# Travel >> Travel Preparation >> Currency & Exchange

How to Calculate an Exchange Ratio

Traveling abroad on business or holiday is normally an exciting time, but preparations can sometimes be stressful. Preparing the right currency for the countries you plan to visit is just one of many things to sort out, but a very important one nonetheless. When dealing with different currencies, it can be confusing knowing how much money to bring. Therefore finding out what each dollar is worth and knowing how much to exchange will save you anxiety over bringing too much or too little while traveling.

Computer
Calculator

Instructions

- 1
  Add up the amount of money that is to be changed. Every currency has an exchange rate relative to whatever currency is being exchanged.
- 2
  Use a computer to go online and look for up-to-date exchange rates. These can be found on public banking websites, currency converters and financial websites. Search for the exchange rate between the two currencies you'll be changing.
- 3
  Calculate the exchange rate by multiplying the total value of the currency possessed by the exchange rate for the target currency. For example, if Mr. Smith has $1000, and the exchange rate for Euros is 0.69, then multiply 1000 x 0.69 to get the equivalent total, which is €690.