Who does the money conversion on an international order?
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YOUR BANK WILL AUTOMATICLY CORRECT THE RIGHT AMOUNT OF CURRENCY FGRRROM CANADIAN DOLLARS TO US DOLLARS, MINUS THERE FEE. YOU STILL COME OUT AHEAD. IF YOU WANT TO KNOW HOW TO FIGURE IT OUT YOUR SELF GO TO AN ONLINE CONVERSION WEBSITE TO CO CONVERT CERRNECY.
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Trading in the currency of other countries.
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The Post Office will cash the money order if they have enough funds on hand and the mo is legit.\n\nBe aware that there are a huge number of fraudulent money orders out there and cashing fake money orders is one of the hottest scams.  The tell tale signs of the scam is if someone asks that you cash the money order and send them part of the money with a legitimate money order or check.  If this is the case , not only will you lose your money but you might be prosecuted as a part of a money order fraud/money laundering scheme.
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Go to www.oanda.com  It is a currency conversion website that will calculate rates at different dates and using different exchange rate types (e.g.interbank etc)
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You can perform currency conversions at:\n\nhttp://www.xe.com/ucc/\n\n1 US dollar = 7.94620 Swedish Kronors
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Most banks in other than very rural areas are able to do this, but it may take them some time, if they don't do it regularly.  It may depend on which currency is being exchanged, too.
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You use a color printer and color copier and then you go to a foriegn country and find some hapless victem (because they are unlikely to know what the real currency looks like)to exchange your fake money with real money.  Then you go to the bank and exchange the money you have with the money you want.  For instance, you don't want to counterfiet dollars. You want to counterfiet yens, yauns and pesos for example.
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plenty of tools on the net - free\n\ngoogle search string [ conversion tools money ]\n\nhttp://finance.yahoo.com/currency\nhttp://www.seoconsultants.com/currency-converter/\nhttp://www.oanda.com/convert/classic
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There are quite a few interactive currency converters. One is here on Yahoo! even. \nhttp://finance.yahoo.com/currency?u
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When someone from country A buys something from someone in country B, person A's money is first converted into the currency of country B, and then the product is purchased. If A buys more from B than B buys from A, the demand for B money relative to A money is greater, and the price of B's currency has a tendency to rise relative to A's currency. Example: the US buys more goods from China than China buys from the US. This makes pressure for the Chinese currency to rise relative to dollars, but the Chinese government prevents the appreciation of their currency relative to the dollar, in part by purchasing US debt, in the form of US government bonds. This keeps the price of their goods cheap.
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To pay or to send money through money order is to fill up the prescribed form of the Post Ofice/other organisation doing Money Order business. Hand it over at the counter of that office/organization along with the money you want to send. You will also have to pay their commission charges for the service provided to you. The office/organization branch at the payee's town will make payment of the amount entered in to the Money Order and get receipted on the space provided on the Money order. Acknowledgement portion containing the recipt of the party will be delivered to your address. If the payee refuses to receive the money the amount will be paid back to you.\n\nAs for the payment through check, it is quite simple. If you have a Bank Account and a check book of that account, simply fill in the name of the payee on the top after the words "PAY BEARER/ORDER", enter the amount in figures and words on the space provided thereon and hand that over personally or send through post/courier service to the party to whom you want to pay. The party concerned will get the amount of the check credited to his own Bank account.
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if you are running 2 sep. entity sets of books then you need to have an account set up for a receivable and payable of some kind or an exchange account. you did not say what the transfer is for so it is hard to give you the exact details.
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Accounting for Forex is done as per Accounting standard 11 (The effects of changes in Foreign Exchange rates).\n\nA foreign currency transaction should be recorded, on initial recognition in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of the transaction.\n\nThere are separate treatments prescribed in the AS 11 to consider at each of the balance sheet date.\n\nFor detail....check out AS 11 on ICAI website\nhttp://www.icai.org/icairoot/resources/as_index.jsp
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Not all money orders are the same.  A U.S. Postal Money Order is purchased at a post office in the United States, but it can be cashed at another post office or bank or any place that a check can be cashed.\n\nThe Travelers Express MoneyGram International money order can be cash at banks in the U.S.A. and many outside the country, but it cannot be cashed at another post office.\n\nIf you have no means of contacting the seller to confirm that it is okay to use, you might go ahead and use it.  If they can cash it or deposit it in their bank, then it is not an issue.  The one thing that you need to be aware of is that many scams request Postal Money Orders only because they are less traceable and a bank account is not needed to cash it.
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It's simple, you just take the amount of money to a bank or the post office (I think the post office has a limit as to how much they'll do the money order for, and the bank will probably charge you more in fees).  They'll charge you a fee, and write you up a little slip of paper that looks like a cheque with the amount you paid on it.\n\nYou just fill out the details on the money order and it's all done!
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www.gocurrency.com In the upper right corner there is a curency converter. You can see what P250 or 2 pounds fifty is in any currency.
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where are you sending your money? is it in the united states? it also depends on the amount of money you are sending.