# What Is the Formula to Convert Currency?

The formula for converting one currency to another is simply by multiplying it the exchange rate at the time you want to do your conversions. For instance if you want to convert, say £ 40.00 to US dollars, you first get the exchange rate like £ 1.00 = \$ 1.4487. Thereafter, you multiply the digits and get your results; 40* 1.4487. Generally, £ 40 is equivalent to \$ 57.948. That is all there is, the trick is to get the correct exchange rate.
The conversion of currency from one to another will depend on the currency you want to convert to. If converting from Euros to dollars, you take the amount of Euros and multiply by the current euro to dollars exchange rate.
Different currencies relate to each other differently, based on their purchasing power and the strength of their economies. As such, you will need to know the current exchange rate of the currencies that you are dealing with.
The formula for converting currency changes a lot with regard to the changes in the value of a currency. For instance, 1 pound is equivalent 1.59 US dollars and 1.22 euro. This amounts change over time and you have to update yourself on the current exchange rates.
Q&A Related to "What Is the Formula to Convert Currency?"
 To convert currency quickly and easily try using an online currency converter. You can convert any currency in the world into whatever currency you want to. You can find more information http://answers.ask.com/Reference/Other/how_to_conv...
 To convert FROM \$US TO C\$ you multiply: canDollars = USDollars * ExchangeRate. To convert TO \$US FROM C\$ you divide: USDollars =canDollars / ExchangeRate. PS: You must be working http://answers.yahoo.com/question/index?qid=200911...
 Many credit issuers, such as American Express and Diner's Club, offer travel-related services in their overseas offices. These services often include currency exchange, converting http://www.ehow.com/about_5373569_convert-foreign-...
 Hi, Joanne. Using this site: It says 1.00 USD = 0.966357 CAD So, if you have US Dollars in A1, then put =A1*.966357 wherever you want the Canadian dollars to appear. Unfortunately http://en.allexperts.com/q/Excel-1059/currency-con...
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The formula for converting currency changes a lot with regard to the changes in the value of a currency. For instance, 1 pound is equivalent 1.59 US dollars and ...
Different currencies relate to each other differently, based on their purchasing power and the strength of their economies. As such, you will need to know the ...
The currency conversion formula is a formula for converting between different currencies. If the current or up to date exchange rate is known it is easy to convert ...