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right currency exchange playing or foreign exchange is often called if you look at this question here says Lewis changed 1,500 pounds into American dollars when the rate of exchange was one pound equals to two point two four dollars okay how many Australian dollars did he get in case weve given the exchange rate here and were told of course that one pound is 2.2 four dollars all right and we need to know what 1,500 pounds is gonna be worth so if we take our exchange here we could think about scaling this up to 1,500 all right now often good way to think about foreign exchanges if youre changing from your home currency to a foreign currency you multiply okay you multiply by the exchange rate and then if you want to go back the other way well divide and well see that later on so 1,500 okay of course we know one pound is worth two point two four dollars to get 1,500 cause its scaling up isnt it you multiply into multi-fiber 1,500 you change into a foreign currency 1,500 million mul
