InterviewSolution
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What Is Triangulation? |
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Answer» A means of converting BALANCES from one currency to another via a third common currency. In Europe, this is the euro for member countries. For example, to convert from French franc to Italian lira, the common currency is defined as European euro. Therefore, in order to convert balances from French franc to Italian lira, balances are CONVERTED from French franc to European euro Triangulation means doing translation from source currency to any currency other than destination currency. Example: If u have USD, EURO & YEN our source currency is USD & destination currency is YEN if u WANT to translate from USD to EURO, system will translate FIRST from USD to YEN & then YEN to EURO in reverse manner. A means of converting balances from one currency to another via a third common currency. In Europe, this is the euro for member countries. For example, to convert from French franc to Italian lira, the common currency is defined as European euro. Therefore, in order to convert balances from French franc to Italian lira, balances are converted from French franc to European euro Triangulation means doing translation from source currency to any currency other than destination currency. Example: If u have USD, EURO & YEN our source currency is USD & destination currency is YEN if u want to translate from USD to EURO, system will translate first from USD to YEN & then YEN to EURO in reverse manner. |
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