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the norwegian kroner:usd exchange rate is 10:1 while the norwegian kroner:euro rate is 12:1. if you start with 1,000,000 euros, how many usd will you have, using these exchange rates

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The norwegian kroner:euro rate is 12:1, 1,000,000 euros will be 83,334, norwegian kroner in usd the ratio is 10:1 so the money after facing the exchange rate will be 8333.4 usd.

More about exchange rate:

The price of one country's currency/money in relation to another country's currency is known as the exchange rate. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."

The economic activity, the market interest rates, gdp, and unemployment rate in each of the countries are frequently used to calculate how much one currency will swap for another (value of money). They are established in the global financial market and are frequently referred to as market exchange rates.

Learn more about exchange rate here:

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