What is the formula for converting one currency into another?
What is the formula for converting one currency into another? Multiply the money you've budgeted by the exchange rate. The answer is how much money you'll have after the exchange. If "a" is the money you have in one currency and "b" is the exchange rate, then "c" is how much money you'll have after the exchange. So a * b = c, and a = c/b. What is cross rate of exchange? A cross rate is a foreign currency exchange transaction between two currencies that are both valued against a third currency. 1 In the foreign currency exchange markets,...