Currency conversion cost
Enter your broker’s spread to see what currency conversion costs, per trade and over years.
Hover or tap a bar to see that year.
Show the figures for every year
How this is worked out
- Where the cost is. Brokers and robo-advisers rarely charge a visible fee. They give a rate slightly worse than the market rate and keep the difference.
- You pay it twice. A 0.5% spread is paid again when you convert back, so the round trip costs 1%.
- Find your spread. Compare the rate your platform quotes with the mid-market rate at the same moment.
- Spreads differ widely. From a few hundredths of a percent to half a percent or more, depending on the platform.
- It is an extra cost. It comes on top of the fund’s expense ratio and any commission.