Cryptocurrency Q&A
How do you calculate a bank charge vs a market exchange rate?
How do you calculate a bank charge vs a market exchange rate?
TaegeukChampionCourageousHeartWarrior
Thu Nov 14 2024
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5
answers
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I'm trying to understand how to calculate the difference between a bank charge and the market exchange rate. I want to know the method or formula to compare these two rates.
5 answers
CryptoWizard
Fri Nov 15 2024
To make the result more understandable, convert the decimal into a percentage by multiplying it by 101.
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Valeria
Fri Nov 15 2024
To determine the additional fee a bank may impose compared to the market exchange rate, you need to follow a specific calculation.
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JejuSunshineSoulMate
Fri Nov 15 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and a wallet service. These services cater to the needs of both individual and institutional investors in the digital asset space.
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Daniela
Fri Nov 15 2024
Begin by identifying the difference between the bank's exchange rate and the market exchange rate.
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Chloe_jackson_athlete
Fri Nov 15 2024
Next, divide this difference by the market exchange rate. This will give you a decimal result.
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