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Using a currency's exchange rate, you can convert between currencies. To do this, you need to either multiply or divide the quantity you are trying to convert with the exchange rate. To convert from US dollars ( U S D ) (USD) (USD) to Mexican pesos ( M X N ) (MXN) (MXN), you must multiply by the exchange rate.

If you are going from the ?1? to the other currency then multiply. If you are going to the ?1? from the other currency then divide.

To calculate the Cross Rate, divide the quote currency by the base currency on the opposite side. The below table will help you derive the rate for a cross-currency pair, say, JPY/AUD. Calculate the Cross Rate by multiplying the quote currency with the base currency on the same side.

For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation. For all other currencies, write the figure first followed by the currency name, for example, '100 million yuan'.

If you're going to use a symbol rather than spell out the currency's name, you should always put the currency symbol directly to the left of the digits: "$10" and never "10 $".

Currency exchange works by letting you convert one currency, like dollars, to another, like euros. You give a currency exchange an amount in one currency, and they give you back an amount of a different currency with a similar purchasing power, subtracting out any fees or other charges.

Divide your current (home) currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you'd like to convert 100 USD into EUR. To do this, simply multiply the 100 by 0.631 and the result is the number of EUR that you'll receive: 63.10 EUR.