
Rates come from the European Central Bank reference rates, published once each working day. Your bank or payment provider will add a spread, so the amount that leaves your account is usually 1% to 3% higher than the reference rate.
Example
A supplier quotes 6.50 EUR per unit for 400 units. At a rate of 1.62 that is 10.53 per unit, so goods are worth 4,212. Duty at 5% adds 210.60 and freight and fees add 900, giving a landed cost of 13.31 per unit.
Why the rate you get is not the rate you see
Central bank reference rates are the midpoint of the market. Banks, card networks and payment providers buy and sell around that midpoint, so you pay a little more when you buy foreign currency and receive a little less when you sell it. Budget for that spread instead of pricing off the mid rate.
Locking a rate for a purchase order
Rates move a few percent in a month, which is enough to wipe out a thin margin on a large order. If you pay a deposit now and the balance on shipment, price the order with a slightly worse rate than today's, or ask your bank about a forward contract for big purchase orders.
Frequently asked questions
Where do the rates come from?
The European Central Bank daily reference rates. The date shown under the result tells you which day's rates you are using.
How often are the rates updated?
The ECB publishes once every working day, and this page refreshes several times a day, so there are no updates on weekends or public holidays.
Will my bank give me this rate?
No. Expect a spread of roughly 1% to 3% on top, plus any fixed transfer fee.
What does supplier quote mode do?
It converts the quote, adds import duty and freight, then divides by quantity so you get your true cost per unit in your own currency.
Can I use this for accounting?
For estimates, yes. For bookkeeping, use the rate your bank actually applied or the official rate your tax authority requires.
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