Currency Converter (Exchange Rate Calculator)

Currency Converter




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Answer:

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Rates updated Sat, 23 July 2016 2:51 PM 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 23 July 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
1.4717
BGN
1.9558
BRL
3.6138
CAD
1.4436
CHF
1.0860
CNY
7.3500
DKK
7.4390
GBP
0.84108
HKD
8.5420
HRK
7.4863
HUF
313.34
IDR
14445.45
ILS
4.2232
INR
73.8783
JPY
116.86
KRW
1251.19
MXN
20.4913
MYR
4.4696
NOK
9.3847
NZD
1.5748
PHP
51.836
PLN
4.3554
RON
4.4609
RUB
71.0806
SEK
9.4979
SGD
1.4934
THB
38.463
TRY
3.3560
ZAR
15.6920
 

Cite this content, page or calculator as:

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