1. Exchange Rates
Tuesday, 21 May 2019

2. 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?

3. 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?