Forex Calculator

Calculate currency exchange rates, pip values, position sizes, profit/loss for forex trading with real-time conversion rates

Leave blank for current market rate

Currency Conversion Result

0.00 Converted Amount
0.0000 Exchange Rate
0.00 Conversion Fee
Reverse Rate: 0.0000
Rate Source: Market Rate
Last Updated: Now
Number of pips moved

Pip Value Analysis

0.00 Pip Value
0.00 Total P&L
0.0001 Pip Size
Contract Size: 100,000
Per Pip (1 Lot): $10.00
Pair Type: Major
Recommended: 1-2% per trade

Position Size Analysis

0.00 Position Size (Lots)
$0.00 Risk Amount
0 Units
Margin Required: $0.00
Max Loss: $0.00
Risk-Reward Ratio: 1:1

How to Use the Forex Calculator

Our comprehensive forex calculator provides essential tools for currency exchange and forex trading analysis:

💱 Currency Converter

Convert currencies using real-time exchange rates. Current USD/INR rate ~88.12, EUR/INR ~103.16. Mid-market rates are best for reference. Banks typically charge 2-4% spread. Money changers may offer better rates than banks for cash exchange. Use live rates for accurate conversions.

📊 Pip Calculator

Calculate pip value for forex trading. Pip = Point in Percentage, smallest price move. For most pairs: 1 pip = 0.0001, JPY pairs: 1 pip = 0.01. Standard lot (100,000 units): EUR/USD pip = $10. Mini lot (10,000): pip = $1. Micro lot (1,000): pip = $0.10.

📏 Position Size Calculator

Calculate optimal position size for risk management. Risk 1-2% of account per trade. Formula: Position Size = (Risk Amount ÷ Stop Loss in Pips) ÷ Pip Value. For $10,000 account, 2% risk, 50 pip SL: position = ($200 ÷ 50) ÷ $10 = 0.4 lots.

Key Features: Real-time exchange rates, multiple currency pairs, risk management tools, pip value calculations. Essential for forex traders to manage risk and calculate profits/losses accurately. Always use proper position sizing to protect capital.

Frequently Asked Questions

What is a pip in forex trading?
Pip stands for "Point in Percentage" - the smallest price movement in a currency pair. For most pairs, 1 pip = 0.0001 (4th decimal place). For JPY pairs, 1 pip = 0.01 (2nd decimal place). Example: EUR/USD moves from 1.1000 to 1.1001 = 1 pip movement. Pip value depends on trade size and account currency[474][477].
How do I calculate position size for forex trading?
Position size = (Account Balance × Risk %) ÷ (Stop Loss in Pips × Pip Value). Example: $10,000 account, 2% risk, 50-pip stop loss, EUR/USD (pip value $10): Position = ($10,000 × 0.02) ÷ (50 × $10) = 0.4 lots. Never risk more than 2% per trade[465][470].
Where can I get the best currency exchange rates?
Best rates typically: Online money transfer services (Wise, Remitly) > Local money changers > Banks > Airports. Banks charge 2-4% spread, airports charge 5-8%. For travel, order currency online or use forex cards. For large amounts, compare multiple sources. Current USD/INR ~88.12, rates fluctuate throughout the day[440][450].
What are major, minor, and exotic currency pairs?
Major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD (most liquid, tightest spreads). Minor pairs: EUR/GBP, EUR/JPY, GBP/JPY (cross-currency pairs). Exotic pairs: USD/INR, USD/TRY, EUR/TRY (higher spreads, more volatile). Majors account for 85% of forex trading volume[434][482].
How does leverage work in forex trading?
Leverage allows trading larger positions with smaller capital. 1:100 leverage means $1,000 can control $100,000 position. Higher leverage increases both profit potential and risk. In India, retail forex trading limited to currency futures on exchanges (NSE, BSE) with lower leverage. International brokers offer higher leverage but not regulated in India[462][479].