It converts a foreign price into local currency. Fees and the provider’s margin can change the amount actually received.
Exchange rate
In a nutshell
An exchange rate shows how much one currency is worth in another currency.
On this page
Explained simply
A practical example
Hypothetical example: at an exchange rate of CFA 600 per dollar, a USD 100 invoice equals CFA 60,000 before fees.
Further reading
Source: Banque de France — Exchange rates.
Try it yourself
Compare two situations
Choose a situation to see its outcome, then test your understanding.
What this means
A USD 100 invoice equals CFA 60,000 before fees.
Educational scenarios. Amounts and rates are fictional, not current market conditions.