![]() ![]() The answer, 88.33, is how many US dollars you need to exchange. To figure out how many US dollars you would need to save at the current exchange rate, divide 20,000 by 226.43. You discover that 1 US dollar is equivalent to 226.43 forints. Say that you know you'll need 20,000 Hungarian forints for your trip. Here's an example of the "work backwards" method.The answer, 1632.61, is how much money you'll have in dollars after the exchange. If you're planning on taking $1500 Euros with you, you would multiply 1500 by 1.09. At the time of this revision, 1 Euro is worth 1.09 US dollar. For instance, say you want to convert Euros to US dollars.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. The answer is how much money you'll have after the exchange. Multiply the money you've budgeted by the exchange rate. This dataset is updated quarterly and covers the period from Decemto March 15, 2023. For more detailed information on the IFS exchange rate calculation please see the attached document.Calculate how much money you'll have after the exchange. Dollar 0.936 Euro Zone-Euro The Currency Exchange Rates Converter tool is powered by the Treasury Reporting Rates of Exchange dataset. The average annual exchange rates are obtained separately for imports and for exports by taking into account the monthly value of imports (or exports) and the monthly average of the official daily exchange rates. Is this the result of the exchange rate being calculated by weighting the monthly exchange rate with the monthly volume of trade? A: We use the US dollar series of the IFS, which is based on the monthly average of the official daily exchange rates. If so, I notice that the exchange rates of EUR to USD is different for example Netherlands and Austria in 2003. When extracting trade data over a long period of time (in my case export figures over 10 years), is the exchange fixed or year-on-year? If fixed, where can I find the exchange rate used? However, as I understand it from the explanatory notes the exchange rates are year-on-year based on the rates stated for each country each year. Q: I need to double check about exchange rates so I interpret the statistics correctly. The rate can be found under Explanatory Notes for each country in the Comtrade database. We do this separately for imports and exports. Q: How are exchange rates applied to convert to US dollars in Comtrade data and where can I find this exchange rates? A: We use an average annual exchange rate which is calculated by weighting the monthly exchange rate with the monthly volume of trade. You can find the exchange rate applied if you look in the 'Explanatory Notes' link in Comtrade for that particular country. After validating the data we apply the exchange rate and upload to our Comtrade database. However these currencies are expressed in USD terms and therefore the equivalent NZD terms have been generated as a function of the foreign currency USD cross rate converted to NZD terms at the NZDUSD rate provided. The values when sent by reporters are sometimes in dollars but mostly in national currency. The currencies marked with an asterisk are not published on Bloomberg in NZD terms. Is that the case or are they in constant values? Are the values given in current dollar values by reporters or are they coverted into dollars by yourselves - if so at what exchange rate? A: Trade values are in current dollar values. Calculation of dollar value in trade statistics - Current value or constant dollar value Q: I am using the data from Comtrade data base and I am assuming that the trade values given are in current dollar values. ![]()
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