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Click on screen. A shop buys and sells products. A bank is a money shop. Sell at Dh 9. Buy at Dh 4. Profit Dh 5. The bank buys and sells FOREIGN CURRENCY. Sell at Dh 4.34971. By buying and selling one Euro,. Buy at Dh 4.24135. the bank makes a profit of 11 fils. Profit Dh 0.10836.
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Click on screen A shop buys and sells products A bank is a money shop Sell at Dh 9 Buy at Dh 4 Profit Dh 5 The bank buys and sells FOREIGN CURRENCY Sell at Dh 4.34971 By buying and selling one Euro, Buy at Dh 4.24135 the bank makes a profit of 11 fils Profit Dh 0.10836
Use headphones or loudspeakers The customer sells Euros The bank buys Euros Use the buy rate buy sell Set up a proportion Solve the proportion x = 50 x 4.24135 x = 212.0675 1 Euro 4.24135 4.34971 = Dh x 1 EURO : Dh 4.24135 = …… EURO : Dh ……. For 50 Euros the customer gets Dh 212.07 50
The customer buys Euros Do not think in Dirhams Think in Euros The bank sells Euros Use the sell rate The customer exchanges 100 Dirhams Set up a proportion Solve the proportion buy sell x = 100 / 4.34971 x = 22.99003842 1 Euro 4.24135 4.34971 = Dh x 1 EURO : Dh 4.34971 = …… EURO : Dh ……. 100 For 100 dirhams the customer gets Euro 22.99