Cross-Rate Calculator
Quick currency conversions, no guesswork.
Convert between USD, EUR, GBP, JPY, CHF, AUD, CAD, and NZD using approximate mid-market rates. Useful for quick reference when sizing trades, estimating exposure in your account currency, or understanding what a pip value means in a different denomination.
Rates are approximate mid-market estimates. Use your broker's live quote for precision.
What it is
A cross rate is the exchange rate between two currencies that are both quoted against a third currency (usually USD). For example, the EUR/GBP rate is derived from the EUR/USD and GBP/USD rates. This calculator gives you quick conversions between 8 major currencies so you can estimate values without switching to a separate forex quotes page. The rates are approximate mid-market rates — not live tradeable quotes.
When to use it
When you need a quick sanity check on currency conversions: How much is 500 pips on GBP/JPY worth in USD? What does a 10,000-unit position in AUD/CHF cost in euros? When your account is denominated in one currency but you're trading a pair denominated in another. When comparing trade setups across different pairs and you need everything in the same currency to compare apples to apples.
The formula
Direct conversion: Amount in target currency = Amount × Exchange rate Cross-rate calculation (when neither currency is USD): EUR/GBP = EUR/USD ÷ GBP/USD Inverse rate: If USD/JPY = 150.00, then JPY/USD = 1 ÷ 150.00 = 0.006667 Example: Convert $1,000 to EUR when EUR/USD = 1.0850 $1,000 ÷ 1.0850 = €921.66 Example (cross-rate): EUR/GBP when EUR/USD = 1.0850 and GBP/USD = 1.2700 EUR/GBP = 1.0850 ÷ 1.2700 = 0.8543
How to use it
- 1. Pick your source currency and amount
Enter the amount you want to convert and select the currency it's currently in. This is the 'from' side of the conversion.
- 2. Pick your target currency
Select the currency you want to convert to. The calculator will show the converted amount using the approximate mid-market rate.
- 3. Use the result as a reference, not a quote
The rates here are approximate. Your broker's actual rate will differ by the spread. For exact conversion, check your broker's live quotes — but for sizing and planning, this is close enough.
- 4. Cross-check pip values and margin in your account currency
If your account is in EUR but you're trading USD/JPY, use this tool to convert the pip value and margin requirement into EUR so your risk math is accurate.
Common mistakes
- ✗Treating approximate rates as live tradeable quotes. These are mid-market estimates — your broker's bid/ask will differ, especially on exotic crosses.
- ✗Forgetting to convert pip values to your account currency. If your account is in GBP but the pip value is quoted in USD, your actual P&L will vary with the GBP/USD rate.
- ✗Confusing direct and indirect quotes. EUR/USD = 1.0850 means 1 EUR costs 1.0850 USD. USD/JPY = 150 means 1 USD costs 150 JPY. The base currency is always the one you have 1 of.