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Wednesday, November 29, 2017

How To Easily Convert Currency

Have you been in a situation where you find it difficult to decide which currency converting tool to use because you are unsure if the currency converter's exchange rate is up to date? If you answer yes, then this post is meant for you so read on, with this trick am about to reveal, all you need to be sure of is current exchange rate of the currency you want to convert.

Converting To:
When you are converting a currency to another currency and you have the current exchange rate, then when you will need to do is to divide the currency with the exchange rate.
For example:
The exchange rate of Naira to Dollar is 90 naira. That is 90 naira makes 1 dollar.
If I want to convert 270 naira to dollar, all I need to do now is, divide 270 by 90, the answer will be what I will get in dollar if I proceed with the exchange.
150Naira ÷ 90Exchange Rate = 3 dollar

Converting From:
If I want to convert currency 1 to currency 2, and I do not have the exchange rate of currency 1 to currency 2, but I have the exchange rage of currency 2 to currency 1, then what I will need to do is to multiply currency 1 with the exchange rate.
For example:
I which to exchange dollar to naira, but I do not have dollar to naira exchange rate, rather, I have naira to dollar exchange. Let's use the figure in the example above.
I have 3 dollar and I want to exchange it to naira with the exchange rate of 90 naira to 1 dollar, all I need to do is, multiply 3 by 90 to get the amount in naira.
3dollar x 90exchange rate = 270 naira.

The Main Point
When converting from Currency 1 to Currency 2 with the currency 1 to currency 2 exchange rate, then you divide, but if you are converting currency 2 to 1 with the exchange rate of currency 1 to 2, then you multiply.



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