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Exchange rates

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Question 1

The graph below shows the exchange rate of British Pounds (£) to Canadian Dollars (CAD) between 2020 and 2023.

Exchange rate graph

What was the change in the exchange rate between the start of 2020 and the end of 2023?

British Pound depreciated by 50%

Canadian Dollar appreciated by 33.3%

Canadian Dollar appreciated by 50%

British Pound appreciated by 33.3%

Exchange rates Questions

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