If a box of Swiss chocolate priced at 100 francs can be purchased for $50, the exchange rate is 0.50 dollars per franc.
The dollar is the official currency of the United States. Apart from the United States, it is the official currency of several other countries as well. In dollar only, there are different terms for one dollar, two dollars, five dollars, and ten dollars.
There is a special symbol that is used to denote the dollar, that is “$”. Putting the U.S. dollar on par with the Spanish silver dollar, splitting it into 100 cents, and approving the production of coins with dollar and cent values.
Therefore, the exchange rate is 0.50 dollars per franc.
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