Currency converter for traders
Convert an amount between eight major currencies and see the exchange rate both ways. Useful for working out pip values, margin and results in your own account currency.
How the converter works
The converter uses the reference rates this site publishes for its calculators, the same rates used by the pip value and lot size calculators. Each currency is stored as units per one US dollar, and any pair is calculated through the dollar:
Amount in B = amount in A ÷ (A per USD) × (B per USD)
This is how cross rates such as EUR/JPY or GBP/CHF are derived from the dollar pairs.
Worked example
With the reference rates dated 22 October 2026, 1 US dollar was 0.7466 pounds and 156.78 yen. Converting £1,000 to yen: 1,000 ÷ 0.7466 × 156.78 = about 209,999 yen. The live tool above uses whichever rates are current on the site when you open it.
Reference rates are not dealing rates
These are mid-market reference rates for planning. Your broker or bank will quote a buy and a sell price with a spread between them, and card or transfer providers may add a margin. Use your platform's quote for anything you actually trade or pay.
Why traders convert currencies
- A pip on USD/JPY is worth 1,000 yen per standard lot, which you need in your account currency to size a trade.
- Profit on EUR/GBP is paid in pounds, so a dollar account converts it back to dollars.
- Margin is often calculated in the base currency of the pair and then converted.
Related tools and guides
Frequently asked questions
Where do the exchange rates come from?
The converter uses the reference rates published in this site's rates file, which the calculators share. The date of the rates in use is shown under the result. They are for planning, not for dealing.
How is a cross rate such as EUR/JPY calculated?
Through the US dollar: the yen per dollar divided by the euros per dollar. With 156.78 yen and 0.8916 euros per dollar, EUR/JPY is about 175.8.
Why is my bank's rate different?
Banks, brokers and card providers quote a buy and a sell price and may add a margin. The converter shows a mid-market reference rate without those costs.
Which currencies are supported?
US dollar, euro, pound sterling, Japanese yen, Swiss franc, Australian dollar, Canadian dollar and New Zealand dollar, the currencies of the major forex pairs.
Calculators are for education and planning. They do not account for your broker's spread, commission, swap or contract terms. Trading forex and CFDs carries a high risk of losing money. Read our risk disclosure.