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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Quiz: Exchange Rates
Hi,
another difficult question about exchange rates I am afraid ( I have little understanding of this area)
The following are the exchange rate for sterling:
Euro / £ 1.44
Yen / £ 232.11
US$ / £ 1.71
How many Euros would you get to the US$?
Thank you
1 GBP gets 1.44 euros
1 GBP gets 1.71 US$
So 1.44 euros = 1.71 US$
So 1 US$ will get 1.44/1.71 = 0.8421 euros
(Why do you not watch the free lecture on this?!)
Actually those are the only one I haven’t watched
will definitely do so before the exam
thank you
You are welcome 🙂