4.1 International economics

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Question 25

With reference to Figure 2, explain the likely effect of an appreciation of the British pound (£) against the Canadian dollar (C$) on the volume of UK imports from, and UK exports to, Canada.

Figure 2: British pound (£) to Canadian dollar (C$) exchange rate

British pound (£) to Canadian dollar (C$) exchange rate chart

Date	Exchange Rate (£1 = C$)
Jun 2022	1.58
Dec 2022	1.52
Jun 2023	1.61
Dec 2023	1.70

[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 25

With reference to Figure 2, explain the likely effect of an appreciation of the British pound (£) against the Canadian dollar (C$) on the volume of UK imports from, and UK exports to, Canada.

Figure 2: British pound (£) to Canadian dollar (C$) exchange rate

British pound (£) to Canadian dollar (C$) exchange rate chart

Date	Exchange Rate (£1 = C$)
Jun 2022	1.58
Dec 2022	1.52
Jun 2023	1.61
Dec 2023	1.70

[5]

4.1 International economics

Question 25

Figure 2: British pound (£) to Canadian dollar (C$) exchange rate

4.1 International economics Questions

4.1 International economics

Question 25

Figure 2: British pound (£) to Canadian dollar (C$) exchange rate

4.1 International economics Questions