Exchange Rates (Grade 12 NSC Matric Tourism): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
What currency rates show
What currency rates show
How much of one currency needed to buy one unit of another
Base currency in a pair
Base currency in a pair
First currency; what you're converting from
Payment currency in a pair
Payment currency in a pair
Second currency; what you're converting to
Bank buying rate (BBR)
Bank buying rate (BBR)
Rate bank pays when buying foreign currency from you
Bank selling rate (BSR)
Bank selling rate (BSR)
Rate bank charges when selling foreign currency to you
BBR vs BSR: which is higher?
BBR vs BSR: which is higher?
BSR is always higher than BBR
Dealer's margin
Dealer's margin
Difference between BBR & BSR; bank's profit
Weak rand impact: SA travellers
Weak rand impact: SA travellers
International travel becomes more expensive for South Africans
Weak rand impact: foreign tourists
Weak rand impact: foreign tourists
SA becomes cheaper; more value for their money
Effect of lower inflation on currency
Effect of lower inflation on currency
Currency typically strengthens