Forex Calculator
Calculate foreign exchange rates and currency conversions with real-time analysis.
Currency Exchange
1 USD = 0.9200 EUR
Transfer Details
Percentage of amount
Flat fee amount
Exchange Results
You Send
USD
They Receive
EUR
Effective Rate
After fees: No fees
Rate Volatility
Daily fluctuations can impact large transfers significantly
Potential Savings
Using an online service instead of traditional bank transfer could save:
Online services typically offer better rates and lower fees
How it works
A forex calculator works out the value of a currency-trade position and its profit or loss. Profit depends on how many pips the rate moved, the pip value (which depends on lot size), and the number of lots traded.
Forex profit
Profit = pips moved × pip value × lots Pip value ≈ (0.0001 ÷ rate) × lot size
- pip
- smallest price move, usually 0.0001
- lot
- standard lot = 100,000 units
Worked example
- 1 standard lot of EUR/USD
- Gains 50 pips (pip value ≈ $10)
- Profit = 50 × $10 × 1
$500 profit on the move.
Good to know
- Leverage magnifies both gains and losses — a small adverse move can wipe out a thin margin.
- Pip value depends on the lot size and the quote currency.
- Spreads, swaps, and commissions reduce net profit.
Related Calculators
Frequently Asked Questions
How is a currency conversion calculated?
Multiply the amount by the exchange rate: converting 1,000 USD at a EUR/USD rate of 1.10 gives about 909 EUR (1,000 ÷ 1.10). Rates move constantly during market hours, so the figure you see is a snapshot, not a locked-in price.
Why is my bank's exchange rate worse than the rate I see online?
Published rates are usually the mid-market rate — the midpoint between buy and sell prices. Banks and transfer services add a spread or markup, often 1-3% for retail customers, plus fixed fees. Comparing the effective rate you actually receive reveals the true cost.
What is a pip in forex trading?
A pip is the standard smallest price move for a currency pair — 0.0001 for most pairs (the fourth decimal), or 0.01 for Japanese yen pairs. Traders quote gains, losses, and spreads in pips.
How do I compare the real cost of sending money abroad?
Look past the advertised "zero fee" claims: compute how much foreign currency actually arrives per dollar sent, including both the fee and the exchange-rate markup. A service with a small fee but a poor rate often costs more than one with a visible fee and a near-mid-market rate.
What makes exchange rates move?
Interest rate differences between countries, inflation, trade balances, economic data, and market sentiment all drive currency values. Central bank decisions tend to cause the sharpest moves, which is why rates can change significantly within a single day.