diff --git a/freqtrade/freqtradebot.py b/freqtrade/freqtradebot.py
index 35c0a1705..4296334f1 100644
--- a/freqtrade/freqtradebot.py
+++ b/freqtrade/freqtradebot.py
@@ -16,7 +16,6 @@ from cachetools import TTLCache, cached
 from freqtrade import (DependencyException, OperationalException,
                        TemporaryError, __version__, constants, persistence)
 from freqtrade.exchange import Exchange
-from freqtrade.fiat_convert import CryptoToFiatConverter
 from freqtrade.persistence import Trade
 from freqtrade.rpc import RPCManager, RPCMessageType
 from freqtrade.state import State
@@ -49,7 +48,6 @@ class FreqtradeBot(object):
         # Init objects
         self.config = config
         self.strategy: IStrategy = StrategyResolver(self.config).strategy
-        self.fiat_converter = CryptoToFiatConverter()
         self.rpc: RPCManager = RPCManager(self)
         self.persistence = None
         self.exchange = Exchange(self.config)
@@ -363,12 +361,6 @@ class FreqtradeBot(object):
 
         order_id = self.exchange.buy(pair, buy_limit, amount)['id']
 
-        stake_amount_fiat = self.fiat_converter.convert_amount(
-            stake_amount,
-            stake_currency,
-            fiat_currency
-        )
-
         self.rpc.send_msg({
             'type': RPCMessageType.BUY_NOTIFICATION,
             'exchange': self.exchange.name.capitalize(),
@@ -376,7 +368,6 @@ class FreqtradeBot(object):
             'market_url': pair_url,
             'limit': buy_limit,
             'stake_amount': stake_amount,
-            'stake_amount_fiat': stake_amount_fiat,
             'stake_currency': stake_currency,
             'fiat_currency': fiat_currency
         })
@@ -643,14 +634,7 @@ class FreqtradeBot(object):
         if 'stake_currency' in self.config and 'fiat_display_currency' in self.config:
             stake_currency = self.config['stake_currency']
             fiat_currency = self.config['fiat_display_currency']
-            fiat_converter = CryptoToFiatConverter()
-            profit_fiat = fiat_converter.convert_amount(
-                profit_trade,
-                stake_currency,
-                fiat_currency,
-            )
             msg.update({
-                'profit_fiat': profit_fiat,
                 'stake_currency': stake_currency,
                 'fiat_currency': fiat_currency,
             })
diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index 02b74358e..ea978bf8d 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -12,6 +12,7 @@ from telegram.error import NetworkError, TelegramError
 from telegram.ext import CommandHandler, Updater
 
 from freqtrade.__init__ import __version__
+from freqtrade.fiat_convert import CryptoToFiatConverter
 from freqtrade.rpc import RPC, RPCException, RPCMessageType
 
 logger = logging.getLogger(__name__)
@@ -66,6 +67,7 @@ class Telegram(RPC):
         self._updater: Updater = None
         self._config = freqtrade.config
         self._init()
+        self._fiat_converter = CryptoToFiatConverter()
 
     def _init(self) -> None:
         """
@@ -114,6 +116,9 @@ class Telegram(RPC):
         """ Send a message to telegram channel """
 
         if msg['type'] == RPCMessageType.BUY_NOTIFICATION:
+            msg['stake_amount_fiat'] = self._fiat_converter.convert_amount(
+                msg['stake_amount'], msg['stake_currency'], msg['fiat_currency'])
+
             message = "*{exchange}:* Buying [{pair}]({market_url})\n" \
                       "with limit `{limit:.8f}\n" \
                       "({stake_amount:.6f} {stake_currency}," \
@@ -135,6 +140,8 @@ class Telegram(RPC):
             # This might not be the case if the message origin is triggered by /forcesell
             if all(prop in msg for prop in ['gain', 'profit_fiat',
                                             'fiat_currency', 'stake_currency']):
+                msg['profit_fiat'] = self._fiat_converter.convert_amount(
+                    msg['profit_amount'], msg['stake_currency'], msg['fiat_currency'])
                 message += '` ({gain}: {profit_amount:.8f} {stake_currency}`' \
                            '` / {profit_fiat:.3f} {fiat_currency})`'.format(**msg)
 
diff --git a/freqtrade/tests/test_main.py b/freqtrade/tests/test_main.py
index 446945a07..80f5367b8 100644
--- a/freqtrade/tests/test_main.py
+++ b/freqtrade/tests/test_main.py
@@ -62,7 +62,6 @@ def test_main_fatal_exception(mocker, default_conf, caplog) -> None:
         'freqtrade.configuration.Configuration._load_config_file',
         lambda *args, **kwargs: default_conf
     )
-    mocker.patch('freqtrade.freqtradebot.CryptoToFiatConverter', MagicMock())
     mocker.patch('freqtrade.freqtradebot.RPCManager', MagicMock())
 
     args = ['-c', 'config.json.example']
@@ -90,7 +89,6 @@ def test_main_keyboard_interrupt(mocker, default_conf, caplog) -> None:
         'freqtrade.configuration.Configuration._load_config_file',
         lambda *args, **kwargs: default_conf
     )
-    mocker.patch('freqtrade.freqtradebot.CryptoToFiatConverter', MagicMock())
     mocker.patch('freqtrade.freqtradebot.RPCManager', MagicMock())
 
     args = ['-c', 'config.json.example']
@@ -118,7 +116,6 @@ def test_main_operational_exception(mocker, default_conf, caplog) -> None:
         'freqtrade.configuration.Configuration._load_config_file',
         lambda *args, **kwargs: default_conf
     )
-    mocker.patch('freqtrade.freqtradebot.CryptoToFiatConverter', MagicMock())
     mocker.patch('freqtrade.freqtradebot.RPCManager', MagicMock())
 
     args = ['-c', 'config.json.example']
@@ -146,7 +143,6 @@ def test_main_reload_conf(mocker, default_conf, caplog) -> None:
         'freqtrade.configuration.Configuration._load_config_file',
         lambda *args, **kwargs: default_conf
     )
-    mocker.patch('freqtrade.freqtradebot.CryptoToFiatConverter', MagicMock())
     mocker.patch('freqtrade.freqtradebot.RPCManager', MagicMock())
 
     # Raise exception as side effect to avoid endless loop
@@ -174,7 +170,6 @@ def test_reconfigure(mocker, default_conf) -> None:
         'freqtrade.configuration.Configuration._load_config_file',
         lambda *args, **kwargs: default_conf
     )
-    mocker.patch('freqtrade.freqtradebot.CryptoToFiatConverter', MagicMock())
     mocker.patch('freqtrade.freqtradebot.RPCManager', MagicMock())
 
     freqtrade = FreqtradeBot(default_conf)