Exchanging home currency into another currency is a great idea if you are planning to go abroad. It can determine how much money holding is necessary in your wallet in foreign country. If you calculate the exchange rate you can be sure how much money you will get after exchanging.
So, to calculate exchange rate, first you must know the exchange rate of foreign country. You can know the exchange rate by asking any active bank, finance company or money exchange company.
In this post we will show how to find proper method of calculating money exchange.
The Money Exchange Math:
You can calculate exchange rate by doing the following math.
C = A * B
Where,
A = Total money you wish to convert.
B = Exchange rate of currency.
C = Total money you will get after exchange.
For example:
C = A * B
C = 10000 BDT * 0.013 USD
C = 130 USD
Online Money Conversation Tools:
This method is much easier than all other methods. Just go to anyone website showing below.
Enter total money digit you wish to convert and select country or currency. You will get the result instantly.
1. https://www.google.com/finance/converter
2. https://www.oanda.com/currency/converter/
3. http://www.xe.com/currencyconverter/
That’s all to know updated money exchange rate. Now go to any government authorized money exchange outlet, bank or finance company nearby you and convert your money.
Remember, dollar endorsement on passport is mandatory if you go abroad to travel.
Bear in mind, knowing every details of anything will save money and holding money as extra will save you from uncertain problems.
Hope this helps. Stay well and happy journey. Allah Hafez.
So, to calculate exchange rate, first you must know the exchange rate of foreign country. You can know the exchange rate by asking any active bank, finance company or money exchange company.
In this post we will show how to find proper method of calculating money exchange.
The Money Exchange Math:
You can calculate exchange rate by doing the following math.
C = A * B
Where,
A = Total money you wish to convert.
B = Exchange rate of currency.
C = Total money you will get after exchange.
For example:
C = A * B
C = 10000 BDT * 0.013 USD
C = 130 USD
Online Money Conversation Tools:
This method is much easier than all other methods. Just go to anyone website showing below.
Enter total money digit you wish to convert and select country or currency. You will get the result instantly.
1. https://www.google.com/finance/converter
2. https://www.oanda.com/currency/converter/
3. http://www.xe.com/currencyconverter/
That’s all to know updated money exchange rate. Now go to any government authorized money exchange outlet, bank or finance company nearby you and convert your money.
Remember, dollar endorsement on passport is mandatory if you go abroad to travel.
Bear in mind, knowing every details of anything will save money and holding money as extra will save you from uncertain problems.
Hope this helps. Stay well and happy journey. Allah Hafez.
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