So now let's see what the exchange rate of dollar to franc is, suppose for example it is 1.2049 so that means it costs 1.2049 francs to search for dollar. So for holiday let's assume that you are going to spend $500 so which will give us 602 francs as per the previously referred to exchange rate. So with this we carried out our first foreign exchange, you have exchanged your domestic currency to confront foreign forex. This completes one half of foreign exchange transaction.
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