Regional currency presets
Select a company region and base currency from supported presets including the United Kingdom, United States, Eurozone, Australia, Canada, Nordics, New Zealand, Singapore, or Other.
FixMyFX
FixMyFX is a browser-based calculator that estimates foreign-exchange fees on international revenue and expenses. It helps founders compare a Stripe-and-bank setup with a multi-currency workflow and estimate potential annual savings.
Foreign-exchange fee calculator for cross-border businesses
FixMyFX is a browser-based foreign-exchange fee calculator for founders and businesses that receive revenue or pay expenses in more than one currency. It estimates the annual cost of a conventional setup—Stripe auto-conversion combined with bank FX—and compares it with a multi-currency approach designed to retain foreign currency for matching expenses.
Users select a company region, choose between a single-currency or multi-currency setup, and enter annual revenue, foreign-currency revenue, annual expenses, and foreign-currency expenses. The tool then estimates potential savings over 12 months and provides a suggested workflow: receive foreign-currency payouts into matching accounts, pay foreign bills from those balances, and convert only the remaining net profit back to the home currency.
Features
Revenue and expense inputs
Enter annual revenue and expenses, along with the percentage of each that is in or paid in foreign currency, to model a cross-border business profile.
Current-versus-optimised comparison
Compare estimated annual fees for Stripe auto-conversion plus bank FX with an FX-optimised multi-currency setup.
Transparent calculation assumptions
The estimate applies stated assumptions: Stripe auto-conversion of 1% in the US or 2% in the UK, EU, and Rest, approximately 3% bank FX markup on foreign spending, and approximately 0.4% for net-profit conversion.
Annual savings result
View potential annual savings over a 12-month period and express the result in illustrative equivalents such as products, software subscriptions, or coffees.
Browser-based privacy model
Run the calculation locally in the browser; the site says the entered numbers are not collected, sent to a server, or tracked.
Use cases
Assess foreign-currency revenue leakage
A founder receiving customer payments in currencies such as EUR, GBP, or USD can estimate how Stripe auto-conversion may affect annual revenue before deciding whether to maintain matching currency accounts.
Evaluate recurring overseas expenses
A business paying for SaaS, advertising, or overseas contractors can include its foreign-currency expenses to see how bank FX markups may add to the cost of operating internationally.
Plan a multi-currency workflow
A company considering a move from a single-currency bank setup can compare its current estimate with a multi-currency setup that retains foreign funds for direct payouts and spending.
Prioritise FX process changes
A business owner can use the 12-month savings estimate to quantify whether reducing unnecessary conversions is material enough to investigate account and payout changes.
Pros and Cons
Pros
- Models both foreign-currency revenue and foreign-currency expenses rather than looking only at incoming payments.
- Shows the assumptions behind the fee estimates, including Stripe conversion, bank FX markup, and net-profit conversion.
- Provides a practical multi-currency workflow involving direct payouts, foreign-currency spending, and conversion of remaining balances.
- Calculations run in the browser, with the site stating that entered numbers are not collected, sent to a server, or tracked.
Cons
- Results are estimates based on stated standard fee assumptions, so actual costs depend on a company’s providers, account terms, and transaction mix.
- The site provides a calculator and workflow guidance; the available information does not establish that it offers account opening, payment processing, or an operational FX service.
- Businesses whose company, customers, and suppliers are all in the same country may have little need for the tool.
FAQ
How do I use FixMyFX?
FixMyFX is a browser-based calculator. Enter the company registration region, annual revenue, share of revenue received in foreign currency, annual expenses, and share of expenses paid in foreign currency, then run the calculation.
What does the calculation compare?
The calculator compares estimated annual fees under a current setup using Stripe auto-conversion and bank FX against an FX-optimised setup using matching multi-currency accounts, direct foreign-currency spending, and conversion of net profit back to the home currency.
Does FixMyFX send my financial inputs to a server?
The calculation is performed entirely in the browser. The site states that entered numbers are not collected, sent to a server, or tracked.
How does FixMyFX suggest reducing the estimated FX loss?
The site suggests opening multi-currency accounts matching the currencies customers pay in, connecting those accounts to Stripe for direct payouts, paying foreign expenses from matching currency balances, and converting only the remaining profit back to the home currency.
Are the savings figures guaranteed?
The results are estimates based on standard publicly available fee structures and are not financial advice. The site advises users to check their own bank's product disclosure statement.
Quick Facts
- Category
- Finance calculator
- Primary users
- Founders and businesses with cross-border revenue or expenses
- Platform
- Web browser
- Inputs
- Company region, annual revenue, foreign-currency percentages, annual expenses, and currency-management setup
- Outputs
- Estimated annual fees and potential 12-month savings
- Calculation model
- Browser-based estimate using stated Stripe, bank FX, and net-profit conversion assumptions
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