Currency conversion tools
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 Dear
Dr. Don,
What is a good Web site to get the current currency rates for converting U.S. funds to Canadian dollars?
-- Damon Dollars
 Dear
Damon,
You can get currency
quotes on Bankrate that are supplied to Bankrate by Oanda.com. You aren't
able to actually convert U.S. dollars to Canadian dollars at that rate, but it's
a good ballpark estimate of where you should be able to convert.
If
you are looking for actual rates, and are a U.S. citizen, you can compare Oanda's
FX Delivery
service to rates offered by your local bank. Dear
Dr. Don,
I own a stock that another company wants to acquire
in a cash offer valued at 1,140 pence for each share. How much is this in American
currency? Thank you.
-- George Guineas Dear
George,
As I told Damon in the letter above, use Bankrate's currency
converter to get a rough idea of how it translates from pounds to dollars. With
100 pence to the pound, your 1140 pence equals 11.4 pounds which is worth roughly
$22.42 per share. I'm guessing that you own shares in Gallaher
Group Plc, the acquisition target of Japan Tobacco, based on the acquisition price
you quoted. To ask a question of Dr. Don, go to the "Ask
the Experts" page and select one of these topics: "Financing a home,"
"Saving & investing" or "money." | 
