guilders, 16 stivers, at 40 cents per guilder. I demand the amount in federal money. Ans. $650 32.c. 25. What shall I receive in federal money for 2461 guilders, if I negotiate my draft for the same at 39 cents per guilder? Ans. $959 79 c. VI. To change federal money into guilders. RULE-Divide the given sum in federal money by the rate of exchange the quotient will be the answer in guilders. EXAMPLES. 26. What will be the amount in guilders of that bill which I can buy on Holland for $650 32 cts. exchange at 40 cents per guilder. Ans. 1625 guild. 16 stiv. 27. How many guilders can I remit to Holland for $959 79 cts. when the exchange is at 39 cents per guilder? Ans. 2461 guilders. EXCHANGE WITH HAMBURGH. Books of accounts are kept in marks, schillings and deniers-lubs, or in pounds, schillings and pence, Flemish. 1 sous lub, 1 mark, lub, or banco, 1 rix dollar, 17. gross or Flemish, s. d. =0 1 = 16 =30 =46 =113 par in ster. The United States exchanges with Hamburgh at 33èts. more or less per mark banco. Hamburgh has two sorts of money as well as Holland, and on account of the convenience and security of the bank, the money thereof runs from 20 to 30 per cent. higher than the current, and is called the agio. 1. To change current money to bank money. RULE-Being the same as for changing current guilders to bank guilders of Holland. EXAMPLES. 28. What amount in banco, can be purchased for 7325 marks currency, when the agio is at 25 per cent ? Ans. 5940. 29. Required the amount of 2450 marks current, in banco, when the agio is at 22 per cent ? Ans. 2000. II. To change bank money to current money. RULE-Being the same as for changing bank guilders to current guilders. I EXAMPLES. 30. If 5940 marks banco, should be changed into marks cur. rent, what will be the amount when the agio is at 25 per cent ? Ans. 7325. 31. If A. of Philadelphia draw a bill of 2000 marks banco on B. of Hamburgh, what amount in current marks, will be sufficient to discharge said bill, admitting the agio to be at 22 per cent? Ans. 2450 III. To change marks banco into federal money. RULE-Multiply the marks by the rate of exchange, and the product will be federal dollars. EXAMPLES. 32. Suppose a bill of exchange on Hamburgh for 12483 marks 10 sous 8 deniers banco, to be sold at 32 cents per mark: what would be the amount in dollars? Ans. $3994.77. 33. If a merchant in Albany draw on Hamburgh for 13862m. 13s. 9d. and negotiate his bill in New-York at par; what does he receive in dollars? Ans. $4620.953 IV. To change federal money to marks banco. RULE-Divide the given amount in federal money by the rate of exchange and the quotient will be the answer in marks. EXAMPLES. 34. How many marks banco of Hamburgh can I purchase for $5461.75 when the exchange is at 32 cents per mark? Ans. 17067 m. 15s. 6d. Hamburgh, and a note to take up at How many marks banco must I draw for in order to raise that sum, when the exchange is at par? Ans. 14614 m. 8s. 35. Having funds in the bank, for $48714. EXCHANGE WITH BREMEN. In this city and its dependencies books and accounts are kept in dollars (thalers) and groats (groten.) s. d. par in ster. The United States exchanges with Bremen at 75 cents, more or less per thaler in louis d'or. The silver money which is current here has been very much adulterated of late, so that it is now an established custom among the merchants to make large accounts and bills of exchange payable in louis d'or. I. To change Bremen dollars ar thalers into federal money. RULE-Multiply the thalers by the rate of exchange, and the product will be the answer in federal money. EXAMPLES. 36. What must be paid in federal money for a bill of exchange on Bremen for 8132 rix thalers in louis d'or, when the exchange is at par. Ans. $6099. 37. How much federal money will I receive for my draft on Bremen for 7815 thalers 48 groten in louis d'or, when the exchange is at 75 cents per thaler; Ans. $5900.8283. II. To change federal money to thalers of Bremen. RULE-Divide the amount given in federal money by the rate of exchange, and the quotient will be the answer in thalers. EXAMPLES. 38. How many thalers of Bremen can I purchase for $6099 federal money, supposing the exchange to be at par? Ans. 8132 thalers. 39. Having shipped 57 hhds. tobacco per the Patuxent, O. C. master, consigned to F. B. of Bremen, who allows of the value of the invoice to be drawn for on receiving it with the bill of lading and orders to have insurance effected thereon, which amounts to $5527.375 federal money, these requisites complied with; quere the amount of my anticipation draft, in thalers of Bremen, when the exchange is at 74 cents per thaler? Ans. 4979 th. 44 gr. EXCHANGE WITH FRANCE. In this country accounts are kept in livres, sols and deniers, tournois a word applied to this money as sterling is to that of England. s. d. = 0 9 par in ster. The United States exchanges with France at 18 cents more or less per livre tournois. 1. To change livres tournois to federal money. RULE-Multiply the livres tournois by the rate of exchange, and the product will be the answer in federal money. EXAMPLES. 40. Suppose I sell my draft on Paris for 5000 livres tournois, how much federal money will I receive when the exchange is at 17 cents per livre ? Ans. $850. 41. What shall I receive in federal money for 2305 livres tournois, if I negotiate my draft on Bourdeaux for the same, at 174 cents per livre ? Ans. $397 614. II. To change federal money to livres tournois. RULE-Divide the federal money, by the rate of exchange, the quotient will be the answer in livres tournois. EXAMPLES. 42. Required the amount in livres tournois of that bill which I can buy on Paris for $850, exchange at 17 cents per livre ? Ans. 5000 livres. 43. How many livres can be remitted to France for $397 614 cents when the exchange is at 174 cents per livre tournois ? Ans. 2305 livres. The present money of account in France is in francs and centimes, or hundredth parts, and is in proportion to the livre tournois as 80 is to 81. III. To change livres tournois to francs. RULE-Multiply the livres by 80, and divide the product by 81, the quotient will be the answer in francs. EXAMPLES. 44. Change 58644 livres tournois to francs. Ans. 57920 francs. Ans. 400 francs. IV. To change francs to livres tournois. 45. Change 405 livres tournois to francs. RULE-Multiply the francs by 81 and divide the product by 80, the quotient will be the answer in livres tournois. EXAMPLES. 46. Change 57920 francs to livres tournois? Ans. 58644 liv. 47. Change 400 francs to livres tournois? Ans 405 livres. EXCHANGE WITH SPAIN. The monies of Spain are of two sorts, viz. vellon and old plate; the latter is more valuable than the former in the proportion of 32 to 17. Accounts are kept in piastres, peso, called also dollars, rials and maravedies, shopkeepers reckon by vellon, and foreign tra ders by plate-money, in which bills of exchange are always paid. 2 maravediés vellon 1 quartile. 4 do. do. make 1 quarto. 1 rial vellon. 1 peso or current dollar. hard dollar. Par in Sterling. 1 rial plate 1 piastre of exchange-3 7 1 dollar 1 ducat of exchange 48,93 L1 pistole of exchange 14 4 The United States exchanges with Spain at 80 cents more or less per piastre of exchange. I To change rials vellon to rials of exchange or plate. RULE-Multiply the rials vellon by 17 and divide the product by 32, the quotient will be the rials plate. EXAMPLES. 48. Change 1200 rials vellon to rials of exchange or plate. Ans. 637 rials plate. 49. Change 2282 rials 12 mar. vellon, to rials plate? Ans. 1212 rials plate. II. To change rials of exchange or plate to rials vellon. RULE-Multiply the rials plate by 32 and divide the product by 17, the quotient will be the rials vellon. EXAMPLES. 50. Change 6374 rials plate to rials vellon. Ans. 1200 ri. vn. 51. Change 12124 rials plate to rials vellon. Ans. 2282 ri. 12 mar. III. To change rials plate to federal money. RULE-Multiply the rials plate by 32, and divide the product by 17 for rials vellon, and by 20 for dollars. EXAMPLES. 52. Change 960 rials plate, to dollars of the United States. Ans. $90.35294. 53. Change 875 piastres, 6 rials, 251⁄2 maravedies, to dollars. Ans. $700.675. IV. To change federal money to rials plate. RULE-Multiply the dollars by 20 for rials vellon, which again multiply by 17, and divide by 32, will give the rials plate, or multiply the dollars by 10% for rials plate. * V. To change piasters of exchange to federal money. RULE-Multiply the piastres by the rate of exchange, and the product will be the answer in federal money. EXAMPLES. 56. What will my bill amount to in dollars, if I draw on Cadiz for 875 piastres, exchange at 78 cents per piastre? Ans. $682 50 cts. 57. What would have been the amount in dollars for the above bill, had the exchange been at 82 cents per piastre ? Ans. $717 50 cts. |