an exchanged rate calculated using two other exchanhe rate is called a
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To calculate the percentage discrepancy, take the difference between the two exchange rates, and divide it by the market exchange rate: 1.37 - 1.33 = 0.04/1.33 = 0.03. Multiply by 100 to get the percentage markup: 0.03 x 100 = 3%. A markup will also be present if converting U.S. dollars to Canadian dollars.
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