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The nominal foreign currency exchange rate remains the rate by which one currency exchanges without delay for another currency. When one investor or business has the nominal foreign currency exchange rate, it is possible to unearth from how a lot of one currency you may pick up for another currency. For example, if $1 alternates for 1.25 euros, you will be capable to secure out how numerous dollars some set of euros remains worth or how quite a few euros a bill remains worth.

Difficulty: Easy

Instructions

1 Find the current foreign currency exchange rate. Make use of X-Rates located from the references with selecting the currency you want to use and clicking "Go." For example, a theoretical foreign currency change rate is $1 with 1.25 euros. The 1.25 euros remains the foreign currency change factor.

2 Decide how much funds you need to transform. In the example, $5 website website.

References

Spark Notes: International Trade - Exchange Rates

Resources

X Rates: Exchange Rates

euro coins on top regarding euro banknotes image via Stefan Ataman from Fotolia.com