60 bps does not equal 0.60%
Convert AUD$50,000 when exchange rate is .7100 = US$35,500
You get converted at .7040 (.7100 - 60bps) = $US35,200.
Conversion costs $US 300 or 0.845%.
60 bps does not equal 0.60%Convert AUD$50,000 when exchange rate...
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