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How do you calculate exchange rates?
Asked by unknown
1 Answers
To calculate the percentage discrepancy, take the difference between the two exchange rates, and divide it by the market exchange rate: 1.12 - 1.0950 = 0.025/1.0950 = 0.023. Multiply by 100 to get the percentage markup: 0.023 x 100 = 2.23%. A markup will also be present if converting U.S. dollars to Canadian dollars.
How do I manually convert euros to dollars?
Asked by unknown
1 Answers
Calculator: 1) Decide how much Euro currency you want to convert. 2)Visit the Exchange Rates website to find out the exchange rate for the current day. 3)Multiply the number of Euro currency you have by the U.S. dollar currency rate. 4)Visit a local currency exchange or bank to exchange the Euros to U.S. dollars.
How to exchange dollars for euros?
Asked by unknown
1 Answers
On average, at a bank you lose 8 percent when you change dollars to euros or another foreign currency. When you use currency exchange booths such as Forex or Travelex at the airport, you lose around 15 percent. If you must change cash in Europe, the postal banks inside post offices usually have the best rate.