Tool · FX Transparency Calculator
The rate they used. The rate they should have.
Upload an EOR invoice, or type the numbers in. The calculator backs out the exchange rate your provider actually applied, sets it against the real mid-market rate, and shows the undisclosed FX cost country by country.
FX Transparency Calculator
How much is your EOR really charging in FX?
Every currency conversion on your invoice uses a rate your provider sets, not the real mid-market rate. Upload your invoice or enter the numbers and we will show you exactly what they have taken.
No data is stored. Close this tab and everything is gone.
FX transparency calculator — at a glance
Industry FX markup
1.5–3%
Of converted pay, undisclosed — collected inside the bundled invoice total, never shown as a line.
Teamed FX margin
0%
On the EOR fee. Billed flat in your chosen currency, with the mid-market reference timestamped on every line.
Per $190K hire
$2.9–5.7K
A year, at the industry 1.5–3% range — the cost that never appears as a line item on your invoice.
Field notes
What the markup costs, by salary band.
Undisclosed FX is a percentage of converted pay, so it scales with the salary. At the industry 1.5–3%, here is the annual drag per hire — before you add a single extra head.
Designer · $95K
$1.4–2.9K
Undisclosed FX a year, at the industry 1.5–3%.
Senior engineer · $130K
$2.0–3.9K
Undisclosed FX a year, at the industry 1.5–3%.
Engineering lead · $190K
$2.9–5.7K
Undisclosed FX a year, at the industry 1.5–3%.
Director · $260K
$3.9–7.8K
Undisclosed FX a year, at the industry 1.5–3%.
Illustrative, at the industry 1.5–3% range. Upload your invoice above for the figure on your own team.
How much is my EOR provider taking on currency conversion?
On every cross-border payroll line, the provider converts pay from one currency to another and bills you the result. The rate they apply is usually a few percent worse than the real mid-market rate, and the gap is never itemised. Industry analysis puts it at 1.5 to 3 percent of converted pay. Upload your invoice in the calculator above and see the figure for your own team.
What is Undisclosed FX markup?
The difference between the exchange rate an Employer of Record applies when converting payroll between currencies and the real mid-market rate at the time. It is collected inside the bundled invoice total rather than shown as a separate line, so most buyers never see it. Teamed bills the EOR fee flat in the client's chosen currency with a contractual zero-FX-margin guarantee and the mid-market reference rate timestamped on every line.
What the calculator uses
- Industry FX markup
- 1.5–3.0%Of converted pay, undisclosed — collected inside the bundled invoice total, never shown as a separate line.Source: Industry analysis; varies per provider; not contractually verified· verified 2026-05-20
- Teamed FX margin
- 0% on the EOR feeThe fee bills flat in your chosen currency regardless of payroll currencies, with the mid-market reference timestamped on every line.Source: Teamed FX disclosure policy· verified 2026-05-20
- What it compares
- Applied vs mid-marketThe rate your provider actually applied (billed total over local total) set against the real mid-market rate for the invoice date.Source: Calculator method — see the methodology below· verified 2026-05-20
- Mid-market rate source
- Open Exchange RatesDated to the invoice where the data plan allows — the interbank rate banks use between themselves.Source: Open Exchange Rates· verified 2026-05-20
Field note
“The markup you can’t see is the one you never got to negotiate.”— Teamed client operations
How is this calculated?
- 1. Read each country line. From an uploaded PDF or your manual entry, the calculator takes the local-currency total and the billed total for every country on the invoice.
- 2. Back out the provider's rate. Billed total divided by local total is the rate the provider actually charged you, or the printed rate is used where the invoice discloses one.
- 3. Pull the real rate. The mid-market reference rate for the invoice date, the interbank rate banks use between themselves.
- 4. Measure the gap. Convert the local total at the real rate to get what you should have been billed. The difference from what you were actually billed is the undisclosed FX cost.
- 5. Total it. Summed across countries, with an annual projection. Lines where a printed rate disagrees with the totals are flagged and held out of the headline so you can check them.
Where the cost hides on a bundled invoice
The rate is set once
The provider picks the rate, prints it at the top of each country block, and applies it to every line in that block. Mid-market for the same date would be roughly 2-3% lower.
It compounds across every line
Gross salary, employer contributions, statutory accruals — all calculated in local currency first, then converted at the same marked-up rate. A 3% spread on salary alone becomes 3% across the whole employee.
The invoice doesn't show an FX line
Everything consolidates into one billing-currency total. There is no separate row for the markup. The cost is real but invisible unless someone reverse-engineers the rate.
Want this audited on your real invoices, line by line?
Bring three months of EOR invoices to a 30-minute working session. We will map every line, pay, statutory, fees, FX, against the mid-market rate at the time of payment. You walk out with a written audit you can take to the board.
Book the audit sessionFrequently asked questions
How do I find out what FX markup my current EOR is charging me?
Upload a recent invoice, or enter the figures manually, and the calculator above does it. For each cross-border payroll line it takes the local-currency total and the billed total, derives the rate the provider actually applied, and compares it against the mid-market reference rate (the interbank rate, dated to the invoice). The gap between the two rates, applied to the converted pay, is the undisclosed FX cost. Most providers do not disclose it as a separate line; Teamed publishes the applied rate against the mid-market reference on every cross-border line.What's the typical undisclosed FX markup on an EOR invoice?
Industry analysis puts undisclosed EOR FX markup at 1.5% to 3% of converted pay. Across a mid-sized international team that runs to tens of thousands per year, cost that never appears on the invoice as a separate line. Most providers structure FX as an undisclosed component of the bundled total. Teamed absorbs FX at zero markup on the EOR fee, with the mid-market reference rate timestamped on every invoice line.Is my invoice data safe to upload?
Yes. The PDF is read by code running in your own browser; the file itself is never uploaded. Only the extracted figures (amounts, currencies, country names) are sent to be parsed, and the parser is instructed to ignore employee names, addresses, and identifiers. Nothing is stored once you close the tab. If you would rather not upload anything at all, the manual-entry mode gives you the same analysis from figures you type in.How accurate is the calculator for my specific situation?
Directional, and grounded in your real invoice. The comparison uses live mid-market rates, dated to the invoice where the data plan allows; if a rate for the exact date is not available the latest rate is used and the result is marked approximate. Where a provider prints its own rate that disagrees with the billed totals by more than a few percent, that line is flagged and held out of the headline figure so you can verify it. Bring the full invoice to a 30-minute working session for a line-by-line audit.