The currency conversion rule
The currency conversion rule
A currency exchange rate tells you how much foreign currency is equal to one unit of your own currency. For example, at 1.40 dollars to the pound, £1 is worth $1.40.
Step-by-step lessons on OCR GCSE Economics 4.3.3 Calculate currency conversion. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.