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WalletHub, Financial Company. 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. 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.
Multiply the number of Euro currency you have by the U.S. dollar currency rate. For example, if you have 200, multiply 200 by 1.4389 to get the result of $284.44.
BACK TO BASICS Exchanging one currency for another needs us to apply a quoted market price, known as the exchange rate. Sometimes we need to multiply by the rate. Sometimes we need to divide by it. It all depends on how the rate has been quoted.
Example: 1 GBP or British Pound £ is equal to 1.5936 U.S. dollars. Therefore, multiply the number of GBP by 1.5936. You may also wish to convert USD to GBP by reversing the process. Divide the number of dollars by 1.5936 and you will end up back at 5 GBP.
Stop by Your Local Bank. Many banks and credit unions sell foreign currency. Visit an ATM. Consider Getting Traveler's Checks. Buy Currency at Your Foreign Bank Branch. Order Currency Online.
Currency Exchange at Banks Most major banks will exchange your U.S. dollars for a foreign currency if you have a checking or savings account with the institution. In some cases, a bank will exchange currency if you have a credit card with the bank.
Contact a bank or credit union to make sure it has the currency or will accept foreign currency and what the fees are. Find current exchange rates through your bank, credit union or websites such as https://www.xe.com/. Check the bank's exchange rate to make sure it's fair. Arrange for pickup or delivery.
Select a cell which you want to place the result, type this formula =A2*GOOGLEFINANCE("CURRENCY:USDGBP") (in the formula, A2 is the cell value you use to convert, USD is the currency you want to convert, GBP is the currency you want to convert to). Then press Enter key, the result displays.
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