Enter a currency pair with manual bid and ask prices. The tool explains both quote sides, identifies the side used to buy or sell the base currency and calculates the midpoint and displayed spread.
Manual prices only
Educational information only. This tool does not retrieve live prices, submit orders or provide executable quotations.
Popular pairs
Pair builderChoose base and quote currencies
Inverting a two-way quote also reverses its bid and ask sides mathematically.
Interpreted two-way quoteEUR/USD
Normal quote
Bid1.0998
Sell EUR and receive USD at the bid.
USD per EURAsk1.1000
Buy EUR and pay USD at the ask.
USD per EURApplicable sideAsk
Selected price: 1.1000
Buying the base currency uses the ask.
Displayed spread0.0002
1.1000 − 1.0998
Midpoint1.0999
(Bid + Ask) ÷ 2
Illustrative spread in pips2 pips
Using a pip size of 0.0001.
Amount resultNo amount entered
Enter a base amount for a conversion estimate.
Mathematical inverse pairUSD/EUR
Inverse bid0.90909091 1 ÷ original ask
Inverse ask0.90925623 1 ÷ original bid
The spread-in-pips output uses the entered or automatically suggested pip size. Instrument conventions can vary and should be verified separately.