Currency Exchange Calculator

The buying rate is the price at which the bank purchases foreign currency from you. The selling rate is the price at which the bank sells foreign currency to you. The selling rate is always higher than the buying rate; the difference is the bank's profit margin (spread).

The effective rate is the rate applied in cash foreign currency buy/sell transactions. The exchange rate applies to electronic transfers such as wire transfers. The effective rate is generally slightly higher than the exchange rate.

Check current exchange rates, look at the spread between buying and selling rates, factor in bank commissions, and evaluate the difference between market rates and bank rates.