Frequently asked
Which exchange rate is used?
Live rates are pulled from the Frankfurter API (frankfurter.app), a free, no-key, ECB-backed reference rate service. ECB publishes daily reference rates ~16:00 CET on banking days. Weekend / holiday rates are the previous banking day. For settlement / allotment purposes the bank will apply its own buy/sell spread plus fees — the rate you see here is the indicative mid-rate.
How accurate is this for an allotment?
Use it as a planning estimate only. The actual rate applied by your manning agent's bank or by Wise / Remitly / similar will differ by typically 0.3–2% spread plus a fixed fee. Always confirm the actual receive amount on the bank statement before counter-signing the wage account.
Can I save my home currency?
Not yet on this page — the calculator is stateless. The site does not require an account to use any tool; if you want a saved preference, the upcoming server-sync personal-tools update will let you persist your home currency along with sea time and certificates.
Currency converter at port
Daily ECB reference rates via the Frankfurter API. Use to plan allotment transfers, shore-leave cash, and port-disbursement totals. Bank settlement rates differ by typically 0.3–2% spread plus fees — this page shows the mid-rate.
Result
Common allotment scenarios
- · Filipino seafarer — typical allotment is 80% of wages to home account in PHP. Bank fee on USD inward remittance via Pinoy Express / GCash typically 0.5–1.5% effective spread.
- · Indian seafarer — wages paid in USD to NRE/NRO account in INR. Tax-exempt as NRI if <182 days in India in the FY. Wise / Remitly typically beat bank rates by 0.5–1.5%.
- · Ukrainian seafarer — USD to UAH or to a Polish/Romanian transit account. War-era controls in place; coordinate with manning agent before fixing the receive bank.
- · European officer (Greek/Polish/UK flag) — settlement is direct in EUR/PLN/GBP from owner's bank; allotment splits sometimes used for offshore-USD savings.
Source: Frankfurter API (ECB reference rates, free, no key). See also salary wire transfer, SEA, pay deductions.