Hi,
I’d appreciate any help on this!
I bought $2500USD @ an exchange rate of 1.61 = $4025CDN
I then turned around and sold $200USD @ 1.03 = $206CDN
What is my effective exchange rate on the total transaction for $2300USD remaining?
Is it ($4025CDN - $206CDN)/$($2500USD-$200USD) = 1.66 ?
I’d appreciate any help on this!
I bought $2500USD @ an exchange rate of 1.61 = $4025CDN
I then turned around and sold $200USD @ 1.03 = $206CDN
What is my effective exchange rate on the total transaction for $2300USD remaining?
Is it ($4025CDN - $206CDN)/$($2500USD-$200USD) = 1.66 ?