Quote:
Originally posted by SiXo
hmm, ok...but how much of foreign currency we have?
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Quote:
Originally posted by foxaylove
KT can give us an example? It's sound interesting, but so confusing at the same time.
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Just converted all US $10,000 amount into foreign currencies.
European Euros: 7,887.68
British Pounds: 6,515.51
Australian Dollars: 10,794.47
Brazillian Reals: 17,215.00
Japanese Yen: 837,200.01
Indian Rupees: 462,500.00
South African Rand: 71,838.00
Russian Rubles: 308,750.00
You would have one type. PM has two to manage.
Basically every day, each morning and evening I will post the rates for all 8 currencies to convert into dollars. Your goal is to convert back to US Dollars. If you make more than what you started with which is $10,000 then you gain extra income. Whichever team has total extra income wins much like last task.
Hope that helps.
Example:
Currently from the currency exchange converter site, 1 USD = 30.8750 RUB. One US Dollar is 30.87 Indian Rupees. If tomorrow I post up new rates according to the site that 1 USD = 30.8500 then whoever has Indian Rupees should trade because rupees' worth increases and US dollars decreases. Which means you get more dollars for your rupees.
