What is an exchange rate?
What is an exchange rate?
An exchange rate is the price of one currency in terms of another. For example, if £1 = €1.20, one pound can be exchanged for €1.20.
Step-by-step lessons on AQA GCSE Business 2.4.2 Exchange rates. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.