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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › The armstrong group sep/Dec 15
They converted Sar 42.65 to Usd using the 1Usd=10.7296sar rate but why have they divided 42.65 by 10.7296 and not multiply it with the same?
Just for me to explain, suppose it was Sar 40, and the exchange rate was 1 USD = 10 Sar (or 10 Sar = 1 USD)
If 10 Sar = 1 USD, then 20 Sar = 2 USD; 30 Sar = 3 USD; 40 Sar = 4 USD.
That should explain it for you 🙂
(Have you watched my free lectures on foreign exchange?)
Thanks a ton, John. I’d make sure to watch the videos ?
You are welcome 🙂