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On a recent day 8 euros were worth $9 and 24 euros were worth $27. Write a equation to show the relationship between the number of euros in value of dollars?
To express the relationship between euros (E) and dollars (D), we can establish a linear equation based on the given values. From the information provided, we can see that 8 euros equal $9, so the exchange rate is ( \frac{D}{E} = \frac{9}{8} ). This can be simplified to the equation ( D = \frac{9}{8}E ). Additionally, the second statement (24 euros worth $27) confirms the same ratio, reinforcing the equation.
What is an exchange rate of 1 to 6 between US dollars and Egyptian pounds mean?
An exchange rate of 1 to 6 between US dollars and Egyptian pounds means that 1 US dollar can be exchanged for 6 Egyptian pounds. This rate indicates the relative value of the two currencies in the foreign exchange market. Consequently, if you have 10 US dollars, you could exchange it for 60 Egyptian pounds at this rate. This exchange rate can fluctuate based on economic factors and market conditions.
What is danish 20 kroner equal to?
The current currency exchange rate has one Danish Krone equaling 0.18 US Dollars. Using this exchange rate, 20 Kroner is worth 3.65 US Dollars. The currency exchange rate can change at any time.
What accurately explains what an exchange rate of 120 between the Canadian and Japanese yen means?
An exchange rate of 120 between the Canadian dollar (CAD) and the Japanese yen (JPY) means that 1 Canadian dollar is equivalent to 120 Japanese yen. This rate indicates how much yen can be obtained in exchange for one Canadian dollar. A higher exchange rate implies that the Canadian dollar has more value compared to the yen, while a lower rate would suggest the opposite.
How much is 3200 pesos in us money?
To convert 3200 pesos to US dollars, you'll need the current exchange rate. As of my last update, the exchange rate was approximately 20 pesos to 1 US dollar, but this can fluctuate. Using that rate, 3200 pesos would be roughly 160 US dollars. For the most accurate conversion, check the latest exchange rate.
How does a person qualify for forex exchange rate?
Forex Exchange rate is the rate of exchange for currencies that are Foreign to us or from different countries. You may want to check out a Bank Website. www.td.com www.royalbank.com
What is the Forex rate for Malaysia?
The foreign exchange rates for Malaysian currency depends on the currency that one is exchanging. For example, the U.S. dollar has a forex rate of 3.1.
What do Forex Converters do?
Forex Converters are used to determine the best current rate-of-exchange between certain currencies and to convert exchange rates between particular currencies.
What is exact mean by forex?
Forex (or FX) is short for Foreign Exchange. It represents a transaction where a currency is exchanged for another at a mutually agreed rate.
What is the current foreign exchange rate for currencies?
You can update the foreign exchange rate of currencies in the Internet or on forex brokers, such as alpari.com/#informer=quotes or any other ones.
Where did forex prices come from?
Forex prices are influenced by many factors but the people who actually set the prices are the banks. All Forex prices are based on the current exchange rate set by the bank.
What does forex arbitrage mean?
Forex arbitrage is forex trading strategy where an individual locates a currency exchange rate that is incorrectly priced, and then utilizing this with another currency pricing to create a profitable trade.
What maxim is followed by the forex dealer when indirect method of exchange rate quotation is used?
buy high sell low
What are forex futures are what are their purpose?
Forex futures are agreements to buy certain amounts of stock for a set price and set for a future date. They serve two purposes. Investors use them to predict and to profit from currency exchange rate fluctuations. They also serve the purpose to remove the risk of losing money from exchange rate changes.
What is the purpose of a Forex chart?
A Forex chart shows the currency exchange rates for the world. One can use it to see what the current rate is for investment purposes. This is an important tool for use in global stock trading.
How do you calculate spot exchange rate?
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
What is the forex calculator?
The forex calculator is the foreign exchange rate between two or more countries. This fluctuates minute by minute, often determined by politics. Forex calculator can be programmed to calculate Pivot Points, Fibonacci levels on your PC even without Internet connection.
