"Mum, told you I'd be a billionaire one day!" When I first started traveling and needed to exchange my money, I was clueless on the calculations (despite having taken a class in finance, FML ). I resorted to going to the nearest money changer to get it done, regardless of how bad the rates were. It wasn't long before I realized that different money changers offer very different rates and if you do your homework right, you can save up to a whooping RM100 or more. Confused on how to calculate rates at money changers? Here's a simple guide: Unit Currency We Buy We Sell 1 US Dollar 3.700 3.715 1000 Japanese Yen 32.250 32.50 There are only four columns that you need to pay attention to in any money changer counter, as shown above. The base currency that you will be using to buy a foreign currency must be that of the country that you are currently in, i.e. if you are in Malaysia, you can only buy a foreign currency us...
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