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4: Currency Exchange Calculation 57
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
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$.