{"id":9318,"date":"2022-11-22T16:13:00","date_gmt":"2022-11-22T21:13:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/trading-lessons\/converting-currency\/"},"modified":"2024-02-16T04:36:13","modified_gmt":"2024-02-16T04:36:13","slug":"converting-currency","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/","title":{"rendered":"Converting Currency"},"content":{"rendered":"\n<p>The Interactive Brokers\u2019 GlobalTrader app allows the investor to fund their account using one of more than 20 different currencies and convert to the currency needed for the market where they want to invest.<\/p>\n\n\n\n<p><strong><u>How to Convert Currency in GlobalTrader?<\/u><\/strong><\/p>\n\n\n\n<p>To convert currency using the GlobalTrader app, the investor can tap on the <strong>Convert icon<\/strong> on the <strong>Home <\/strong>screen. From there, a list of currencies available will populate the screen. The investor can scroll through the screen and tap on the currency they would like. For this example, while the account is funded using US Dollars (USD), the investor chooses the Swedish Krona or SEK.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/Convert-Currency-1.jpg\" alt=\"\" class=\"wp-image-188885 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p>Next, the investor is prompted to choose which currency to convert from. Notice in this example that the investor can choose to convert from United States Dollars to Swedish Krona.<\/p>\n\n\n\n<p>Not all currency pairs are supported. For instance, the Canadian Dollars the investor owns could not be converted directly. Canadian Dollars would first need to be converted to US Dollars (USD) and subsequently converted to Swedish Krona.<\/p>\n\n\n\n<p>A list of supported pairs can be found by tapping on the blue <strong>Show supported pairs<\/strong> line and then tapping on the blue \u201cIDEAL PRO\u201d wording.<\/p>\n\n\n\n<p>In this scenario, the investor chooses to convert some of their United States Dollars to Swedish Krona by tapping on the USD icon. The investor now chooses the value in USD that they want to convert from or the value of SEK they want to convert to. After inputting the desired value, they tap on the <strong>Preview<\/strong> button at the bottom of the screen and after reviewing the information tap on <strong>Convert<\/strong>. The investor is notified that the conversion is initiated and can choose to convert more or tap on <strong>Done<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/Convert-Currency-2.jpg\" alt=\"\" class=\"wp-image-188887 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p>The currency position will now be shown in the <strong>Portfolio page<\/strong> and can be used to purchase supported instruments in that region.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Interactive Brokers\u2019 (IBKR) GlobalTrader app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where they want to invest.<\/p>\n","protected":false},"author":899,"featured_media":9331,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":true,"footnotes":""},"contributors-categories":[149],"traders-academy":[100,103,105],"class_list":{"0":"post-9318","1":"trading-lessons","2":"type-trading-lessons","3":"status-publish","4":"has-post-thumbnail","6":"contributors-categories-interactive-brokers","7":"traders-academy-beginner-trading","8":"traders-academy-level","9":"traders-academy-trading-lesson"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives | Traders&#039; Academy | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/trading-lessons\/9318\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Converting Currency\" \/>\n<meta property=\"og:description\" content=\"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where they want to invest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-16T04:36:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2022\/11\/Convert-Currency-Final-1100x619-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/\",\n\t            \"name\": \"Converting Currency - IBKR Campus EU\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/11\\\/Convert-Currency-Final-1100x619-1.jpeg\",\n\t            \"datePublished\": \"2022-11-22T21:13:00+00:00\",\n\t            \"dateModified\": \"2024-02-16T04:36:13+00:00\",\n\t            \"description\": \"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where they want to invest.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/11\\\/Convert-Currency-Final-1100x619-1.jpeg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/11\\\/Convert-Currency-Final-1100x619-1.jpeg\",\n\t            \"width\": 1100,\n\t            \"height\": 619,\n\t            \"caption\": \"screenshot from IBKR mobile\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/converting-currency\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"Academy Lessons\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/trading-lessons\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 3,\n\t                    \"name\": \"Converting Currency\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus EU\",\n\t            \"description\": \"\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Archives | Traders' Academy | IBKR Campus","description":"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/trading-lessons\/9318\/","og_locale":"en_US","og_type":"article","og_title":"Converting Currency","og_description":"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where they want to invest.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/","og_site_name":"IBKR Campus EU","article_modified_time":"2024-02-16T04:36:13+00:00","og_image":[{"width":1100,"height":619,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2022\/11\/Convert-Currency-Final-1100x619-1.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/","url":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/","name":"Converting Currency - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2022\/11\/Convert-Currency-Final-1100x619-1.jpeg","datePublished":"2022-11-22T21:13:00+00:00","dateModified":"2024-02-16T04:36:13+00:00","description":"The IBKR GlobalTrader mobile app allows the investor to deposit in over 20 different currencies and convert to the currency needed for the market where they want to invest.","breadcrumb":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2022\/11\/Convert-Currency-Final-1100x619-1.jpeg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2022\/11\/Convert-Currency-Final-1100x619-1.jpeg","width":1100,"height":619,"caption":"screenshot from IBKR mobile"},{"@type":"BreadcrumbList","@id":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/converting-currency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"Academy Lessons","item":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/"},{"@type":"ListItem","position":3,"name":"Converting Currency"}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.eu\/campus\/#website","url":"https:\/\/ibkrcampus.eu\/campus\/","name":"IBKR Campus EU","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.eu\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/trading-lessons\/9318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/trading-lessons"}],"about":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/types\/trading-lessons"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/users\/899"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/comments?post=9318"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/trading-lessons\/9318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/9331"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=9318"}],"wp:term":[{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=9318"},{"taxonomy":"traders-academy","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/traders-academy?post=9318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}