Barack is travelling to dubai. he wants to bring $350 cad with him. the conversion rate from cad to uae dirham is 2.94. how much money, in dirham, will barack be able to bring with him?

Respuesta :

Barack be able to bring 1029 dirham with him.

What is currency conversion rate?

The amount of one currency needed to buy items in another is shown by conversion rates.

Currency rates and spot prices on the foreign exchange market are comparable to conversion rates.

In relation to supply and demand, conversion rates are impacted.

Governments and central banks implement policies in response to supply and demand dynamics that affect the conversion rate.

According to the question,

The conversion rate from cad to uae dirham is 2.94

Money, in dirham,  Barack would be able to bring with him,

=(350*2.94) dirham

=1029 dirham

Learn more about conversion rates here:

https://brainly.com/question/14350438

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