Risk disclaimer: 76% of retail investor accounts lose money when trading CFDs and Spreadbets with this provider. You should consider whether you understand how CFDs and Spreadbets work and whether you can afford to take the high risk of losing your money.
Calculate the value of any given currency against your currency of choice to help you assess trading opportunities for your forex trading strategy.
Why use a Currency conversion calculator?
The nature of currencies is to relentlessly fluctuate in value, which makes it almost impossible to accurately gauge the accurate value of a currency against the value of another. Currency conversion calculators are an efficient and accurate way to understand value, and help you identify opportunities for profit or loss.
Select the currency you want to sell
Select the currency you want to buy or convert to
Then click calculate
Market Trading Hours Monday To Friday
New York
UTC-5
London
UTC+0
Tokyo
UTC+9
Hong Kong
UTC+8
Sydney
UTC+10
Currency conversion calculator
Currencies are traded in pairs, where one currency is sold or converted to simultaneously buy another currency.
The currency conversion tool calculates the value of one currency against another currency. It is also used in our margin calculator, profit calculator and pip value calculator, whenever the current rate of exchange between currencies is required.
This is how to use the currency conversion tool
Select the currency you want to sell
Select the currency you want to buy or convert to
Then click calculate
Here is an example how currency conversion works
Select the first currency, EUR
Select the second currency, USD
- The first currency is the base currency and the second currency is the quote or counter currency.
- The base currency is always equal to one unit and exchange rates are expressed as a ratio between two currencies.
- So if the current rate of exchange between the EURUSD is 1.2000. This means that one EUR buys $1.2000.
- Exchanging EUR 1,000 would be the equivalent of 1,000 x 1.2000, which would be equal to $1,200.
- Exchange rates change very frequently. The currency conversion tool will calculate the value between the two currencies based on the current rate of exchange.
Articles we think you’d like
Based on your visit to this page, here are some articles we’ve selected for further reading
Janne Muta
September 4, 2024Spread Betting Strategies and Technical Tools for Better Trades
Understanding key spread betting strategies is essential for all traders looking to trade the markets with this instrument. Spread betting allows participants to speculate on the direction of...
Janne Muta
September 2, 2024Weekly Analysis 2nd September 2024
This week promises to be eventful for traders, with several critical economic data releases and events expected to create market volatility. As the US markets are closed today due to a holida...
TIO Staff
August 28, 2024Changes to market hours for Labor Day 2024
Due to the upcoming holiday on the 2nd September due to Labor Day, the trading hours for some instruments and markets will be affected. See the changes to the trading schedule below. Change...