Now, let’s convert from £ to € and we get: Where should Alice buy the shoe from?įor this problem, we can either convert from £ to € or from € to £. On that day the exchange rate is £1 = €1.25. She wants to buy the product paying the cheapest price possible. Then, she finds the same shoe online for £55. Therefore, 80 000 Baht → 80 000 x 0.027778 = USD 2222.24Īlice sees a pair of shoes for sale on a cruise ship for €70. Sarah is going to the US and changes 80 000 Baht to USD. Thus,įoreign currency = Thai Baht x Exchange rate So, in order to change Thai Baht to the foreign currency, you will need to multiply the amount in Baht by the exchange rate. For that, we will use our currency converter. The 1 st currency listed always stands as 1 unit of that currency while the exchange rate shows how much the 2 nd currency (CAD) is required to buy 1 unit of the 1 st currency (USD). Let’s say if the USD (US dollar) to CAD (Canadian American Dollar) exchange rate is 1.0950, it implies that it costs 1.0950 CAD for 1 USD. As currencies across the world are consistently being traded (bought and sold), the exchange rate is inclined to change from week to week.
Value of Other Countries Currencies in DollarĪn exchange rate is basically how much it costs to exchange one currency from another.
The table given below depicts you different values of currencies in comparison to a US Dollar (USD). How much does the perfume cost in dollars? Now in order to find the value of perfume in dollars, you would require knowing the conversion value of Yuan to dollars. If you want to buy perfume from any online site in China. Having said that, let’s consider an example. You will see that the price of the item will be marked in a different currency, which will be not be same as your country's currency and you’ll want to be able to figure out how much the product costs in your own currency so that you can get the final price you have to pay and thus make a decision if or not to buy the item. Let’s say, your plan to visit a foreign country, or you are purchasing something online from another country.
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