How To Calculate The Dollar Exchange Rate

Table of contents:

How To Calculate The Dollar Exchange Rate
How To Calculate The Dollar Exchange Rate

Video: How To Calculate The Dollar Exchange Rate

Video: How To Calculate The Dollar Exchange Rate
Video: Currency Exchange Rates - How To Convert Currency 2024, April
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Many people periodically face the need to convert their savings into dollars. Someone needs this for a trip abroad, someone - for more convenient storage of funds, and someone does receive a salary in dollars. Everyone who has something to do with this currency is interested in the same question: how to calculate the dollar rate?

How to calculate the dollar exchange rate
How to calculate the dollar exchange rate

It is necessary

calculator, currency converter

Instructions

Step 1

You can calculate how many dollars your ruble savings will correspond to yourself. To do this, on the Internet, on TV or from the information stands of any bank, we will find out what the dollar exchange rate is for today. For example, on 2011-05-07, the dollar / ruble exchange rate is 27.8037, and you want to convert 1000 Russian rubles into dollars. To do this, armed with a calculator, we divide 1000 by 27.8037, as a result we get 35, 9, this is how much you get by exchanging your thousand. If it is necessary to perform the opposite procedure, that is, to convert dollars into rubles, you need to multiply the number of money you have by a number equal to the dollar exchange rate. For example, $ 50 will equal 1390 rubles. (50 needs to be multiplied by 27.8037).

Step 2

If you do not want to make calculations yourself, contact the bank employees. Before they make a currency exchange for you, they are obliged to tell you what amount will be obtained in the end. If the current dollar rate does not suit you, you have the right to refuse the operation. Many modern cell phones have built-in currency converters. It is as easy to use them as online converters on the Internet, but there is one caveat - the program needs to be updated, if the phone does not have Internet access, then the data in it will be outdated, and the dollar exchange rate is very volatile and can change every day, otherwise and more often.

Step 3

You can use one more, perhaps the most convenient way: a converter program. A similar program can be easily found on the Internet at the request of "currency converter". Just select the currency you need, for example, from rubles to dollars, enter the amount in a special window, press the "Transfer" button and get the result.

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