Currency Converter
Convert any amount from one currency to another using the current exchange rate. See the converted amount and the inverse rate instantly.
How many USD for 1 EUR — use your broker's current rate
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What is the Currency Converter?
A currency converter turns an amount in one currency into its equivalent in another by multiplying it by an exchange rate. It's the everyday math behind sizing a deposit, reading a withdrawal, or translating profit and loss when your trading account is denominated in a different currency than the one you're thinking in.
This calculator uses the rate you enter — it does not pull live market rates. That's deliberate: FX prices move every second, and the spread your broker or bank gives you is rarely the mid-market rate you'd see on a news site. For an accurate result, grab the current quote from your broker's platform and type it in. The rate is expressed as units of the TO currency per 1 unit of the FROM currency.
Converted = Amount × Rate | Inverse rate = 1 ÷ Rate
Say you want to fund a USD account with 1,000 EUR and your broker shows EUR/USD at 1.0850. That rate means 1 EUR buys 1.0850 USD, so 1,000 × 1.0850 = 1,085.00 USD. The inverse rate, 1 ÷ 1.0850 = 0.9217, tells you each USD is worth about 0.9217 EUR — handy when you later convert the balance back.
How to Use This Calculator
Using This Calculator
- Amount — Enter how much of the FROM currency you want to convert (your deposit size, withdrawal, or P&L figure).
- From currency — The currency you currently hold or are quoting in. This is the "1 unit" on the left side of the rate.
- To currency — The currency you want the result in.
- Exchange rate — Enter units of the TO currency per 1 FROM currency, taken from your broker's current quote. For EUR to USD at EUR/USD 1.0850, enter 1.0850.
The result shows the converted amount plus the inverse rate, so you can sanity-check the direction and convert back if needed.
Real-World Example
Worked Example: Sizing a GBP Withdrawal in USD
You're withdrawing 2,500 GBP from a USD-denominated account and want to know the dollar value before fees:
- Amount: 2,500
- From currency: GBP
- To currency: USD
- Exchange rate (GBP/USD): 1.2720
Converted = 2,500 × 1.2720 = 3,180.00 USD.
Inverse rate = 1 ÷ 1.2720 = 0.7862, so each USD is worth about 0.7862 GBP. If you later move that 3,180 USD back to GBP at the same rate, 3,180 × 0.7862 ≈ 2,500 GBP — confirming the conversion is consistent.
When to Use
Reach for this tool any time money crosses a currency boundary in your trading. The most common cases are sizing a deposit (how much of your home currency you need to fund a foreign-denominated account), reading a withdrawal back into your home currency, and translating P&L so a profit shown in USD makes sense in EUR, GBP, or your local currency.
- Funding or withdrawing from a broker account in a different base currency.
- Converting realized or unrealized P&L into your home currency for record-keeping or taxes.
- Comparing prices, fees, or margin requirements quoted in another currency.
- Double-checking a broker's auto-conversion against the mid-market rate to spot the markup.
Common Mistakes
- Inverting the rate. Entering the rate the wrong way round (e.g. 0.9217 instead of 1.0850 for EUR to USD) flips the result. The rate is always TO per 1 FROM — if the answer looks off by a lot, you've likely swapped it.
- Using the mid-market rate as if it were yours. Brokers and banks add a spread or conversion fee. The news headline rate is not what hits your account, so use the actual quote from your platform.
- Assuming the rate is live. This tool uses the number you type. A rate you saved yesterday can be off by a percent or more on a volatile day.
- Forgetting conversion fees. The converted amount is gross. Subtract any flat or percentage conversion fee separately to get what actually lands.
- Mixing up which currency is FROM. Converting 1,000 USD to EUR is not the same as 1,000 EUR to USD — set the direction before reading the rate.
Frequently Asked Questions
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