Entering a Rate

The following two examples illustrate the two ways to enter an exchange rate.

Example: Calculating an Exchange Rate. You have just flown from Canada to United States, and you need to exchange your Canadian Dollars for U.S Dollars. The conversion chart looks this :

United States Conversion Chart (in US$)

Currency

Rate

Euro (EUR€)

1.0842

Canadian (CAN$)

.6584

Hong Kong (HK$)

.1282

The chart states these equivalencies: *

1 EUR€

is equivalent to

1.0842

US$

1

CAN$

is equivalent to

0.6584

US$

1

HK$

is equivalent to

0.1282

US$

Part 1: Select the currencies, and calculate an exchange rate form them.

Keys:Display:Description:

 

 

 

  

Display the CURRX menu

 

 

 

 

Select CAN$ as currency

 

  

 

 

 

 

 

#1

   Select US$ as currency #2

1



Store number of CAN$

*The chart is in terms of United States dollars. Many charts have two columns–a “Buy” column and a “Sell” column. The “Buy” column is used for transactions in which the “Bank” buys the listed currency from you in exchange for United States dollars. Thus, if you arrive in United States with CAN$, the exchange rate in the “Buy” column applies for buying US$ with your CAN$. The “Sell” column applies for selling US$ in exchange for CAN$.

4: Currency Exchange Calculation 57

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