Exchange Rate Slide Show
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Transcript of Exchange Rate Slide Show
![Page 1: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/1.jpg)
Exchange Rates and The EU
![Page 2: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/2.jpg)
The amount of foreign currency that can be bought for one’s own currency is called the exchange rate for that currency.
Example: €1= £0.88, $1.39
Exchange Rates
![Page 3: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/3.jpg)
Can be bought in banks, building societies, credit unions, post offices and in bureaux de change.
Foreign Currency
![Page 4: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/4.jpg)
If you wish to buy foreign currency you refer to the “We Sell” price, i.e. the price which the agency will sell to you.
![Page 5: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/5.jpg)
WE
![Page 6: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/6.jpg)
We Buy We Sell
1.34 1.30
![Page 7: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/7.jpg)
John purchases Dollars for Quote from Bank (Bank Sells)
“We Sell”
![Page 8: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/8.jpg)
If you wish to sell foreign currency you refer to the “We Buy” price, i.e. the price for which the agency will buy the currency from you
![Page 9: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/9.jpg)
We Buy We Sell
1.34 1.30
![Page 10: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/10.jpg)
John sells dollars to bank (Bank Buys)
“We Buy”
![Page 11: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/11.jpg)
When you are using the “We Sell” you Multiply by quoted amount
Rule
![Page 12: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/12.jpg)
When you are using “We Buy” you divide by quoted amount
Rule
![Page 13: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/13.jpg)
John wishes to exchange €1000 for US dollars and gets the following exchange rates
Example
We Buy We Sell
1.34 1.30
![Page 14: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/14.jpg)
John arrives home from his business trip with $100 and wishes to change it back to Euros
Example
We Buy We Sell
1.34 1.30
![Page 15: Exchange Rate Slide Show](https://reader035.fdocuments.us/reader035/viewer/2022070317/5563af87d8b42a38198b48e8/html5/thumbnails/15.jpg)
http://www.xe.com/
Currency Conversion Website