How the Exchange Calculator works?

Description

The EFICYENT Exchange Calculator simplifies currency conversions, making it easier to handle cross-border transactions.

1. Currency Pair Selection:

   • Users can select both the "From" and "To" currencies from dropdown menus.
   • The exchange rate is based on the selected currency pair (e.g., USD to INR).

2. Amount Input:

   • Users can input the amount they want to convert in the “From” field. The calculator will display the equivalent value in the “To” currency, taking into account the current exchange rate.

3. Exchange Rate Display:

   • The calculator shows the live exchange rate for the selected currency pair. For example, 1 USD = 82.9313 INR.

4. Fees:

   • A breakdown of applicable fees is displayed clearly below the exchange rate. In this example, the fee for the transaction is $6.50.

5. Total Payable:

   • This field combines the conversion amount and fees to show the total amount payable by the user for the transaction. For instance, the total is $106.50 for converting $100.

6. Convert Button:

   • Once the user reviews the details, they can click the Convert button to process the currency exchange.