Currency Converter

Convert currencies using European Central Bank exchange rates

87.26 GBP

100 EUR = 87.26 GBP

Currency Converter

The Currency Converter on CalculatorCave.com allows you to calculate the value of one currency in terms of another using official European Central Bank (ECB) exchange rates. It’s a fast, accurate, and reliable way to compare global currencies for travel, trade, or personal finance.

For users managing money and taxes, you can also explore our Money & Pay Calculators — a hub for tools that make your financial planning simple and precise.

What Is a Currency Converter?

A currency converter is a financial tool that calculates how much one currency is worth in another based on the current exchange rate. The conversion is based on a mathematical ratio derived from the Euro base exchange rate, updated daily by the European Central Bank (ECB).

The ECB updates its official Euro foreign exchange reference rates every weekday, typically at 4:15 PM Central European Time (CET), which corresponds to 11:15 AM Eastern Standard Time (EST). These reference rates are ideal for general use, travel conversions, or academic purposes.

For live, market-based conversions used in trading or investing, check real-time sources such as XE.com or the Google Currency Converter.



How the Currency Conversion Formula Works

Currency conversion is essentially a ratio calculation. Each currency’s exchange rate is quoted against the Euro (EUR).

To convert Currency 1 (C1) into Currency 2 (C2):

Formula:
Value in C2 = Value in C1 × (Rate of C2 / Rate of C1)

Here, “Rate” refers to the amount of each currency equal to 1 Euro.

Example:
Suppose you want to convert 100 Hong Kong Dollars (HKD) to US Dollars (USD), using ECB exchange rates:

  • HKD = 9.0799 EUR
  • USD = 1.1666 EUR

Using the formula:
Value in USD = 100 × (1.1666 / 9.0799) = 12.84 USD

So, 100 HKD = 12.84 USD based on these ECB reference rates.

You can also use the Currency Appreciation & Depreciation Calculator to understand how exchange rates change over time and how they impact your money.

Euro (EUR) Reference Exchange Rates

Below is a sample of ECB Euro exchange reference rates. These values show how many units of each foreign currency equal 1 Euro:

CodeCurrency Name1 Euro =
AUDAustralian Dollar1.7708
CADCanadian Dollar1.6280
CHFSwiss Franc0.9314
CNYChinese Yuan8.3057
GBPBritish Pound0.8703
HKDHong Kong Dollar9.0799
INRIndian Rupee103.5425
JPYJapanese Yen176.05
USDUnited States Dollar1.1666
ZARSouth African Rand20.0635

These figures provide a reference for currency comparison. For instance, since 1 EUR = 1.1666 USD, you can easily find how much one U.S. Dollar is in Euro by taking the reciprocal:
1 USD = 1 / 1.1666 = 0.8574 EUR

How Exchange Rates Are Determined

Exchange rates fluctuate due to global economic forces — such as interest rates, inflation, trade balances, and geopolitical events. The European Central Bank coordinates with other central banks in a daily process known as the foreign exchange concertation, ensuring fair, transparent, and consistent rates across Europe.

These reference rates act as benchmarks for governments, banks, and financial institutions. However, the rates you receive when exchanging money at banks or currency exchange offices may differ slightly because of service fees and market margins.

For anyone managing salary or pay calculations across currencies, tools like the Gross Pay Calculator can help estimate income more accurately, considering exchange rate impacts.

When to Use ECB Exchange Rates

ECB reference rates are best used for:

  • Travel planning: Estimating spending power abroad.
  • Academic or accounting purposes: Reporting or comparing currencies.
  • Business analysis: Comparing international costs and revenues.
  • General financial estimation: For currency value tracking.

They are not ideal for live trading or speculative investing since market prices shift every second.

Understanding Conversion Through the Euro Base

The Euro serves as the base currency for all ECB conversions. Every other currency’s rate expresses how much of that currency equals one Euro.

To find the rate from one non-Euro currency to another, use their Euro-based ratios. For example:

To find the exchange rate from GBP (British Pound) to AUD (Australian Dollar):
GBP = 0.8703 EUR
AUD = 1.7708 EUR

Then:
1 GBP = (1.7708 / 0.8703) = 2.03 AUD

This means one British Pound equals roughly 2.03 Australian Dollars.

Why Use CalculatorCave’s Currency Converter?

The Currency Converter at CalculatorCave automatically performs all these calculations for you — instantly, accurately, and based on official ECB reference data. You simply enter an amount, choose your currencies, and get the converted result without manual computation.

It’s designed for travelers, students, accountants, and anyone dealing with international money conversions.

A currency converter isn’t just a travel tool — it’s a bridge between economies. Whether you’re comparing USD to EUR, tracking how your local currency performs, or planning international transfers, accurate conversions help you make informed financial decisions.

For complete financial planning, pair this tool with the Inflation Calculator to see how currency value changes over time and understand your real purchasing power.

Exchange Rate Calculation Source: European Central Bank

Euro foreign exchange reference rates Quote: "The reference rates are usually updated by 4 p.m. C.E.T. They are based on a regular daily concertation procedure between central banks across Europe and worldwide, which normally takes place at 2:15 p.m. CET."

The reference rates used on this website are updated by 11:15 AM EST, which is 4:15 PM CET.

These rates can be used for reference, say, for calculating currency exchange when traveling. For more exact daily market and investing rates you might try http://www.xe.com/.  For a greater number of available currencies try Google Currency Converter.

Converting from one currency to another is done by a ratio calculation using the starting value and the Euro Exchange Rates below for the currencies being compared. Converting from Currency 1 to Currency 2 we state: Value in Currency 1 is to Value in Currency 2 as Rate in Currency 1 is to Rate in Currency 2.