APY/APR Converter

Convert between APY and APR for DeFi yield calculations

Conversion Direction

APR (%)

Compounding Frequency

APR vs APY

APR (Annual Percentage Rate): Simple interest rate without compounding
APY (Annual Percentage Yield): Effective rate including compound interest
APY is always ≥ APR (when rate > 0)
More frequent compounding = higher APY

Formula: APY = (1 + APR/n)^n - 1, where n = compounding periods per year