The table shows two exchange rates for the pound in January and June.
| Exchange rate | January | June |
|---|---|---|
| Japanese yen per £1 | 185 | 178 |
| Pounds per 1 Swiss franc | £0.91 | £0.88 |
Which statement correctly interprets both changes from January to June?
The pound appreciated against both the yen and the Swiss franc.
The pound depreciated against both the yen and the Swiss franc.
The pound appreciated against the yen and depreciated against the Swiss franc.
The pound depreciated against the yen and appreciated against the Swiss franc.
53 exam-style questions on OCR GCSE Economics 4.3 Exchange rates, covering 4.3.1 Draw how exchange rates are determined, 4.3.2 Analyse how exchange rates are determined, 4.3.3 Calculate currency conversion, 4.3.4 Analyse exchange rate data, and 4.3.5 Effect of exchange rate changes. Each one has a worked solution and a mark scheme showing where the marks go.