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Calculating an FX rate: The formula Calculate an FX rate using this simple formula: Your starting figure (in your local currency) divided by the final number (in the new foreign currency) = the exchange rate.

If you don't know the exchange rate, you can use the following simple currency conversion calculation to find it: take your starting amount (original currency) and divide it by ending amount (new currency) = exchange rate.

If you are going from the ?1? to the other currency then multiply. If you are going to the ?1? from the other currency then divide.

To calculate the Cross Rate, divide the quote currency by the base currency on the opposite side. The below table will help you derive the rate for a cross-currency pair, say, JPY/AUD. Calculate the Cross Rate by multiplying the quote currency with the base currency on the same side.

To convert from a base currency, you would multiply by the exchange rate. If the exchange rate is greater than 1, you will get a larger number?that is, you will get more of the second currency in exchange for the first.

Currency exchange works by letting you convert one currency, like dollars, to another, like euros. You give a currency exchange an amount in one currency, and they give you back an amount of a different currency with a similar purchasing power, subtracting out any fees or other charges.

Using a currency's exchange rate, you can convert between currencies. To do this, you need to either multiply or divide the quantity you are trying to convert with the exchange rate. To convert from US dollars ( U S D ) (USD) (USD) to Mexican pesos ( M X N ) (MXN) (MXN), you must multiply by the exchange rate.

Decide whether to multiply or divide by the rate. If you are going from the ?1? to the other currency then multiply. If you are going to the ?1? from the other currency then divide.

Divide your current (home) currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you'd like to convert 100 USD into EUR. To do this, simply multiply the 100 by 0.631 and the result is the number of EUR that you'll receive: 63.10 EUR.

Multiply the money you've budgeted by the exchange rate. The answer is how much money you'll have after the exchange. If "a" is the money you have in one currency and "b" is the exchange rate, then "c" is how much money you'll have after the exchange. So a * b = c, and a = c/b.