cross currency chart
DESCRIPTION
Cross currency chartTRANSCRIPT
Start with the US Dollar along the Top of the Chart.
Go DOWN one line to “1.1046” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for 1.1046 Canadian Dollars (“Cdn”)”
Go DOWN one more line “106.94” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for 106.94 Japanese YEN”
Go DOWN one more line “13.205” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for 13.205 Mexican Pesos (“MXN)”
Go DOWN one more line “0.93570” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for .93570 Swiss Franc (“SFranc”)
Go DOWN one more line “0.61610” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for £.61610 Pence (“Pounds”)
Go DOWN one more line “0.77381” and look to the LEFT for the Country.
That reads: “$1.00 US Dollar will Exchange for €.77381 Euro Cents (“Euros”)
START OVER one column to the RIGHT with the EURO.
Use the SAME methodology BUT change the sentence to:
€1.00 Euro exchanges for $1.4275 CDN.
START OVER one column to the RIGHT with the EURO.
Use the SAME methodology BUT change the sentence to:
€1.00 Euro exchanges for 138.19 YEN.
It works the SAME way with the rest of the currencies across the top, moving LEFT to RIGHT.
REMEMBER: When you determine the exchange rate of one currency in terms of the other, say
DOLLARS to EUROS, then you easily find the RECIPROCAL: EUROS to DOLLARS.
How do I find that on the CHART?
In the DOLLAR column I go down to find how manyEUROS I can get for a Dollar (€.77381).
In the EURO column I go down to find how manyDOLLARS I can get for a EURO ($1.2923).
In the EURO column I go down to find how manyMexican Pesos I can get for a EURO (17.064).
In the MXN Peso column I go down to find how manyEUROS I can get for a MXN PESO (.05860).
How about PESOS to One EURO and One PESO to EUROS?
NOW YOU TRY IT!
Should be EASY now!