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Online currency converter
While planning for a vacation, costs associated with your travel like flight tickets, hotel booking expenses, visa fees and travel insurance premiums may be in a different currency from your local currency. Therefore, it’s important to convert all your costs into your earning currency for easy planning.
Currency Converter
The exchange rates are not live rates. There is a delay in fetching the rates. The idea is to help you with reasonable estimates for your budgeting. For accurate and live exchange rates you can refer to financial websites like Yahoo Finance. Readers like you help support Lifespectrum360.com. When you purchase using links on our site, we may earn an affiliate commission. Learn more here.
What is Currency Converter meaning?
A currency converter is an app/tool that allows you to convert an amount of one currency into another currency based on the current exchange rates. This tool is essential when you are planning for your international travel. Whether you travel frequently for business or vacations, estimate expenses in the local currency at the destination and carry cash. So, convert your local currency to the destination local currency.
E.g. You are planning your next vacation in the exotic city of Lagos in Nigeria. The hotel expenses, local purchases, meals, and local transport will be in Nigeria’s local currency, the “Naira”. (You should know the local currency at the destination before your travel) You can search here to find the name of the currency and its code. Then comes how much will be the total local expenses for the entire stay? Use an online Travel Cost Calculator to get a fair estimate. But the cost will come to “Naira”. Use this currency converter app to “Naira” into “Dollar” to find how much will be the cost of your vacation in your local currency, in this case, “Dollar”.
How to use Currency Converter online?
Let’s say you need to convert 156000 Naira to dollars. You already know the code for Nigeria currency is NGN, and for the US Dollar is USD.
Input 156000 in the “Amount” box, select “NGN” in the first drop-down menu and “USD” in the second drop-down menu of the Currency Converter tool.
Then click on Convert.
The app will quickly calculate with the latest exchange rate and display the dollar value. As of 18 Aug 2024, based on the exchange rate, the tool will display 98.33 USD.
Remember, the dollar value shown here may not be the exact amount you might receive at a currency exchange counter. However, you can compare the results from the tool with the rates charged by the exchange counter or hotel receptionist. If you find a large discrepancy, you can ask for the reason for the difference and satisfy yourself with other sources of information.
FAQs on the currency converter calculator
How often are the exchange rates updated?
Exchange rates are updated once a day. This ensures you get a reasonably accurate exchange rate during conversion.
Is the Currency Converter free to use?
Yes, this Currency Converter is free to use.
Can I convert between any currencies?
The Currency Converter supports a wide range of currencies. You can select the currencies you want to convert from and to using the drop-down menus.
Did we help? Did you notice a significant difference in exchange rates? Did you find your currencies listed in the tool? If you have any other suggestions or feedback about the tool, please contact us at contact@lifespectrum360.com.
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