Forex Calculator
Our forex calculator shows the true cost of foreign currency exchange including the spread and any transfer fees. Specialist money transfer services typically offer 1-3% better rates than high-street banks — on a £10,000 transfer that is £100-£300 saved.
Forex / Foreign Exchange Calculator
Compare the true cost of converting currency. See exactly how much you lose to bank margins and transfer fees.
Live mid-market rates fetched from European Central Bank. Actual rates offered by your bank or transfer service will include a margin above the mid-market rate. UK high-street banks typically charge 2–4% above mid-market; specialist FX providers charge 0.3–1.5%.
Enter the currency pair and amount for your transaction. The calculator shows the current mid-market rate and estimates the typical spread charged by different types of provider — banks, online transfer services, and cash bureaux. For regular international transfers, the annual cost difference between using a bank and a specialist transfer service can be significant on moderate transaction sizes. Forward contracts allow you to lock in today’s exchange rate for a future transaction — useful for businesses or individuals with known future foreign currency requirements such as property purchases abroad or regular overseas payments. The forward rate reflects the interest rate differential between the two currencies and may be better or worse than the spot rate depending on the currency pair.