Currency conversion: 100 USD to EUR at rate 0.92 EUR per USD. How many euros?

Currency conversion: 100 USD to EUR at rate 0.92 EUR per USD. How many euros?

• A. 92
• B. 84
• C. 100
• D. 108

Answer: (A)

To convert currency, multiply the amount in dollars by the exchange rate, which is the number of euros you get for one dollar. The rate here is 0.92 euros per dollar. So 100 dollars × 0.92 euros/dollar = 92 euros. That’s why the result is 92 euros. If the rate were different, you’d scale accordingly (for example, a rate of 0.84 would give 84 euros, while a rate above 1 would yield more than 100 euros).

To convert currency, multiply the amount in dollars by the exchange rate, which is the number of euros you get for one dollar. The rate here is 0.92 euros per dollar. So 100 dollars × 0.92 euros/dollar = 92 euros. That’s why the result is 92 euros. If the rate were different, you’d scale accordingly (for example, a rate of 0.84 would give 84 euros, while a rate above 1 would yield more than 100 euros).