To convert currency, obtain the current exchange rate, and divide one by the rate. The resulting number shows the value of one unit of currency in relationship to another.

**Obtain the current exchange rate**Find the exchange rate for the currency pair in question. Bloomberg provides a listing of pairings for major currencies.

**Divide one by the rate**Divide one by the rate obtained in the previous step. The formula used in this step is that the Y-to-X exchange rate is equal to one divided by the X-to-Y exchange rate.

**Use the answer to determine the new rate**Use the answer from the previous step to understand the value of one unit of the "Y" currency expressed in the "X" currency.