how to calculate exchange rates yourself

You can learn more about the standards we follow in producing accurate, unbiased content in our Find out the current euro-to-dollar exchange rate, and multiply it by the price in euros. In order to get cash, wire fees and processing or withdrawal fees would be applied to a  Most of the time, someone else will calculate the exchange for you. This rate tells you how much it costs to buy one U.S. dollar using Canadian dollars. NGN is the currency code for the Nigerian naira, the official currency of the Nigerian Federation. By using our site, you agree to our I have the USA amount and the Canadian amount, how do I calculate the exchange rate? This article has been viewed 753,747 times. Generally the USD is worth more than the CND so you would get more CND for each USD than you would if you were buying USD with CND. How do I know what to do in order to convert money? If you're planning to go abroad and exchange your money for another currency, it's a good idea to figure out how much cash you'll have after the exchange. Step 3 - Divide the two exchange rates to find the percent of markup To calculate the markup, you'll need to work out the difference between the two rates and then translate this into a percentage. With regard to a quick way, at the current exchange rate you'd just add an extra 15% to the price in euros to determine the USD cost. While you can get a rough estimate using old rates, if one or the other currency changes value, and you are exchanging large amounts of currency, it can add up to a lot. That is how many Euros you get for your $1,000. Are you asking about how to calculate exchange rates?

So, your equation is: How do I convert 16,000 naira into South African rand? It costs 0.7518 U.S. dollars to buy one Canadian dollar. Some banks have Check with your local bank to see if they can. You can calculate an exchange rate by dividing the amount of the currency you start with by the amount of the foreign currency you’ll get back. Check out this easy guide to calculating the exchange rate - make sure you’re not ripped off when you swap your currencies.

To create this article, 31 people, some anonymous, worked to edit and improve it over time. These include white papers, government data, original reporting, and interviews with industry experts. wikiHow is where trusted research and expert knowledge come together. Let’s start with a basic example. Since we know Euros are more expensive, one For example, if you have $100 and you get €80 back, your exchange rate would be 100 divided by 80, or 1.25 Euros per dollar. Online … The International Currency Market is a market in which participants from around the world buy and sell different currencies, and is facilitated by the foreign exchange, or forex, market. 750,000 * 1.06 = 795,000 US dollars. This price would be reflected by the To calculate exchange rate, multiply the money you have by the current exchange rate, which you can find through Google or by calling the Department of the Treasury. Commodity pairs are three forex combinations involving currencies from countries that possess large amounts of commodities. We know ads can be annoying, but they’re what allow us to make all of wikiHow available for free. Making the calculation.

Multiply 1,500 by 1.146 to get 1,719 USD. If not, there is a currency exchange at almost every major airport that will. In that case, you’d need to change your Sterling to Euros every month. Canadian money divided by American money equals the exchange rate from USA to Canada. For example, if you want to convert $100 to pesos when 1 dollar equals 19.22 pesos, then you would have 1,922 pesos after the exchange. "Converting" money is really buying and selling. We also reference original research from other reputable publishers where appropriate. You can choose any two currencies and see the exchange rate from one to the other. At a recent exchange rate, one euro was worth $1.15.

Since Euros are more expensive, we know we have to divide, so that we end up with fewer units of EUR than units of USD. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/3\/3d\/Calculate-Exchange-Rate-Step-1-Version-4.jpg\/v4-460px-Calculate-Exchange-Rate-Step-1-Version-4.jpg","bigUrl":"\/images\/thumb\/3\/3d\/Calculate-Exchange-Rate-Step-1-Version-4.jpg\/aid691760-v4-728px-Calculate-Exchange-Rate-Step-1-Version-4.jpg","smallWidth":460,"smallHeight":345,"bigWidth":"728","bigHeight":"546","licensing":"