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How to read the exchange rate $/£ 1.70 and £:$1.70

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › How to read the exchange rate $/£ 1.70 and £:$1.70

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  • March 10, 2022 at 12:19 am #650600
    nataliemcc
    Participant
    • Topics: 7
    • Replies: 1
    • ☆

    I have little bit confuse about these two sign, is $/£ 1.70 read as $/£ 1.70/1?

    Thanks for answer

    March 10, 2022 at 7:08 am #650688
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54470
    • ☆☆☆☆☆

    They both mean the same. i.e. 1.70 $’s equals 1 GB Pound.

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