Posted by forex at 1:24 AM
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1. Find the current foreign currency exchange rate. Use X-Rates located in the references by selecting the currency you want to use and clicking 'Go.' For example, a hypothetical foreign currency exchange rate is $1 for 1.25 euros. The 1.25 euros is the foreign currency exchange factor.
2. Decide how much money you need to convert. In the example, $500.
3. Multiply the foreign currency exchange factor from Step 1 by the amount of money you are converting. In the example, $500 times 1.25 equals 1,250 euros.