Exchange Rates Tuesday, 21 May 2019.

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Presentation transcript:

Exchange Rates Tuesday, 21 May 2019

Example The price of a calculator in Britain is £6.95. The same calculator in the USA is priced at $11.82 Given that the current exchange rate with the USA is £1 = $1.45, which country has the calculator at the cheapest price? In the Following week the exchange rate alters so that £1 = $1.58. Is your answer to part (a) still true?

Example The price of a Play station 4 in France is 453 Euros. If the exchange rate is £1 = 1.39 Euros, how much is that converted into pounds sterling?