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9 February, 21:01

When doing currency exchange why is it better to carry the transaction out to five or six places rather than round to cents. What am I losing in the transaction? Keep in mind that we are transferring millions of dollars.

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  1. 9 February, 21:35
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    Because exchanging is not always exact so rounding further back will add up per dollar
  2. 9 February, 22:58
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    When rounding earlier, it could be screwing you out of an extra few cents that you might eventually need for tax
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