> For the complete documentation index, see [llms.txt](https://docs.belugas.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.belugas.io/getting-started/protocol-math/interpreting-exchange-rates.md).

# Interpreting Exchange Rates

The bToken [Exchange Rate](/atokens/exchange-rate.md) is scaled by the difference in decimals between the bToken and the underlying asset.

```javascript
const oneBTokenInUnderlying = exchangeRateCurrent / (1 * 10 ^ (18 + underlyingDecimals - bTokenDecimals))
```

Here is an example of finding the value of 1 bWETH in WETH with Web3.js JavaScript.

```javascript
const bTokenDecimals = 8; // all bTokens have 8 decimal places
const underlying = new web3.eth.Contract(erc20Abi, ethAddress);
const bToken = new web3.eth.Contract(bTokenAbi, bEthAddress);
const underlyingDecimals = await underlying.methods.decimals().call();
const exchangeRateCurrent = await bToken.methods.exchangeRateCurrent().call();
const mantissa = 18 + parseInt(underlyingDecimals) - bTokenDecimals;
const oneBTokenInUnderlying = exchangeRateCurrent / Math.pow(10, mantissa);
console.log('1 bWETH can be redeemed for', oneBTokenInUnderlying, 'WETH');
```

There is no underlying contract for SEI, so to do this with bSEI, set `underlyingDecimals` to 18.

To find the number of underlying tokens that can be redeemed for bTokens, multiply the number of bTokens by the above value `oneBTokenInUnderlying`.

```javascript
const underlyingTokens = bTokenAmount * oneBTokenInUnderlying
```


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