Tuesday, August 16, 2011

Question about Currency Conversion?

I don't know about there, but here in the US, the computer systems at the big currency exchanges are set up in such a way that the buy and sell rates for all currencies are in US dollars. Thus, if I was selling Euros and buying AED, I would have to sell the Euros for USD and then buy AED with USD as a second transaction. That means that I suspect that the option #2 you list in your question is how it would have to be done.

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