Easily convert cash from one currency to another in IBKR
Currency conversion in IBKR
Easily convert cash from one currency to another using the currency conversion tool.
You simply have to select the currency you want to sell and enter the amount of the currency you want to buy.
You may read more about currency conversion in IBKR HERE.
Automatic currency conversions may be made when the account accumulates balances, either positive or negative, in different currencies than the account's base currency with a notional value of less than 20 USD.
Commissions applied and minimum per order
Additionally, you may check HERE. all the commissions charged by IBKR when converting one currency into another.
The minimum cost per order is 2 USD.