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In countries with cash rounding (Denmark, Sweden, Australia, etc) there are strict rules on how that rounding works. 9.39kr will be rounded here to 9.50kr if I
by Symbiote 2y ago
In countries with cash rounding (Denmark, Sweden, Australia, etc) there are strict rules on how that rounding works.
9.39kr will be rounded here to 9.50kr if I pay cash. 9.24kr would be rounded to 9.00kr.
If I pay electronically it's 9.39kr.
- throwaway2037 2y agoI assume your "kr" example is the Danish kroner here? If yes, for others, the current FX rates is 6.79 DKK to USD. So 0.25 DKK is about 0.0368 USD, or less than 5 cents in US.
- Symbiote 2y agoIt's the Danish crown as I live here, so yes, you lose or gain up to 3½¢. In Sweden they round to the nearest whole crown, so you gain or lose up to 4.8¢. When the US half-cent coin was withdrawn, it had purchasing power equivalent to 16¢ today.