The fundamentals of foreign currency exchange rates (MODUL 1-6)

Exchanging $1,000 for Euros with an exchange rate of 0.8064 means you will receive 806.40 Euros. Conversely, if you were living in France and planned a vacation in the United States, you would go to your bank to buy US dollars with Euros.

If the exchange rate was 1.2403, how many U.S. dollars would you get for your 1,000 Euros? When you think you know the answer, next modul