Currency Converter

Convert between any two currencies at the current exchange rate — useful for translating a balance, a P/L figure, or a margin requirement into a currency you think in.

How a conversion works, step by step

This converter works through US dollars as the common ground. It turns the amount into dollars at the rate for the currency you convert from, then into the target currency at the rate for the currency you convert to. The Exchange rate cell shows the combined rate for one unit, and Inverse rate shows the same rate flipped.

Convert 2,500 EUR into JPY, assuming EURUSD = 1.1500 and USDJPY = 157.00:

Multiply or divide? Reading the quote convention

EURUSD and GBPUSD are quoted as US dollars per one euro or pound, so going from EUR or GBP to USD means multiplying. USDJPY is quoted the other way round, as yen per one dollar, so going from USD to JPY means multiplying and going from JPY to USD means dividing.

• 1,000 GBP at GBPUSD 1.3200: 1,000 x 1.32 = $1,320.00
• 1,000 USD to EUR at EURUSD 1.1500: 1,000 / 1.15 = 869.57 EUR
• 1,000 USD at USDJPY 157.00: 1,000 x 157 = 157,000 JPY
• 157,000 JPY back to USD: 157,000 / 157 = $1,000.00

A round trip should return your original amount to within rounding. If it does not, you multiplied where you should have divided.

Translating a trading account into a currency you think in

Many accounts are denominated in one currency while the pair you trade is quoted in another. Say your balance is 8,000 EUR and you risk 1% a trade. At EURUSD 1.1500 the balance is 8,000 x 1.15 = $9,200.00 and the risk is 80 EUR x 1.15 = $92.00.

Those dollar figures are what you then carry into the Lot Size calculators or compare with a pip value, since a USD-quoted pair pays out in dollars.

Why your broker credits a different amount

The converter shows a mid-market rate. A broker or card provider usually adds a markup to it. Using an invented markup, if the broker converts at 1.1485 instead of 1.1500, your 8,000 EUR becomes $9,188.00 rather than $9,200.00, a difference of $12.00 or about 0.13%.

Rates also move between the moment you look and the moment the conversion happens, so a few seconds of delay can matter more than the markup on a volatile day.

A deposit example with a broker markup

You need to fund a $1,200 deposit from a GBP bank balance. At GBPUSD 1.3200 the fair cost is $1,200 / 1.32 = 909.09 GBP. Suppose your bank applies an invented rate of 1.3160 instead.

A 0.3% gap looks tiny on one deposit. Across twelve deposits a year it comes to about $43.80, and the converter gives you the fair number to compare against.

Any pair works, because every conversion goes through USD

The converter covers 18 currencies: USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD, CNH, HKD, SGD, MXN, NOK, SEK, TRY, ZAR, THB and HUF. You do not need a quote for every pair. Pick any two and the converter builds the rate from each currency's rate against the dollar.

Take EUR to GBP with EURUSD 1.1500 and GBPUSD 1.3200:

The round trip returning 1,000.00 shows the two legs are consistent. A real broker's EURGBP quote can differ slightly from this built rate because it has its own bid and ask.

Now a pair with no direct major quote, Swiss franc to Mexican peso, with USDCHF 0.8800 and USDMXN 18.50:

Pip value in a different currency

On USDJPY, one pip per standard lot is 1,000 yen. At 157.00 yen per dollar that is 1,000 / 157 = $6.37, and a trader with a euro account sees 6.37 / 1.15 = 5.54 EUR.

The same logic converts a result. A 45-pip USDJPY gain on 0.50 lots is 45 x 1,000 x 0.50 = 22,500 JPY, which is 22,500 / 157 = $143.31.

What a rate move does to a fixed amount

A fixed dollar obligation costs more or fewer euros as EURUSD moves. A $10,000 top-up costs 10,000 / 1.15 = 8,695.65 EUR at 1.15, but 10,000 / 1.10 = 9,090.91 EUR if the euro weakens to 1.10.

That is 395.26 EUR more, or 4.5%, for exactly the same dollar amount. It is the reason traders who fund accounts in another currency look at the rate before transferring.

Which currencies it covers and how they are quoted

The 18 currencies come in two groups, and the group decides whether the rate is multiplied or divided on its way through the dollar.

• Quoted as dollars per unit (EUR, GBP, AUD, NZD): 1,000 AUD at AUDUSD 0.7000 is 1,000 x 0.70 = $700.00.
• Quoted as units per dollar (JPY, CAD, CHF, CNH, HKD, SGD, MXN, NOK, SEK, TRY, ZAR, THB, HUF): 1,000 USD at USDCAD 1.3800 is 1,000 x 1.38 = 1,380.00 CAD, and going back is 1,380.00 / 1.38 = $1,000.00.

Yen and forint results are shown without decimals because those currencies are worth very little per unit. Rates come from this site's market feed and refresh every 30 seconds, and the note under the Convert button tells you when live rates have loaded. A currency that is not in the list, such as the Polish zloty, is not covered yet.

Background reading: exchange rates on Wikipedia and how currency pairs are quoted.

Frequently asked questions

Does my broker's leverage change the lot size I should trade?

No — broker/account leverage is a cap on how large a position you're allowed to open, not an input to position sizing. "Actual leverage" (your position's notional value ÷ your balance) is usually far below your account's maximum — leverage available and leverage used are two different numbers.

Why won't my platform accept the exact lot size this shows?

Most brokers round to a minimum lot step (commonly 0.01). If the calculated size falls between steps, round down to stay within your risk budget, never up.

My platform rejects the trade even at a rounded lot size — why?

That is usually a separate, broker-set maximum position size per trade or per account, not the same limit as the lot-step rounding above. Check your broker's own contract specification page for a maximum volume figure, and split the trade across multiple positions if you are still genuinely within your own risk budget.

Is "lot size" the same as "position size" here?

Yes — on this site the two terms are used interchangeably for index and forex CFDs; both mean the number of lots to trade.

How do I count a "point" move on NAS100?

NAS100 moves in steps of 1, not the 4-decimal "pip" convention EUR/USD uses — a 1 change in the raw price is one full point/pip here. This calculator already accounts for that; it never assumes the generic forex definition.

Which exchange rate does the converter use?

It uses live rates against the US dollar for 18 currencies, taken from this site's market feed and refreshed every 30 seconds. Until they load, built-in approximate rates are used, so wait for the live-rates note under the Convert button before relying on a figure. Every conversion runs through USD, so EUR to JPY is EURUSD multiplied by USDJPY, which can differ slightly from a directly quoted EURJPY price.

Does leverage change what my money is worth in another currency?

No. Converting an amount tells you its value at the current rate and has nothing to do with leverage. Leverage only sets the margin your broker holds; your position size comes from your risk amount, your stop distance and the instrument's pip value, not from the exchange rate you convert at.

Why does my broker credit a different amount than the converter shows?

Brokers and card providers convert at a rate that includes a markup over the mid-market rate, and the rate may have moved between your check and the actual conversion. Treat the converter as the fair-value reference and compare it with the rate on your own statement to see the cost you are paying.

Can I convert between two currencies that are not USD?

Yes. The converter turns the first currency into dollars and then into the second. Converting 1,000 CHF to MXN at USDCHF 0.8800 and USDMXN 18.50 gives 1,000 / 0.88 x 18.50 = 21,022.73 MXN.