- Converted Amount is the amount in the desired currency. - Foreign Currency Amount is the amount in the original currency. - Conversion Rate is the rate at which the foreign currency is exchanged for the desired currency.
Example:
To convert 100 Euro to US Dollars, given a conversion rate of 1.12:
``` Converted Amount = 100 Euro x 1.12 Converted Amount = 112 US Dollars ```
Note:
- Conversion rates can vary depending on the source and the time of conversion. - It's essential to use an up-to-date conversion rate for accurate calculations. - Some currency conversion services may charge a fee for the transaction.
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Aug 10
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