Using the AUD/USD exchange rate and currency amount provided, calculate the counter currency amount, rounded to the appropriate number of decimal places. (Note: Currency symbols are not required) Currency amount: AUD 1665112.91 Exchange rate: 0.7576 Counter currency amount:.....
Question
Using the AUD/USD exchange rate and currency amount provided, calculate the counter currency amount, rounded to the appropriate number of decimal places.
(Note: Currency symbols are not required)
Currency amount: AUD 1665112.91
Exchange rate: 0.7576
Counter currency amount:.....
Solution
To calculate the counter currency amount, you need to multiply the currency amount by the exchange rate.
Here's how you do it:
- Take the currency amount which is AUD 1665112.91.
- Multiply this amount by the exchange rate which is 0.7576.
Let's do the calculation:
1665112.91 AUD * 0.7576 = 1260931.69 USD
So, the counter currency amount is USD 1260931.69.
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