"Richard Heathfield" <rjh@see.sig.invalid> wrote in message
news:XtydnZXsaupsOLbanZ2dnUVZ8t2snZ2d@bt.com...
> Tor Rustad said:
>
>> What if the currency of the transaction, is different from the currency
>> of the account?
>
> I think you'll find that the banks fudge the amount so that it comes to a
> whole number of pennies/cents/whatever.
>
> Badly, it seems. In 1997, 1 Euro was supposed to be worth around 73p,
> and it's currently only worth about 69p, so it's dropped by about 5.5%
> over
> 10 years.
>
1 Euro isn't worth 69p. If you can trade it at all you'd probably get more
like 50p for it. Trade thousands of Euros and you'll be able to get better
terms.

That's the answer to Tor's question. A bank cannot covert 100 Euros to 69
pounds 21.23456p applying the exchange rate. It's got to trade those Euros
with someone who has pounds. And it will settle on a whole number of
pennies.


--
Free games and programming goodies.
http://www.personal.leeds.ac.uk/~bgy1mm