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Reading an exchange-rate quote

Reading an exchange-rate quote

An exchange rate is the price of one currency in terms of another. In the quote 1 GBP=1.25 USD1\,\mathrm{GBP} = 1.25\,\mathrm{USD}1GBP=1.25USD, one pound buys 1.25 US dollars, so the pound is the currency being priced.

Exchange rates Lesson

  1. A Level
  2. /Economics
  3. /Exchange rates

Step-by-step lessons on OCR A Level Economics Exchange rates. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons