What an exchange rate tells you
What an exchange rate tells you
An exchange rate tells you how much one currency is worth in another currency. If the rate is written as £1=€1.18£1 = €1.18£1=€1.18, each pound can be exchanged for €1.18.
What an exchange rate tells you
What an exchange rate tells you
An exchange rate tells you how much one currency is worth in another currency. If the rate is written as £1=€1.18£1 = €1.18£1=€1.18, each pound can be exchanged for €1.18.