Question

Considering the attached currency conversion table.
How many Euros will you get for one Chinese Yuan Renminbi?​

Answer 1

Answer:

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.

Hope it is helpful to you

Answer 2

Answer:

Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers.