its very simple .. the method of converting the foreign currency in local curreny is called foreign currency conversion.
for example your local currency is USD and u have a foreign currency GBP
n u want to convert the GBP in USD.then u will convert the FCY in ur LCY . it took some bank charges in this conversion.. called conversion charges
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
Foreign Currency account
When the cash in the bank account is sold at a currency other than its denomination.
with excel
NOSTROenables to keep cash in foreign currencyreduces the risk involved in conversion rates of currencieseasy payments to foreign sellers
go to xe.com, its a currency conversion site.
Foreign currency is basically currency or denomination of another country. The term is mostly used in context with foreign exchange also known as forex. There are a number foreign echange specialists like Travelex India etc that do currency conversion.
An Oanda FX is a foreign currency converter or conversion. It provides information regarding foreign exchange currency including conversions, transfers and exchange.
A foreign currency broker helps with investment and international trade by authorizing currency conversion. In April of 2010 the daily average turnover for the global foreign exchange was estimated at almost $4 trillion.
The conversion rate varies depending on the currency of choice.
FOREX is short for Foreign Exchange. It is the conversion of one country's currency for another.
Governments and banks determine the convertibility of currency. Depending on the country, currency may be fully or partially convertible. In several countries, currency is nonconvertible.
Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.
Yes, If you want to get taken. There is a hidden 8% surcharge in there conversion tables that they don't tell you about. Quite steep. Go to their foreign currency page and compare to a google search for the same.
Forex trading relates to trading foreign currency for profit. It provides currency conversion to aid international trade and investment.
Yes, but you will probably be charged for it and have problems with currency conversion (the banks always sting you).
Websites like x-rates.com or exchangerate.com offer great currency exchange tools. Conversion calculators for foreign currency exchange rates available.