it is based on a 1000 fil system. saudi arabia is based on the 100 fil system hence why their exchange rate is actually higher than .27 or whatever it lists as.
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Neno,
I appreciate the very thought out and lengthy reply to me asking for the math equation. I guess I am a little confused b/c the original math showed a rate of .19. what happened to that one?
The one you did most recently matches the .79 which could be figured by just lifting the 3 0's off of the exchange rate, right?
yes. both were automatically generated emails to subscribers.
now, this all is so very interesting that all these figures end up criss-crossing and not just approximates but exact amounts. i believe youve stumbled upon the answer to the rate here folks.:woohoo:
Someone please help me...My question was How they got to this:NENO:
then Storms said:Quote:
Just figuring what we have here. Now lift the 3 Zeros they have talked about, and we would get this.....
0.000516326 Move 3 Zeros. Wouldn't that be .516326 divided by 100 fils = 1.9230769 Which would be $1.92 per dinar. One Million Dinar would then be worth $1,920,000.00 Help anyone, isn't this right if that was the case? Sounds really nice... :ro_emote: :ro_emote:
Then I asked:Quote:
What would happen if you divided it by 1000 FIL's? .516326 = .19 Would that be right?
Then Neno answered:Quote:
also, can you all who were playing around with the numbers please explain how dividing .000516326 after removing 3 0's by 1000 fils = .19???
can you lay out the entire math equation???
But that isn't the original problem from above.Quote:
We know that $1 USD = .660185 SDR and $1 NID = 0.000516326 SDR due to the rates posted on IMF. From here you use the following equation:
$1 USD .660185 SDR
--------- = ------------------
$x USD 0.000516326 SDR
Now you determine "x" by cross multiplying the numbers and divinding by "x". So, you get:
($1 USD * 0.000516326 SDR) = (.660185 SDR * $x USD).
The equation now looks like this:
0.000516326 = .660185x.
Now divide 0.000516326/.660185x and you will get the answer $ 0.00078209 USD. Now we need to see what that is worth a little easier. Since we have large NID, it is easier to look at it from the standpoint of, "My NID is worth x".
To do this use the same type of equation and process:
$1 NID $ 0.00078209 USD
-------- = -----------------------
$x NID $ 1 USD
The answer is $0.00127. Now if they drop 3 zeros from the rate, $1 NID = $.78 USD, or for every $1 dollar, NID equals $1.27. Hope this helps!
:wacko::wacko::wacko: