Use these free Forex calculators to view the live currency exchange rates and pip values for the major global currencies.

Currency Converter Calculator:

Forex Pip Calculator:

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There are many free resources available online for Forex traders and non-traders alike, who want to know certain things about the currency market such as the current exchanges rates or the different pip values associated with certain currency pairs. These resources can be valuable tools and can save a person from having to make such calculations manually, something which can take a lot of time.

By utilizing these Forex calculator tools, a person is also less prone to making errors when doing their calculations. Since a currency calculator is programmed to do a specific type of calculation, all that is required is to enter a few values, and the tool will automatically spit out the answer.

There are a number of different calculators available, but the most common are the currency converter calculator (CCC), and the pip calculator.

The CCC tool has three values associated with it. The first is the currency that acts as the “from” currency, the second is the currency that acts as the “to” currency, and the third is the amount of money that will be converted. It is very easy to switch change these values quickly to due multiple calculations if necessary. It is important to note that this tools is also known as a currency exchange calculator; both tools have the exact same function.

The pip calculator on the other hand is a completely different tool that is geared more towards Forex traders. It shows the value of the smallest price movement of a given currency pair, based on the amount of lots traded. This smallest price movement is called a pip and is usually occurs at the 4th decimal place (or 2nd decimal place for USD/JPY pairs) for most pairs. The lot size is also known as a traders position size and can be as small as 0.01, also known as a micro lot, all the way up to an infinite number of standard lots (one standard lot being 1.0).

Generally, the Forex pip calculator requires a person to enter the lot size, the desired currency pair and the currency that the answer will be shown in. This is a valuable tool for any Forex traders as it can help dramatically in properly managing trade equity, especially when trading multiple currency pairs.

Although there are other tools available that will do many advanced calculations, these two tools are the most common and useful in the industry. Since these resources are completely free, it is highly recommended that they be put to use, as they help dramatically in saving both time and the potential for manual calculation errors.