A currency table records the number of pounds exchanged for one Swiss franc.
| Month | Pounds exchanged for 1 Swiss franc |
|---|---|
| February | £0.92 |
| May | £0.86 |
Which conclusion follows from the table?
The Swiss franc depreciated against the pound
Both currencies lost value between February and May
The quotation rose from £0.86 per Swiss franc to £0.92 per Swiss franc
In May, £1 bought fewer Swiss francs than in February
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.