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Exchange rate open tuition lecture notes Eg 2)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Exchange rate open tuition lecture notes Eg 2)

  • This topic has 5 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 28, 2020 at 5:09 pm #596923
    cadhakan
    Participant
    • Topics: 71
    • Replies: 123
    • ☆☆

    Hi sir,

    I see this video but I am still not able to get it. I have qstn that why u multiply 240000$* 9.2530?. Instead divide. I am very confused how to know when to divide and multiply?? Can you please explain me. Thanks in advance

    November 28, 2020 at 5:56 pm #596942
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    9.2530 IR = 1 R$

    So 1R$ = 9.2530 IR
    Therefore 2 R$ = 2 x 9.2530 IR
    and 3 R$ = 3 x 9.2530 IR

    We want 240,000 R$, so this equals 240,000 x 9.2530 IR

    November 28, 2020 at 6:01 pm #596944
    cadhakan
    Participant
    • Topics: 71
    • Replies: 123
    • ☆☆

    I understand sir. But what if question change like instead of R$ 240000 to IR 240000 than how can I do ??

    November 29, 2020 at 8:49 am #596970
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    9.2530 IR = 1 R$

    Therefore, 1 IR = 1/9.2530 R$

    So 240,000 IR = 240,000 x 1/9.2530 R$

    November 29, 2020 at 9:27 am #596982
    cadhakan
    Participant
    • Topics: 71
    • Replies: 123
    • ☆☆

    Thank you so much sir. I understand your lectures. I find easy to understand. Thanks again sir.

    November 30, 2020 at 9:39 am #597080
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • The topic ‘Exchange rate open tuition lecture notes Eg 2)’ is closed to new replies.

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