# Currency convertions???

Question asked by: kailee

Asked on: 04 Mar 2009

It is really easy, first of all you need to know what is called the exchange rate - this is what lets you change from one currency to another.

For instance imagine that £1 is worth $1.5 US dollars, then we know the exchange rate is 1 to 1.5

Therefore £10 is worth 10x 1.5 dollars = $15 dollars: just multiply by the exchange rate to get the amount of the second currency.

To go the other way, divide by it, e.g. 15 dollars is 15 / 1.5 = £10

By: knowitall

Replied at: 11 Mar 2009

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