I am not even sure of the specification method ... I believe that a notation of "11,29" means eleven and twenty-nine hundredths of a Euro. Is this correct? At the December 29, 2020 rate, that would be roughly equivalent to $13.83 in US dollars, which would be an acceptable price for the product I am seeking.
So my two questions are: (1) does a comma indicate the separation between whole Euros and fractional Euros?
and (2) How stable is the conversion rate? Tenths of a percent; Hundredths of a percent; thousandths of a percent within a period of one week?
Post by Perfect Grunt on Jan 4, 2021 2:54:22 GMT -8
I can only answer parts of your question:
I believe that a notation of "11,29" means eleven and twenty-nine hundredths of a Euro. Is this correct?
It's not the question of EUR or USD, it's the question of language.
(Disclaimer: That is how I think it is. That must not necessarily mean the truth. )
If you have a thousand Euros, two hundred Euros, thirty Euros, four Euros and fiftysix (Euro) Cents, an English-speaking person would write it like this: € 1,234.56 A German would write it like this: 1.234,56 €
The exactly same goes for USD or any other currency -- you write numbers according to the language, not the currency.