Free Currency Conversion Fee calculator with clear step-by-step results.
The advertised fee is rarely the real cost. Marking the mid-market rate down by a spread is a charge that never appears on a statement, so this reconstructs what you would have received at the true rate and reports the gap as the total cost - fees and spread combined.
Rate applied
Applied rate = mid-market rate x (1 - markup)
Total cost
Cost = amount x mid rate - amount received, restated in source currency
Indicative only. Rates move continuously, and card networks, correspondent banks and receiving institutions may levy further charges that are not visible at the point of sending.
Providers advertising no fee usually widen the rate spread instead. A 2.5% markup on a $2,000 transfer costs $50 - far more than a typical $5 explicit fee.
It is the midpoint between buy and sell prices quoted by any market data source, and it is what a search engine or a rate-tracking site shows by default.