It helps me to think of it this way. 1.32 IQD to 1 USD means it takes 1 whole dinar and .32 of ANOTHER dinar just to get $1. It’s not QUITE at a dollar. That’s $.76. So if it was .50 IQD to 1 USD, that means it only takes HALF of one whole dinar to equal a dollar — so that’s a $2 rate. If it was .33 IQD to 1 USD, that means it only takes 1/3 of a whole dinar to equal a dollar — wow, that’s a $3 rate!
