You are great. I finally start to understand conversion thanks to this video. I always got confused when to multiply or divide currencies.Thank you a million
one thing that really helped me out from this video was her mentioning that we could tell if were supposed to multiply or divide simply by looking at the exchange rate and what we are converting from and to. If our end result is supposed to be in the stronger currency, then our answer should be of a smaller number. Likewise, if our end result supposed to be in the weaker currency, then our answer should be of a bigger number. THANKS!
thank so much, i have been struggling for a long time. and thank for interacting with us the audience as you not only focus on the board alone but turn to your audience aswell
Thank you!!!! I’ve been looking for someone to actually explain this forever. I’m in upper level finance and they can’t even do it. You are an excellent educator!
Ma'am youre saving lives here. Thank you for your video! I dont know if you are still active on youtube but im very grateful to you! Thank you for explaining the things i couldn't understand but now i can because of you! You are a life savior!
Currency conversion is always expressed in pairs, such as USD/EUR. The fist three letters is short for US Dollars, and this represents the base currency. The second three letters is short for Euros, and this is the quote currency, meaning the price for 1 of the base currency. The rule of thumb is: From the base, multiply. To the base, divide.
i don't know if i got a wrong answer in the question about in may and in october because when I multiplied 1.96 by itself I did not get 1 but when I divided it I got one...can you please explain am confused.
She has explained that in the video. You need to look at the exchange rate very closely. For instance, if you are converting £25,000 into $ at an exchange rate of $1.96=£1 then that tells you that in order to convert £1 into $ you need to multiply it by $1.96 and so you apply the same principle to the amount that you've been given (£25,000 in this case). Does that make sense? All the best.