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Clarification on Conversion Rate value

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prisat
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Posts: 412
Joined: Sat May 08, 2010 8:16 am
Location: Earth

Clarification on Conversion Rate value

Post by prisat » Sat Jun 05, 2010 9:50 pm

My claim period is 1st April 2009 to 31st March 2010

This are the figures i get from the site - http://www.oanda.com/currency/classic-converter


Wednesday, March 31, 2010

1 Indian Rupee = 0.01475 British Pound

1 British Pound (GBP) = 67.81177 Indian Rupee (INR)

Interbank rate +/- 0%

This means:
You buy 1 Indian Rupee : 0.01475 British Pound
You sell 1 Indian Rupee : 0.01473 British Pound
You buy 1 British Pound : 67.81177 Indian Rupee
You sell 1 British Pound : 67.86853 Indian Rupee
Median price = 0.01473 / 0.01475 (bid/ask)


Now which one to use (in PBS for Enter exchange rate: field) for claiming points under Earnings Section ??

0.01475

or

0.01473


Please advise

Thanks in advance.

abhin
Newbie
Posts: 37
Joined: Thu Feb 11, 2010 1:13 am

Post by abhin » Sun Jun 06, 2010 9:23 am

you have to use the conversion rate on the last day of last month of your previous earnings.
so your conversion factor is 0.01475

prisat
Member of Standing
Posts: 412
Joined: Sat May 08, 2010 8:16 am
Location: Earth

Post by prisat » Tue Jul 20, 2010 7:22 pm

abhin wrote:you have to use the conversion rate on the last day of last month of your previous earnings.
so your conversion factor is 0.01475
Forgot to thank :)

Just now noticed. Thanks buddy !!!
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