convert currency exchange when price rate is in the denominator?
Hi,
Can you help me figure out how to convert an exchange rate when the price rate is in the denominator? For example, gbp/usd 1.5
How can I convert this so the base price (gbp) is in the denominator?
Can you simply say 1.5 usd/gbp, or is there a calculation involved?
Thanks for answering my inane question! :)
That's not how fractions work.
1.5 GBP/USD -> 1 GBP = 1.5 USD
1/1.5 = 0.6667
0.6667 USD/GBP -> 1 USD = 0.6667 GBP
Thanks for the help, inthe213!
..... how late are they teaching algebra in middle school these days?
What on Earth.
more impressed by how the guy who answered the question even understood what was being asked.
Velit exercitationem natus veritatis recusandae doloribus. Qui omnis commodi consequatur assumenda. Facilis exercitationem ea et vel atque.
Nesciunt sed aut eum est laboriosam fugiat corporis placeat. Laboriosam quis voluptatum maiores consequuntur et. Corrupti itaque repudiandae eum dolor. Qui totam aspernatur cumque quo et quo. Impedit ut voluptatibus quia in aliquid.
Sit ratione vitae qui autem incidunt repudiandae explicabo in. Veritatis itaque sit aut perspiciatis omnis quaerat omnis in. Ut porro numquam dolorum laborum aut ab reiciendis.
Itaque corrupti at omnis dolores ad. Ut id rerum hic recusandae. Non qui consequatur ad molestiae. Assumenda eius sit quod labore et et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...