Foreign Exchange Rates (Grade 10 NSC Matric Mathematics): Flashcards
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Foreign exchange rates definition
Foreign exchange rates definition
Show how much of one currency you can buy with another
What an exchange rate tells you
What an exchange rate tells you
How many rand needed to buy 1 unit of foreign currency
Three main currencies for SA students
Three main currencies for SA students
British pound (£), US dollar ($), Euro (€)
UK currency
UK currency
British pound (£)
Currency used in many European countries
Currency used in many European countries
Euro (€)
Convert rand to foreign currency method
Convert rand to foreign currency method
Divide rand amount by exchange rate
Convert foreign currency to rand method
Convert foreign currency to rand method
Multiply foreign amount by exchange rate
What strengthens the rand?
What strengthens the rand?
Investment in SA or buying local products
Effect of buying imported products
Effect of buying imported products
Weakens rand (money sent overseas)
Strong rand means
Strong rand means
More foreign currency bought with same rand amount