4.1 International economics

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Question 21

With reference to Figure 1, explain the likely effect of a depreciation of the British Pound (£) against the Japanese Yen (¥) on the volume of UK imports from, and UK exports to, Japan.

Figure 1: British Pound (£) to Japanese Yen (¥) exchange rate

British Pound (£) to Japanese Yen (¥) exchange rate

Date	Exchange Rate (£1 = ¥)
Jan 2022	160
Jun 2022	165
Dec 2022	155
Jun 2023	145
Dec 2023	138

[5]

4.1 International economics

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

Question 21

With reference to Figure 1, explain the likely effect of a depreciation of the British Pound (£) against the Japanese Yen (¥) on the volume of UK imports from, and UK exports to, Japan.

Figure 1: British Pound (£) to Japanese Yen (¥) exchange rate

British Pound (£) to Japanese Yen (¥) exchange rate

Date	Exchange Rate (£1 = ¥)
Jan 2022	160
Jun 2022	165
Dec 2022	155
Jun 2023	145
Dec 2023	138

[5]

4.1 International economics

Question 21

Figure 1: British Pound (£) to Japanese Yen (¥) exchange rate

4.1 International economics Questions

4.1 International economics

Question 21

Figure 1: British Pound (£) to Japanese Yen (¥) exchange rate

4.1 International economics Questions