tag:blogger.com,1999:blog-17881791369063725612011-11-27T15:42:04.087-08:00samiamhttp://www.blogger.com/profile/13187067705628136781noreply@blogger.comBlogger21100tag:blogger.com,1999:blog-1788179136906372561.post-85840128029571815912007-07-20T05:40:00.001-07:002007-07-27T20:09:12.574-07:00<!-- BlogCounter Code START --><br /><p><a href="http://blogcounter.com/" id="bclink" title="Blog counter"><span id="bccount" style="font-size:8px">Free Blog Counter</span></a></p><script type="text/javascript" src="http://blogcounter.com/js.php?user=samiam123&amp;style=1"></script><noscript><p><a href="http://blogcounter.com/"><img style="border: 0px;" alt="Blog counter" src="http://blogcounter.com/log.php?id=samiam123"/></a> - <a href="http://www.gimahhot.de/m700-3074-0-0-0-0/baby-kind.html">Baby & Kids</a></p></noscript><br /><!-- BlogCounter Code END --><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1788179136906372561-8584012802957181591?l=currency-conversion.blogspot.com' alt='' /></div>samiamhttp://www.blogger.com/profile/13187067705628136781noreply@blogger.com0tag:blogger.com,1999:blog-1788179136906372561.post-30029391149552144142007-07-19T19:22:00.000-07:002007-07-19T19:50:17.899-07:00<em>What is an exchange rate?</em><br /><br />Even if you're not looking to trade some currency on the foreign exchange market, it's important to understand currency conversion rates. Suppose you're planning a vacation abroad; knowledge of currency rates can help you save money.<br /><br />In layman's terms, an exchange rate is simply a price, which can be calculated:<br /><br />exchange rate = 1/exchange rate<br /><br />For instance, if 1 US dollar is equal to 117 Japanese yen, you could calculate the exchange rate as:<br /><br />1/117 = .00854<br /><br />Alternatively, if you know the exchange rate of USD to yen is .00854:<br /><br />1/.00854 = 117<br /><br />Therefore, you can calculate that 1 USD can buy 117 yen.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1788179136906372561-3002939114955214414?l=currency-conversion.blogspot.com' alt='' /></div>samiamhttp://www.blogger.com/profile/13187067705628136781noreply@blogger.com0