A sample rate converter suitable for use in an audio DAC includes a first estimating circuit (32A) generating first (TR) and second (STAMPR) signals synchronized to an asynchronous clock (MCLK) and representing the period and edge arrival times, respectively, of a reference clock (REFCLK). A second estimating circuit (32B) operates on the first and second signals to generate third (T1) and fourth (STAMP1) signals representing an input sample rate (32fsin) and arrival times of input data samples, respectively, which are applied to a coefficient and address generator (76) to generate read addresses and coefficients input to a FIFO memory (42) receiving digital input data at the input sample rate and a multiplication/accumulation circuit (78) receiving data from the FIFO memory. The multiplication/accumulation circuit produces an output signal (SRC-out) synchronized to the asynchronous clock at an output sample rate (32fsout).