Skip to content

Course home

x
4.3.1 Draw how exchange rates are determined
x

The price of a currency

The price of a currency

An exchange rate is the price of one currency expressed in terms of another. For example, if £1 buys US$1.30, the price of one pound is 1.30 dollars.

4.3.1 Draw how exchange rates are determined Lesson

  1. GCSE
  2. /Economics
  3. /4.3.1 Draw how exchange rates are determined

Step-by-step lessons on OCR GCSE Economics 4.3.1 Draw how exchange rates are determined. 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.

Lessons