Alexa Rank to Traffic Estimation Formula

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Anybody have some idea how we can convert alexa Rank to estimate the daily visitors of a website. previous we can easily do this by Alexa Site Reach percentage but alexa reach is no more available. previous i am using this forumula

$visitors = (200000000*$reach)/100

how can we estimate now with alexa rank?

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This service: http://www.rank2traffic.com/ gives traffic estimation based on the formula given here: http://netberry.co.uk/alexa-rank-explained.htm

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Once you determine a formula for trafic calculation, you may use this online database to get old alexa rank data: http://alexarankdb.com/

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I think according to Alexa rule, the multiplication between monthly visitors and Alexa Rank is a constant, which is equal to 1x10^11 (1,00,000,000,000). So, (Alexa Rank) x (Monthly Visitors) = 1,00,000,000,000. This formula can be used to roughly estimate Alexa Rank/Monthly Visitors. For example, if AR = 1000 then MV = 1x10^8 (1,00,000,000) and vice versa. You can verify this by using a tool provided at http://netberry.co.uk/alexa-rank-explained.htm

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This article contains more precise formula and online converter "Alexa Rank -> Monthly Traffic" - http://netberry.co.uk/alexa-rank-explained.htm

Monthly Visitors = 104,943,144,672 x AlexaRank ^ -1.008