Convert budget amounts between major European and international currencies. See the converted amount at your chosen rate, monthly/quarterly/annual equivalents, and an estimate of FX hedging costs for your finance team.
Inputs
The budget amount to convert.
The currency of the original budget amount.
The currency to convert into.
The exchange rate from source to target currency. Pre-filled with an approximate rate — edit to use your budget rate.
Your original budget rate. Leave the same as exchange rate if not comparing.
Results
Converted Amount
$1,080,000
How to use
Enter the budget amount you want to convert.
Select the source and target currencies.
Adjust the exchange rate to your actual or forecast rate.
Optionally enter a budget rate to see the variance against plan.
Review the converted amount, periodic equivalents, and hedging cost estimate.
Worked Example
A German subsidiary needs to convert its EUR 1,000,000 annual IT budget to USD for the group consolidation at a rate of 1.08, with a budget rate of 1.10.
Convert at actual rate
EUR 1,000,000 x 1.08 = USD 1,080,000
Convert at budget rate
EUR 1,000,000 x 1.10 = USD 1,100,000
FX variance
USD 1,080,000 - USD 1,100,000 = -USD 20,000 (favourable — cheaper in USD)
Hedging cost estimate
USD 1,080,000 x 1.5% = USD 16,200 annually
Monthly equivalent
USD 1,080,000 / 12 = USD 90,000 per month
Key Takeaway
The stronger EUR (lower exchange rate) saves $20,000 versus budget. Hedging the exposure would cost approximately $16,200 per year, which may be worthwhile given the $20,000 variance shows meaningful FX sensitivity.
Guidance
The converted amount shows the target currency equivalent at your chosen rate. The variance from budget rate reveals how much FX movements have impacted your plan — a negative variance when converting expenses means the cost is lower than budgeted (favourable). The hedging cost estimate of 1.5% is typical for major currency pairs like EUR/USD or EUR/GBP; exotic pairs may cost 3-5% or more. Monthly and quarterly breakdowns help with cash flow planning and periodic reporting.
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