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04 Jul DECIMAL PLACES vs SIGNIFICANT FIGURES for FX Rates: Why the wrong choice can have a major impact on your company accounts

Posted at 16:15h in Blog by fxadmin284
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    Many companies standardise on a certain number of decimal places when they use currency rates. However, this can be dangerous for low value currencies, creating very inaccurate rates or even rates of zero. But what’s the difference between decimal places and significant figures? When rounding to a...

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