Funadvice Logo

How do I calculate the money I loose every time I exchange currencies?

Home More advice Jobs & Money

I want to exchange money from one currency to another. I was wondering if their is a general percentage of loss every time you exchange money (ex. every time you lose more or less 5%). The reason being I might have to exchange the money from one currency to another up to 4 times (Ex. currency A gets exchanged into currency B then into currency C then into currency D). I know exchange rates vary day to day from institution to institution but is their a general reasonable percentage to help me calculate my losses?

Thanks!!!