Freelance Currency Rate Calculator

Global Consultant Rate Converter

Pitching a client in London or New York? Know exactly what your rate looks like in their currency.

e.g. 1 USD = 0.78 GBP

How This Tool Works

The Global Consultant Rate Converter is essential for freelancers working across borders. Whether you are a European consultant pitching a US client or an American designer working for a UK agency, understanding the purchasing power parity and currency math is vital to maintaining your margins.

This tool converts your base hourly or daily rate into a foreign currency using current exchange rate averages. It helps you avoid the mistake of "blind conversion" where you lose money due to hidden fees or rounding errors in the client's favor.

How to Use the Converter

  • Your Rate: Enter your baseline rate in your local currency (e.g., $100 USD).
  • Exchange Rate: Use the latest interbank rate (e.g., 0.92 for USD/EUR). We provide common estimates, but you should verify with a live source for final contracts.
  • Source/Target: Toggle between common currencies (USD, GBP, EUR, INR, etc.) to see the visual labels updated.

Example Calculation

If you need to earn $120 USD/hr and you are pitching a UK client (Exchange rate 0.78):

  • Calculated Rate: £93.60
  • The "Clean Quote": Quote £95 or £100/hr to account for bank transfer fees.
  • Daily Rate (8h): $960 USD vs £748.80 GBP.

Why This Tool Is Accurate

We use a dual-rate model to help you plan both your time and your bank account:

  • Fractional Precision: We calculate to the penny (or pence/cent) so you know exactly where your baseline sits before you round up for a professional quote.
  • Time-Based Expansion: The tool automatically calculates the Daily Rate (8 hours) which is the preferred quoting method for high-end international consulting.
  • UI Localization: The result labels dynamically update based on your selected currency, giving you a preview of how the quote will look to the client.

Frequently Asked Questions

Should I charge international clients in my currency or theirs?

Charging in the client's local currency reduces friction for them, but places the exchange rate risk on you. Experts often quote in the client's currency but add a 5% "FX Buffer" to protect their margins.

What is an FX Transaction Fee?

When you receive money in a foreign currency, banks and payment processors (like Stripe or PayPal) typically charge a 1-3% fee to convert it back to your local currency. Factor this cost into your global rates.

How often do exchange rates change?

Interbank exchange rates change every second. For long-term freelance contracts, it is common to include a "Rate Review Clause" if the currency fluctuates by more than 5% during the project.
Limitations & Disclaimer: This tool uses static inputs for exchange rates. Currency markets are highly volatile. This calculator does not account for the specific spreads and fees charged by platforms like PayPal or Wise.