What does an exchange rate measure?
The exporter can keep the overseas price unchanged and receive more pounds per sale, increasing profit per unit.
UK exports become dearer abroad, so overseas customers may see them as expensive against local rivals.
The price of one currency in terms of another.
Imported stock or raw materials cost more pounds for the same quantity.
Flashcards for AQA GCSE Business 2.4.2 Exchange rates, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 25 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.
