Quote Currency Converter

How to use this tool

1. Identify the quote-currency amount and confirm the order of the currency pair.
2. Enter the number of quote units equal to one base unit.
3. Add the estimated conversion fee or markup.
4. Enter the optional base-to-account rate only when a third currency is required.
5. Review gross base, fee, net base, and optional account amounts.
6. Verify the executable provider rate, spread, fixed fees, and settlement amount.

See the calculation in context

At a rate of 1.1000 quote units per base unit, 1,100 quote units equal 1,000 base units before fees. A 0.5% fee leaves an estimated 995 base units.

Calculation method

Gross base amount = quote amount ÷ quote units per base unit. Net base amount = gross base amount − percentage fee. Optional account amount = net base amount × base-to-account rate.

Common mistakes

1. Multiplying when the quote amount should be divided by the pair rate
2. Reversing the pair without using the inverse rate
3. Ignoring hidden spread when the listed fee is zero
4. Applying the fee in the wrong currency
5. Using a stale reference rate
6. Converting into a third currency twice

Questions and answers