The common requirement for any graphics designer is to change file format from one to another with out loosing quality or effects got in the original format. There is freeware called XnView to do this same task very efficiently. This tool allows you to do the following tasks with minimum effort.
Import about 400 graphic file formats
Export about 50 graphic file formats
Multipage TIFF, Animated GIF, Animated ICO support
Image IPTC, EXIF metadata support
EXIF auto rotation support
IPTC editing
Resize, rotate, crop support
Lossless rotate & crop (jpeg) support
Adjust brightness, contrast...
Auto levels, contrast
Modify number of colors
Apply filters (blur, average, emboss, ...)
Apply effects (lens, wave, ...)
Fullscreen mode
Slide show with effects
Batch convert, batch rename
Create WEB page easily
Screen capture
Create contact Sheet
Create or edit Multi-page file (TIFF, DCX, LDF)
TWAIN & WIA support (Windows only)
Print support (Windows only)
Drag & Drop support (Windows only)
Compare image side by side
Filmstrip layout You can download the tool from here. Few screenshots from the official site.