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Former Member
Sep 21, 2008 at 01:13 PM

Exchange Rate Concept. e.g. - 1.00 EUR = 67.1500 INR

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Dear Experts,

Can anybody please explain the concept of exchange rate.

How calculation is made of exchange while currency conversion.

For example -

Current exchange rate - 1EURO = 67.1500 INR

Import Purchase order quantity - 50

Unit Rate = 463.

Please brief me on Currency Exchange Rate in details.

Additional info is required on it.

Thanks in Advance.