Currency Converter (Exchange Rate Calculator)

Currency Converter




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Answer:

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Rates updated Wed, 24 August 2016 11:13 AM EDT

Exchange Rate Calculation Source: European Central Bank

Euro foreign exchange reference rates Quote: "The reference rates are usually updated by 3 p.m. C.E.T. They are based on a regular daily concertation procedure between central banks across Europe and worldwide, which normally takes place at 2.15 p.m. CET."

The reference rates used on this website are usually updated by 10:00 AM EDT which is shortly after 3:00 PM CET (1 hour).

These rates can be used for reference, say, for calculating currency exchange when traveling. For more exact daily market and investing rates you might try http://www.xe.com/.  For a greater number of available currencies try Google Currency Converter.

Converting from one currency to another is done by a ratio calculation using the starting value and the Euro Exchange Rates below for the currencies being compared. Converting from Currency 1 to Currency 2 we state: Value in Currency 1 is to Value in Currency 2 as Rate in Currency 1 is to Rate in Currency 2.

ValueCurrency1 / ValueCurrency2 = RateCurrency1 / RateCurrency2, solving for ValueCurrency2

ValueCurrency2 = ValueCurrency1 * RateCurrency2 / RateCurrency1

Example, 100.00 HKD Hong Kong Dollar is how much USD United States Dollar? Let's assume our daily rates are HKD = 9.53 EUR and USD = 1.23 EUR. Converting we use:

ValueCurrency2 = ValueCurrency1 * RateCurrency2 / RateCurrency1 = 100.00 * 1.23 / 9.53 = 12.907 USD.

Euro (base currency) exchange reference rates as of 24 August 2016.

Click on a currency name to get a table of exchange rates into and out of that currency.

Code
Name
1 Euro
Exchange Rate
AUD
1.4782
BGN
1.9558
BRL
3.6463
CAD
1.4581
CHF
1.0891
CNY
7.5013
DKK
7.4432
GBP
0.85130
HKD
8.7370
HRK
7.4920
HUF
309.99
IDR
14969.54
ILS
4.2506
INR
75.6268
JPY
112.95
KRW
1264.96
MXN
20.8945
MYR
4.5537
NOK
9.2460
NZD
1.5400
PHP
52.396
PLN
4.3039
RON
4.4597
RUB
73.0561
SEK
9.4545
SGD
1.5257
THB
39.013
TRY
3.3290
ZAR
15.9380
 

Cite this content, page or calculator as:

Furey, Edward "Currency Converter" From http://www.CalculatorSoup.com - Online Calculator Resource.