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Typically, an exchange rate is quoted using an acronym for the national currency it represents. For example, the acronym USD represents the U.S. dollar, while EUR represents the euro. To quote the currency pair for the dollar and the euro, it would be EUR/USD.

For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation. For all other currencies, write the figure first followed by the currency name, for example, '100 million yuan'.

Typically, an exchange rate is quoted using an acronym for the national currency it represents. For example, the acronym USD represents the U.S. dollar, while EUR represents the euro.In the case of the Japanese yen, it's USD/JPY, or dollar to yen. An exchange rate of 100 would mean that 1 dollar equals 100 yen.

For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation. For all other currencies, write the figure first followed by the currency name, for example, '100 million yuan'.

I would write 'US dollars thirteen thousand, five hundred and eight, and cents twenty only' - dollars in the plural and a couple of commas added. Or today's style: 'Thirteen thousand, five hundred and eight US dollars, and twenty cents only'.

In short, the symbol for the currency always goes in front of the amount (only used in writing), and the word for the currency always goes after the amount (in writing and speech).

The formula for calculating exchange rates is: Starting Amount (Original Currency) / Ending Amount (New Currency) = Exchange Rate. For example, if you exchange 100 U.S. Dollars for 80 Euros, the exchange rate would be 1.25. But if you exchange 80 Euros for 100 U.S. Dollars, the exchange rate would be 0.8.

When changing from one currency to another make sure you know whether to multiply or divide by the exchange rate. If you are given the exchange rate from pounds to euros: you multiply by the exchange rate when you are changing pounds to euros. you divide by the exchange rate when you are changing back into pounds.

In general texts Write the country symbol ( US ) first, immediately followed by the dollar sign ($) and the dollar figure: US$ 25.99.

Reading an Exchange Rate This rate tells you how much it costs to buy one U.S. dollar using Canadian dollars. To find out how much it costs to buy one Canadian dollar using U.S. dollars use the following formula: 1/exchange rate. In this case, 1 / 1.33 = 0.7518. It costs 0.7518 U.S. dollars to buy one Canadian dollar.