importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
ReplyDeleteimporter would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling.
A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such,
the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
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