Beginner Course
What forex is, how currency pairs are quoted, and the core mechanics every trader must understand: pips, lots, leverage, margin, spreads, orders and basic risk management.
- Lessons
- 13 lessons
- Total reading time
- 51 min
Free tools · No sign-up · Honest data labels
Explore Forex markets, calculate trading risk, convert currencies and learn everything about financial markets with FXPIPS ONLINE.
EUR/USD · 12 months
1.1267-1.95% 1Y
ECB ref. 4 Nov 2026
Market overview
Daily reference rates published by the European Central Bank. They are not live dealing prices — every figure shows its source, date and classification.
EUR/USD
Reference rate
1.12670
Change versus previous reference rate: +0.79%
Prev. 1.11791
GBP/USD
Reference rate
1.34998
Change versus previous reference rate: +0.66%
Prev. 1.34108
USD/JPY
Reference rate
158.250
Change versus previous reference rate: -0.03%
Prev. 158.290
AUD/USD
Reference rate
0.70151
Change versus previous reference rate: +0.45%
Prev. 0.69837
USD/CAD
Reference rate
1.39350
Change versus previous reference rate: -0.29%
Prev. 1.39750
USD/CHF
Reference rate
0.81548
Change versus previous reference rate: -0.54%
Prev. 0.81993
NZD/USD
Reference rate
0.56370
Change versus previous reference rate: +0.23%
Prev. 0.56243
EUR/GBP
Reference rate
0.83460
Change versus previous reference rate: +0.12%
Prev. 0.83359
Daily ECB reference rates with cross rates derived via USD — for information only, not executable trading quotes. % change is versus the previous reference date (2026-11-03).
Forex calculators
Instant, private calculations in your browser — formulas and worked examples on every page.
What one pip is worth in your account currency, for any pair and size.
Turn a risk percentage and stop distance into a lot size.
Size forex, gold, silver or custom instruments from entry and stop prices.
Pips, gross and net result after spread, commission and swap.
Margin required to open a position at your broker's leverage.
Effective leverage and exposure across several open positions.
Risk and reward distances, ratio and break-even win rate.
Hypothetical growth of an account with periodic returns and deposits.
Free downloads
TradingView and MetaTrader 5 tools with full source code, settings guides and honest limitations — no sign-up.
Currency converter
ECB reference rates, updated once per working day.
1,000.00 USD equals 94,640.00 INR
Reference rates are published once per working day for information only. They are not executable trading quotes — banks, card issuers and brokers apply their own bid/ask prices and fees.
Converting US Dollar to Indian Rupee.
Market hours
Session times follow each city’s local clock, so daylight-saving changes are handled automatically.
Forex session clock · your time zone
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Loading local time…
UTC --:--:--
Checking session overlaps…
Economic calendar
Only events published by an official source are listed.
Forex Academy
Three free, structured courses with quizzes, printable worksheets and progress tracking saved in your browser.
What forex is, how currency pairs are quoted, and the core mechanics every trader must understand: pips, lots, leverage, margin, spreads, orders and basic risk management.
Technical analysis without the hype: support and resistance, trendlines, moving averages, RSI, MACD, Bollinger Bands, Fibonacci, candlestick and chart patterns, risk/reward and trading psychology.
What moves currencies over months and years: interest rates, central bank policy, inflation, GDP, employment data, correlation, volatility, liquidity and portfolio-level risk.
Analysis & explainers
Original, sourced writing on central banks, currencies and gold. Facts and opinion clearly separated — no trade signals.
How high-impact economic releases affect forex spreads, volatility and slippage, and practical steps to manage event risk before, during and after a release.
FXPIPS Editorial Desk 5 min read
Learn why interest rate decisions, policy statements and forward guidance from central banks are among the most powerful drivers of exchange rates.
FXPIPS Editorial Desk 5 min read
A step-by-step framework for preparing your own weekly forex outlook: review the calendar, central banks, key levels and risk, without relying on predictions.
FXPIPS Editorial Desk 5 min read
Financial markets
How the major asset classes work and what drives them.
Majors, minors and exotics with daily ECB reference rates and history.
How XAU/USD is quoted and what moves it — real rates, the dollar, demand.
The precious metal with an industrial side, and why it is more volatile.
WTI and Brent crude benchmarks with official EIA price history.
S&P 500, Nifty 50 and other benchmarks, and how equities link to FX.
Bitcoin, Ether and other large assets with delayed prices from CoinGecko.
Stay in the loop
New lessons, tool updates and explainers. No hype, no signals, no spam — confirm by email and unsubscribe any time.
· 08:30 America/New_York · US · USD
Productivity and Costs· 08:30 America/New_York · US · USD
Employment Situation· 08:30 America/New_York · US · USD
Consumer Price Index· 08:30 America/New_York · US · USD
Producer Price Index· 10:00 America/New_York · US · USD
Job Openings and Labor Turnover Survey· 08:30 America/New_York · US · USD
Employment Situation