How it works
How the Currency Converter works
Quick answer: To convert currency, multiply the amount by the exchange rate between the two currencies. CrunchBench uses European Central Bank reference rates, which are mid-market rates without a bank or card markup.
Formula
Converted = amount × (rate of target ÷ rate of source)
Rates are quoted against the euro, so cross rates are derived from the two euro rates.
For example, USD to INR uses (INR per EUR) ÷ (USD per EUR).
Assumptions and limits
- Reference rates are for information. Banks, cards, and exchange counters add a spread or fee, so the amount you receive will be lower.
- Rates update on business days and are not live market quotes.
Frequently asked questions
Where do the rates come from?
A dated European Central Bank reference-rate snapshot, labeled on the page.
Are these live market rates?
They are reference rates, not live trading rates; check your provider for the exact rate.
Why is my bank rate different?
Banks and card networks add a markup to the mid-market rate, often 1% to 3%, plus any fixed fees.