How to calculate exchange rate?

score:2

As meantioned, the shown rate may be rounded.

In the sample below, the shown rate is

1.00000 LAK = 0.00195THB

Mid-market exchange rate at 06:13 UTC

but if you do a reverse calculation, you will see that 0.0019455 was actually used.

So the shown rate was rounded (or an average from different sources ; or an average of rate fluctuation).

Using a site that shows a rate chart (Track the exchange rate), helps to see the exact rate and possible fluctuations of the previous days.

Laotian Kip to Thai Baht Exchange Rate. Convert LAK/THB - Wise

300000 LAK = 583.65 THB:

0.0019455=583.65/300000 [reversed calculation]

583.65=300000*0.0019455 [original calculation]

585.00=300000*0.0019500 [false result]

should return 583.65

Mark Johnson 23119

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Source: stackoverflow.com

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How to calculate exchange rate?

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