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Inverse rates are based on the direct rate. An inverse rate is 1 ÷ the direct rate. NetSuite uses the inverse rate only when a direct rate is not available from the exchange rate provider, a suitable currency pair is available, and you have enabled triangulation in your account.

Know the country's exchange rate before you travel ? these are usually posted online and at banks, airports and currency exchange shops. If you don't know the exchange rate, you can use this formula: starting amount (base currency) / ending amount (foreign currency) = exchange rate.

You would divide 1 by the current exchange rate of the two currencies for the inverse relationship. So for example, if the USD/EUR exchange rate was 0.89, to find the reciprocal exchange rate of EUR/USD, you would perform the following calculation: 1/0.89 to arrive at 1.12.

Banks, credit unions, online bureaus, and currency converters provide convenient and often inexpensive currency exchange services.

Stop by Your Local Bank Many banks and credit unions offer a foreign currency exchange service for a fee. Some financial institutions will even order currency, or allow you to order it online, and ship it to your home. That may be a convenient way to get the money you need for your trip.

When exchange rates change, the prices of imported goods will change in value, including domestic products that rely on imported parts and raw materials. Exchange rates also impact investment performance, interest rates, and inflation?and can even extend to influence the job market and real estate sector.

The simplest means for currency exchange in India is through an ATM. You could use your ATM Debit Card of the country of residence to withdraw the required amount. Banks may charge an exchange rate transaction fee as well as a service fee when using your ATM card overseas.