How to understand currency conversion table? The following is a typical conversion table, where there are
- code
- currency
- unit
- selling
- buying
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For example, if I want to convert sgd 800 to jpy, how to read the table?
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Steps to buy jpy
- Money changer sell expensive and buy cheap from customer.
- Money changer is selling jpy here.
- From the table, jpy is selling at 1000 unit (jpy) at the cost of sgd 12.30.
- How much jpy will I get if I pay sgd 800?
- The math is jpy 1000/12.3*800 = 65040.
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how about selling jpy?
- The money changer is buying jpy from you.
- From the table, 1000 unit of jpy is worth sgd 12.10.
- If you sell 100000 jpy, how much will you get?
- Math is 100000/1000*12.10 = sgd 1210
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