lutherbeau
Joined: 09 Nov 2012
Posts: 10
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 Posted: Fri Nov 09, 2012 4:05 pm Post subject: TT of Funds to another Bank... |
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I need help with understanding conversion and transfer of currency.
My first question is: If we have deposited in our PNG business bank account an amount of Kina150,000-00 and we have this transfered by TT to our Australian bank account, what would the approx. amount in Australian dollars that would be received?
My second question is: What calculation do you use to convert the value of Aust. dollars into PNG Kina, if for instance I was quoting a firm in PNG to supply goods etc. I know my Aust $ amount but not sure of how to calculate this into PNG Kina.
I thank you for your assistance
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