How Do You Complete A Cross-Rate Currency Conversion Table?
Many people have shopped in a foreign country and have been confused by the prices. From purchasing food to buying souvenirs, we usually make our buying decisions in terms of our home currency. We have established mental parameters as to the value of goods and services based on our understanding of what things cost in our home currency. For many of us, that is the U.S. dollar. But it is easy to make the transition quickly by simply understanding a foreign currency’s worth as compared to the dollar, and this can be accomplished with a simple multiple currency rate conversion table. Determine the exchange rate. Many newspapers publish exchange rates for major foreign currencies. Note the value of $1 in the foreign currency. Online sources are also available. Create a chart with two columns. Label one column “USD” and the second column the code for the foreign currency, e.g. GBP for Great Britain pounds. Other currencies may be added in additional columns. On the first line in the USD col