One of the most traded types of binary options are options on currencies (also called 'forex'). Binary options on currencies are available day and night, and offer attractive opportunities for profit when the rest of the economy fails. If you trade in these options, it is useful to always have a currency converter at hand.

Foreign currency conversion

With the binary options currency conversion chart below you can easily convert any currency into other currencies*. So you always know the current exchange rate directly. And if you are experienced in trading currencies (or 'forex trading'), then you are also able to tell if the price is relatively high or low. And thus whether you should buy a call option or a put option on a currency pair. (More information about how to learn forex trading can be found at for example Forexcoach.nl.)

Apart from trading binary options on currencies, the currency calculator is also useful for calculating the value of your trading account. Many binary options brokers offer accounts in United States dollars (USD), and it's very handy to know what exactly your account is worth in pounds sterling.

Finally, you can use the currency converter if you are going on vacation, to convert the money you've earned with the binary option trade. Maybe you want to go out partying in Rio de Janeiro, or a tour through Australia. It is quite useful to know what the Brazilian real (BRL) or the Australian dollar (AUD) is worth. Anyway, we hope that this binary options tool makes your life a bit easier!

*In the currency conversion table, there is a list of the abbreviation of the currencies used. These are common international abbreviations. To find out what an abbreviation means, you can consult this page.