Paramount Logo
Paramount
Markets
Back to Trading Tools

Forex Calculator

Convert currencies and calculate exchange rates for your forex trading

Currency Converter

Exchange Rate:1 EUR = 1.08000 USD

Summary

Conversion Result

$0.00
€1000.00 = $0.00
Exchange Rate
1 EUR = 1.08000 USD
Inverse Rate
1 USD = 0.92593 EUR

This calculator provides current exchange rates for the most commonly traded currency pairs. Rates are for informational purposes only.

How to Use the Forex Calculator

Step 1: Enter Amount

Select your base currency and enter the amount you want to convert. This is typically the currency you currently hold.

Step 2: Choose Target Currency

Select the currency you want to convert to (quote currency). This is typically the currency you want to obtain.

Step 3: View Conversion

The calculator will automatically display the converted amount based on current exchange rates. Click "Convert Currency" to refresh the calculation.

Step 4: Analyze Results

Review the conversion result and exchange rate information in the summary panel. You can use the swap button to quickly reverse the currency pair.

Understanding Currency Pairs

Major Pairs

Major currency pairs are the most traded forex pairs and all include the USD. Examples include EUR/USD, GBP/USD, USD/JPY, and USD/CHF. These pairs typically have the tightest spreads and highest liquidity.

Cross Pairs

Cross currency pairs don't include the USD but feature major currencies like the EUR, GBP, or JPY. Examples include EUR/GBP, EUR/JPY, and GBP/JPY. These pairs often have wider spreads than major pairs.

Exotic Pairs

Exotic pairs consist of a major currency paired with the currency of an emerging or smaller economy. These pairs typically have wider spreads and can be more volatile than major or cross pairs.

Payment Methods

Crypto
Wire Transfer
Local Transfer