1. Currencies Memorandum 1. 25x3 = €75 60x3 = €180 Total €255 X 9.20 =ZAR2346 2.1 ZAR8000 x 10 = 80 000 ZAR200 x 10 = 2000 ZAR525 x 10 = 5250 x 4=21000 ZAR450 x 10 =4500 x 3 =13500 TotalZAR116500/12.50 =9320GBP

2. 2.2 600 x 10= 6000 1000 x 2=2000 75 x 10 =750 x 2=1500 Total=9500/9.20 =€1032.60 3.1 Foreign Exchange 3.2 Travellers cheques Cash Debit Card 3.3 Travellers cheques

3. 3.4More tourists will visit RSA More profit More job creation Will influence multiplier effect positively 3.5 The rate which ZAR can be exchanged for other currencies 3.6 Bank selling rate: The rate at which the bank sells foreign currency Bank buying rate: The rate at which the bank buys foreign currency 4.1 45$ x 4 =180 12$ x x4 =48 x 2 =96 Total $276 x 7.25 = ZAR2001 Budget ZAR2500 -2001 Lunch R499 $68

4. 4.2 65 x 2 =130 x 3= 390 35 x 4 = 140 x 3= 420 15 x 4 = 60 x 3= 180 90 Total$1080 x 7.25 =R7830 Budget R3550 Already over budget

5. 5. €400 x 8= €3200 x 9.20 = R29440/1.50 =19626Pula €720 x 8 x 4 =€23040 x 9.20= R211968/1.50 = 141312 Pula 160938Pula 6. $450 x 7.25 = R3262.5 £270 x 12.50 = R3375 South African = R3000 1300Rupee x 1.20 =R1560 1000metical x 2.60 =R2600 British tourist spend the most

6. 7.R5000/1.20= 4166Rupees 8. 500MZM x 2 x 33000 x 2.60=R7800 300MZM x 2 31800 x 2.60=R4680 220 x 2 440 x 2.60=R1144 100 x 2 x 3600 x 2.60=R1560 50 x 2100 x 2.60= R 260 100 x 2 200 x 2.60= R520 Total= 15964

7. 9 ZAR45000 2500 Yen x 11.75= 29375 200BW x 1.50= 3000 Total=R32375 45000 -32375 = R12625/12.50 = £1010 10.1 Visiting friends and relatives 10.2 More space, comfortable, special toilets 10.3 Ramp/lift to airplane/parking close to airplane/special; toilets 10.4 R20000/7.25 =$2758

8. 11 €200 x 9.20 = ZAR1840 € 150 x 9.20= ZAR 1380 Total= R3220 12 £2.75 + £1.50 + £1.00 = £5.25 £4.00 + £1.00 = £10.25 x 12.50 = R128.12