## Where do you find exchange rates?

External Resources

• Oanda.com.
• xe.com.
• x-rates.com.

How do you read an exchange rate table?

Suppose that the EUR/USD exchange rate is 1.20 and you’d like to convert \$100 U.S. dollars into euros. Simply divide the \$100 by 1.20. The result is the number of euros: 83.33. Converting euros to U.S. dollars means reversing that process: multiply the number of euros by 1.20 to get the number of U.S. dollars.

### What is an exchange table?

The Exchange Table contains all of your foreign exchange information. At a glance, you can see what currencies you are using, the exchange rate, and when that rate is in use. If you haven’t added an exchange table yet, the Default Exchange Table will appear empty.

How much is \$1 in other countries?

\$1 in Dollars
Euro 0.934 1.071
Swiss Franc 0.973 1.028
Canadian Dollar 1.25 0.798
Australian Dollar 1.38 0.723

## How do we calculate currency?

If you know the exchange rate, divide your current currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you’d like to convert 100 USD into EUR.To accomplish this, simply multiply the 100 by 0.631 and the result is the number of EUR that you will receive: 63.10 EUR.

How do currency exchange rates work?

An exchange rate is just a price: the price of one country’s currency in terms of another country’s currency. So if the exchange rate from UK pounds to US dollars is 1.35, then £1 will buy you \$1.35. Sometimes you will hear that the pound has got stronger or ‘appreciated’.

### How do currency exchanges work?

Currency exchange works by letting you convert one currency, like dollars, to another, like euros. You give a currency exchange an amount in one currency, and they give you back an amount of a different currency with a similar purchasing power, subtracting out any fees or other charges.