According to X-Rates.com, this is what 1 American Dollar equals in other national currencies.
Let's take the Japanese Yen for example. 1 American Dollar equals 106.82 Yen. That means that converted to Yen, $1.00 can buy 106.82Y worth of Japanese goods.
Now, let's learn to calculate. First, we know that 106.82Y equals $1.00, but what would be the U.S. dollar-Yen exchange rate?? 106.82 is not right! You divide 1.00 into 106.82 which equals 0.009 cents per 1 Yen. That is not even 1 penny's worth per Yen in Japan.
Okay, now that I have confused some of you. Let's take a TV bought in Japan. We have bought a Sanyo TV which costs 20,000Y in Japan. How much is that in American dollars you ask?
Let's calculate. Remember that 0.009 cents equals 1 Yen. So, we just take 0.009 multiplied by 20,000 which equals $180.00 U.S. dollars. That wasn't so bad now was it? This conversion goes for ALL exchange rates whether it is Euros, Pounds, Francs, etc.
