The formula for calculating exchange rates is to multiply when exchanging from base currency to a secondary currency, and to divide when vice-versa. Therefore, if the EUR/USD exchange rate is 1.30 euros, and $100 is to be converted into euros, the formula is $100 divided by 1.3, giving 76.92 euros.Where is the best place to exchange foreign currency?
Visit a nearby large branch or ask your hotel concierge about the best local banks for exchanging currency. If your bank is affiliated with the foreign bank, such as a PNC branch, you may be able to exchange funds without added fees.What is the current US currency?
The currency of the United States is the United States dollar (USD). The United States dollar is undoubtedly the most powerful currency in the world.The dollar derives its strength from the economic and political might of the USA. Its sign is $, and its currency code is USD. It is sometimes abbreviated as US$.