FX Rate Calculator, Including Fees

See exactly how much reaches the recipient after conversion. 38+ currencies. Personal and business rates.

FCA Regulated
38+ Currencies
190+ Countries
Live Rates
Personal & Business
Safeguarded Funds
FX calculator
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What Is an FX Rate Calculator?

An FX rate calculator converts one currency into another using a live or indicative exchange rate, showing you how much a recipient receives after any conversion fee is applied.

Most online calculators display only the mid-market rate: the midpoint between the buy and sell price on global currency markets. This is the rate you see on Google. Banks and most fintechs apply a markup above this rate, the difference is the FX markup, and it reduces how much reaches the recipient.

NOWE's calculator shows both: the indicative mid-market rate and the estimated amount after NOWE's conversion fee, up to 2% for personal accounts and up to 1.5% for business accounts. No hidden spread. What you see is what transfers.

What is NOWE

NOWE Money is a multi-currency fintech platform operated by NOWE Money B.V., registered in Amsterdam, Netherlands (KvK 98048260). It offers personal and business accounts with EU IBANs, SEPA payments, international FX across 190+ countries, and 38+ currencies. Payment services are provided by Equals Money PLC (FCA #900190). KYC takes ~4 minutes; accounts verified within 1 business day.

How to Use the FX
Rate Calculator :

1

Select Your Account Type

Choose Personal or Business. Business accounts use up to 1.5% FX conversion; personal accounts use up to 2%.

2

Enter Your Send Amount & Base Currency

Type the amount you want to send. Select the base currency from the dropdown, the currency you are converting from.

3

Select the Quote Currency

Choose the currency your recipient will receive. The calculator shows the estimated amount using NOWE's indicative rate.

4

Review the Fee Breakdown

The result shows the mid-market rate, NOWE's conversion fee, and the estimated amount the recipient receives, all in one view.

5

Open a NOWE Account

Rates shown are indicative. The rate applied at time of transfer depends on live market conditions.

Understanding FX Rates: What You're Really Paying

The Mid-Market Rate vs What You Actually Pay

  • The mid-market rate, also called the interbank exchange rate, is the fair midpoint between what buyers and sellers pay for a currency on global markets. It is the rate shown on Google, Reuters, and Bloomberg.
  • No one actually transacts at the mid-market rate. Every bank and payment provider applies a markup above it to generate revenue. That markup is the exchange rate spread.
  • At traditional banks, the spread on international transfers is typically 3–5% above the mid-market rate. NOWE Money applies a conversion fee of up to 2% for personal accounts and up to 1.5% for registered business accounts, significantly below the typical bank spread.

Why Does My Exchange Rate Differ from Google's?

  • Google's currency converter shows the mid-market rate, updated in real time. This rate is a reference benchmark, not a tradeable price. When you send money through any bank or fintech, the provider adds their margin above this rate.
  • The gap between the Google rate and what you actually receive is the effective FX cost of the transfer.
  • NOWE's calculator makes this visible. The "recipient receives" figure already includes the NOWE conversion fee applied above the mid-market rate. There are no additional hidden spreads.

Calculating FX Costs for Business Transfers

  • For businesses paying international suppliers or receiving client payments in foreign currencies, FX conversion cost is a direct line item on the P&L.
  • A business paying a UAE supplier AED 50,000 per month from a EUR account at a bank charging 4% FX spread pays approximately €740 more per month than a business using NOWE's up to 1.5% business rate. Over 12 months, that is €8,880 in unnecessary FX costs on a single supplier relationship.
  • NOWE's calculator lets business account holders model the exact cost before initiating a transfer, reducing FX risk and aiding payment reconciliation in multi-currency accounting workflows.

MENA and International Currency Pairs

  • EUR to AED, EUR to SAR, EUR to TND, and EUR to MAD are among the most-used currency pairs by NOWE's target users, including MENA diaspora in Europe, Tunisian and Moroccan expats, and businesses trading with Gulf Cooperation Council partners.
  • These corridors are supported across all NOWE account types. NOWE's Netherlands EU IBAN can send and receive in 38+ currencies. Customers based outside Europe and the UK can use all FX features; physical cards are available to EU and UK-based customers only.

Key FX Concepts Explained

Mid-Market Rate

The fair midpoint between global buy and sell prices. The benchmark on Google, not the rate you actually pay.

FX Markup

The percentage added above mid-market. Banks: 3–5%. NOWE: up to 2% personal, up to 1.5% business.

Exchange Rate Spread

The gap between the rate you see and what you receive. Spread size is your real FX cost.

Currency Conversion Fee

NOWE's transparent fee on conversion, up to 2% personal or 1.5% business. No hidden spread on top.

FX Rate Comparison: NOWE vs Banks vs Fintechs

FX markup above mid-market
Traditional Bank3–5%
Typical Fintech0.5–2%
NOWE MoneyUp to 2% personal
Business FX rate
Traditional Bank2–4%
Typical Fintech0.5–1.5%
NOWE MoneyUp to 1.5% business ✓
Fee shown before transfer
Traditional BankOften hidden
Typical FintechYes
NOWE MoneyYes ✓
Fee-inclusive calculator
Traditional BankNo
Typical FintechPartial
NOWE MoneyYes ✓
SEPA transfers
Traditional BankFree–€5
Typical FintechFree–€1
NOWE MoneyFree ✓
SWIFT receive fee
Traditional Bank€10–€30
Typical Fintech€0–€10
NOWE Money€0 Platinum · €15 Classic
Supported currencies
Traditional Bank20–50
Typical Fintech30–55
NOWE Money38+ ✓
Non-resident accounts
Traditional BankRare
Typical FintechLimited
NOWE MoneyYes, worldwide ✓
EU IBAN issued
Traditional BankYes (if EU-based)
Typical FintechVaries
NOWE MoneyYes, Netherlands ✓

Who Uses the FX Rate Calculator?

Expats Sending Money Home

Calculate the exact amount your family receives before you send. Best exchange rate for expats, EUR to SAR, AED, TND, MAD supported.

Open a Personal Account

International Remote Workers

Receive salary in EUR and convert to your home currency. See the live currency rate and fee before every international money transfer.

Open a Personal Account

Non-Residents Paying in Europe

Use the foreign exchange calculator online free to check costs before paying rent, fees, or services in euros from outside the SEPA zone.

Open a Personal Account

Related Tools & Guides

Currency Converter

Convert between 38+ currencies at live mid-market rates.

SEPA vs SWIFT

Understand which payment rail to use and what it costs.

Multi-Currency IBAN

Hold, send, and receive in 38+ currencies from one EU IBAN.

International FX

Send to 190+ countries at up to 1.5% business FX rate.

Regulated and safeguarded

FCA #900190

FCA authorised

Payment services via Equals Money PLC, authorised and regulated by the UK Financial Conduct Authority.

PSD2

Safeguarded funds

PSD2-compliant. Client funds held in safeguarded accounts, never used for credit or speculation.

KvK 98048260

NOWE Money B.V.

KvK 98048260 · John M. Keynesplein 4, 1066 EP Amsterdam, Netherlands
Private limited liability company registered in the Netherlands.

Compliance full details →

Frequently Asked Questions

An FX rate calculator converts one currency to another using a live or indicative exchange rate, showing you how much the recipient receives after any conversion fee. NOWE's calculator is fee-inclusive, it shows the mid-market rate and the estimated received amount after NOWE's conversion fee of up to 2% (personal) or up to 1.5% (business).

For individuals

Your money, accessible everywhere you go

Up to 2% FX fees, free SEPA transfers, and support in 190+ countries

open a personal accountSee Pricing

Physical cards available for Europe and UK customers only. All other features, IBAN, SEPA, SWIFT, FX conversion, are available worldwide.