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Practical reading · Hypothetical example

Account currency: separate exchange rates, fees and gambling losses

Conversion can change a debit or receipt without being a gambling outcome. Keep currency, applied rate and fees for every transaction.

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01

Define the rate direction

Write units: “€1 = 1.10 foreign units” means multiply euros by 1.10 to obtain that currency. Reverse conversion divides. A rate without units is ambiguous.

02

Calculate a hypothetical deposit

Assume €100 converted at 1.10 foreign units per euro, then a fee of two destination units: 108 units arrive. If €2 is charged before conversion, 107.80 arrive. Fee currency and timing matter.

03

Do not substitute a reference rate

ECB reference rates are informational, not a guaranteed transaction price. Use the provider receipt with date, effective rate and commissions. This example reproduces no current rate.

04

Separate reconciliation items

Choose a reporting currency and retain actual conversions over the same period. Do not compare euro deposits with dollar withdrawals without a method. Separate exchange variation, fees and gambling results; conversion does not make gambling profitable.

Practical reference

Compare the decisive details

Educational example: check the parameters of your own situation.

ItemCheckLimit
RateUnits and directionMultiply or divide correctly
FeesCurrency and timingBefore or after conversion
ReceiptActual debitNot an indicative rate
ReconciliationCommon methodSeparate exchange and gambling

Continue with a useful action

Read the linked guide or use the tool, then check applicable conditions and sources.

Official sources

Check with your own assumptions

Open the calculator for this guide. Values stay in your browser; the result predicts no winnings.

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