Zerodha Currency Profit Calculator

P&L Formula:

\[ P\&L = (Sell\ Rate - Buy\ Rate) \times Amount - Charges \]

Sell Rate:

currency/unit

Buy Rate:

currency/unit

Amount:

units

Charges:

INR

P&L (INR):

Unit Converter ▲

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1. What is the Zerodha Currency Profit Calculator?

The Zerodha Currency Profit Calculator helps traders calculate profit and loss for currency derivatives traded on the Zerodha platform. It uses the standard P&L formula accounting for buy/sell rates, trade amount, and transaction charges.

2. How Does the Calculator Work?

The calculator uses the P&L formula:

\[ P\&L = (Sell\ Rate - Buy\ Rate) \times Amount - Charges \]

Where:

\( Sell\ Rate \) — Selling price of the currency derivative (currency/unit)
\( Buy\ Rate \) — Buying price of the currency derivative (currency/unit)
\( Amount \) — Quantity of units traded
\( Charges \) — Total transaction charges in INR

Explanation: The formula calculates the difference between selling and buying rates multiplied by the trade amount, then subtracts all applicable charges to determine net profit or loss.

3. Importance of P&L Calculation

Details: Accurate P&L calculation is crucial for currency derivatives trading to assess trade performance, manage risk, and make informed trading decisions. It helps traders understand their actual returns after accounting for all costs.

4. Using the Calculator

Tips: Enter sell rate and buy rate in currency per unit, amount in units, and charges in INR. All values must be valid positive numbers with amount greater than zero.

5. Frequently Asked Questions (FAQ)

Q1: What currency pairs does this calculator support?
A: This calculator works for all major currency pairs traded on Zerodha including USDINR, EURINR, GBPINR, JPYINR, and other currency derivatives.

Q2: What charges are included in the calculation?
A: Charges include brokerage, transaction charges, GST, SEBI charges, stamp duty, and any other applicable fees on Zerodha platform.

Q3: Can this calculator be used for intraday trading?
A: Yes, the calculator works for both intraday and delivery trades in currency derivatives.

Q4: How accurate is the P&L calculation?
A: The calculation is mathematically accurate based on the inputs provided. However, actual P&L may vary slightly due to real-time price fluctuations and exact charge calculations.

Q5: Does this account for currency conversion rates?
A: The calculator assumes rates are already in the appropriate currency units. For cross-currency pairs, ensure rates are properly converted before input.