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Currency Converter
Convert any amount between currencies using a custom exchange rate. Enter the amount, your exchange rate, and instantly see the converted value. Useful for converting account balances, P&L, and margin requirements between currencies.
Formula
Formula
Converted Amount = Amount × Exchange Rate
Exchange Rate = units of target per 1 unit of source.
USD → EUR: enter EUR/USD (e.g. 0.92) → $1,000 × 0.92 = €920
EUR → JPY: enter EUR/JPY (e.g. 163.50) → €100 × 163.50 = ¥16,350
USD → JPY: enter USD/JPY (e.g. 150) → $1,000 × 150 = ¥150,000
Worked Example
Given
Convert $1,000 USD to EUR · exchange rate = 0.92 (USD/EUR)
- Amount
- $1,000 USD
- Exchange Rate (USD/EUR)
- 0.92
- Converted Amount
- $1,000 × 0.92 = €920.00
Frequently Asked Questions
- How does the currency converter work?
- The calculator multiplies your amount by the exchange rate you provide: Converted Amount = Amount × Exchange Rate. The exchange rate must be expressed as units of the target currency per 1 unit of the source currency. To convert $1,000 to EUR with EUR/USD = 0.92, enter rate = 0.92 → result = 920 EUR.
- What exchange rate should I enter?
- Enter the direct rate from source to target. For USD→EUR: enter the USD/EUR rate (e.g. 0.9200 if EUR/USD = 1.0870, then USD/EUR ≈ 1/1.0870 ≈ 0.92). For EUR→JPY: enter the EUR/JPY rate directly (e.g. 163.50). The hint below the Exchange Rate field gives guidance based on common scenarios.
- How do I convert P&L from a JPY account to USD?
- If your broker credited you ¥15,000 profit and you want to know the USD equivalent, enter Amount = 15,000 and Exchange Rate = 1÷USD/JPY (e.g. USD/JPY=150 → rate = 0.006667). The result is $100. Alternatively, just divide ¥15,000 by the USD/JPY rate directly.
- Does the calculator apply bid/ask spread?
- No — this is a mathematical converter, not a live rate feed. It uses the rate you enter, which should be the mid-market rate or the specific rate quoted by your broker. For accurate conversions, use the rate from your broker's platform or a trusted rate source at the time of conversion.
- How is this useful for forex trading?
- Traders use currency conversion to: (1) understand P&L in their home currency when trading cross-currency accounts, (2) convert margin requirements between currencies, (3) calculate the value of pip movements when the quote currency differs from the account currency, and (4) reconcile broker statements denominated in a different currency.