An arm cord handle is disclosed that includes a flexible loop handle having a U shaped distal end and having proximal ends joined together at a common base portion. An external strap lies around and against the U shaped distal end in a storage position. The external strap has its ends fastened to the loop handle at a location spaced from the common base portion. The external strap can be deployed to an operational position away from the U shaped distal end of the flexible loop handle so that the arm cord handle is converted into a foot loop handle with the external strap positioned around a user's ankle while the U shaped distal end is positioned around the user's forefoot during exercise.