Currency conversioneasyFree question
Currency conversion: Convert £550 to euros
£1 = €1.25. How many euros for £550?
Show worked solution
Multiply by the exchange rate when converting from the base currency (£1 = €r → pounds × r). Divide to convert back. The correct answer is €687.50. Traps to avoid: €137.50 comes from the "margin only" error; €550.00 comes from the "unconverted" error; €440.00 comes from the "inverted rate" error.
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