HisabCalc › Country-specific

Remittance Cost Calculator

Work out how much money actually arrives after the transfer fee and exchange rate are applied, and the effective rate you really get.

Enter your numbers

Amount sent

Example: 1000

Exchange rate (per unit)

Example: 120

Percentage fee (%)

Example: 1

Fixed fee (receiving currency)

Example: 2

Result

Currency

Figures are computed on your device; nothing is sent anywhere.

Formula

totalFee = amount x feePercent / 100 + fixedFee; amountReceived = amount x rate x (1 - feePercent / 100) - fixedFee; effectiveRate = amountReceived / amount

How the calculation works

Enter the amount you are sending, the exchange rate offered and the percentage fee plus any fixed charge.

The tool deducts the percentage fee from the amount, converts it at the given rate and then subtracts the fixed fee.

It divides the amount received by the amount sent to show the effective rate you actually achieved after all charges.

Common mistakes

Comparing only the advertised fee and ignoring the rate, because a poorer rate can cost far more than the fee itself.
Forgetting the fixed fee charged at the receiving end, since it is deducted after conversion and lowers the amount that arrives.

When to use it

Use it to compare two remittance channels when one charges a higher fee but offers a better rate.
Use it to see the real value your family receives before you confirm a transfer.

Worked example

Sending 1,000 units at a rate of 120 with a 1 percent fee and a fixed fee of 2 gives 1,000 x 120 x 0.99 minus 2, which is 118,798 in the receiving country.

Amount received 118,560.00

Total fee ৳12.00

Effective rate 1.20%

Common questions

What is the effective rate in a remittance?

The effective rate is the amount your family receives divided by the amount you sent, so it folds in both the exchange rate and all fees.

Last updated: 2026-10-03