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Example of How Things Work Example 1 Mavis went to North and South America 3 years ago. She had some left over currency and sent to us $5 in USA banknotes, 3 x $1 USA Sacagawea coins and 10 USA dimes. She also send is $10 Canadian dollars and 200 grams of low face value South American coins she got from her travels last year. Based on the exchange rates from XE.com USD5.00 = AUD6.48 x 90% = AUD5.83. USD3.00 = AUD3.89 x 50% = AUD1.95. CAD10.00 = AUD10.14 x 90% = AUD9.12. 220g coin x AUD7.50 = AUD1.65. A total of $9.43 Australian Dollars will be sent to Mavis. Example 2 Reginald travelled to Turkey in the early 1990’s and has had a number of old banknotes and coins sitting in a draw is his holiday. As the coins are of low value they were weighed and there was 350grams. The notes totalled 250000000 lira. As these notes were issued prior to 2005 they are Old Lira. In 2005 New Lira were issued. Old Lira were converted to New Lira at a rate of 1000000 to 1. Old Lira are now demonetarised. Based on exchange rates from XE.com 250000000 Old Lira = 250 New Lira = AUD85.67 x 50% = AUD42.84. 350g coin x AUD7.50 = AUD2.63, A total of $45.47 Australian Dollars with be sent to Reginald by Paypal. |
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