Exchange rates

Front

What is an exchange rate?

Back

An exchange rate is the value of one currency in relation to another currency. It determines how much of one currency you can exchange for another.

Front

How do you calculate the amount of foreign currency you receive?

Back

To calculate the amount of foreign currency, multiply the amount of your currency by the exchange rate.

Front

If you have 150 US dollars and the exchange rate is 1.25, how much Canadian dollars will you get?

Back

187.50 Canadian dollars.

Front

What is the Euro equivalent of 1 USD if the exchange rate is 0.76?

Back

0.76 Euros.

Front

Can you use US dollars in Brazil?

Back

No, US dollars are not accepted in Brazil.

Front

If you have 200 Canadian dollars and the exchange rate is 0.8, how much US dollars will you get?

Back

160 US dollars.

Front

If 1 euro is equal to 1.5 Canadian dollars, how many euros can you get for 100 Canadian dollars?

Back

66.67 euros.

Front

What is a currency converter?

Back

A currency converter is a tool that allows you to convert one currency into another based on current exchange rates.

Front

What factors can affect exchange rates?

Back

Exchange rates can be affected by economic indicators, interest rates, inflation, political stability, and market speculation.

Front

What is the difference between a fixed and a floating exchange rate?

Back

A fixed exchange rate is pegged to another currency, while a floating exchange rate fluctuates based on market forces.