Can anyone let me know the higher value of EURO dollar and US Dollars? My supplier asking me to pay EURO510/ton but when I insist i wanted to pay USD510/ton, he says he loses his profit if I pay him in US Dollars? Whih is correct and which is wrong?
At the time of this answer, it would take 1.475 US dollars to buy 1 euro; alternatively you could state that 1 USD = .677 Euro.
So if you paid him in USD and gave him $510, it would actually be giving him the equivalent of 345 Euro when he had to exchange the USD for Euro so that he could spend it. If he is based in the European Union and the asking price is quoted in Euro, he would indeed be losing quite a lot of money to accept USD on a 1-for-1 basis. It would take $753 US per ton to give him his 510 Euro per ton asking price.
This is the disadvantage of a weak dollar right now - it makes it much more expensive for US Citizens to buy a product from the European Union or Great Britain. The flip side for them is that it is much cheaper to take their relatively more valuable Euro or Pound and buy our goods, which can help US exports.
I sourced you to a currency converter which will allow you to determine what the exchange rate would be if you instead went to your local bank or used a credit card - this would cost you even more than the prices quoted above, which are based on the current spot market.