Caculating Exchange Rates Flashcards
1
Q
How to calculate exchange rates
A
Pounds euros - multiply the number of pounds by the exchange rates
To change from euros to pounds - Divide the amount of euros by the exchange rates
If the value of the pound increases
Bad news for the UK because businesses that are exporting to other countries becomes expensive so demand decreases
Good news for UK because businesses that are importing from other countries goods because become cheaper for the UK businesses
