2 thoughts on “Buying & Selling in a Foreign Currency”

  1. Question #1: How often do I need to add or insert the currency exchange rate?

    a) Everyday
    b) On the days that I need the exchange rates to be reflected in my system
    c) As and when I want to

    Reply
    • Correct Answer: b) On the days that I need the exchange rates to be reflected in my system

      Explanation: The system only requires an currency exchange rate when there are transactions on that day. Where there are no transactions, the system does not require new rates. Alternatively, if there are no rates that are updated, the system will pick the last rate and apply that.

      Reply

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