Edexcel IGCSE Economics 2.2.3.a exchange rate calculations
Practise exchange-rate calculation questions by multiplying or dividing with the stated rate and giving the correct currency units.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Calculate prices or export values by multiplying or dividing by the exchange rate.
- Use the correct currency symbol and round converted values when required.
2.2.3.a Exchange rates question 1
[Maximum number: 2]
Rachel buys a t-shirt for 1000 Kenyan shillings (KES) when she is on holiday.
The exchange rate is £ 1=137.73 KES.
Calculate, to two decimal places, the price in sterling ( £ ) of Rachel's t-shirt. You are advised to show your working.
A02 2 marks
Award 1 mark for showing the calculation.
Award 1 mark for the correct answer.
1000/137.73 (1) = £7.26 (1)
Award 2 marks if the correct answer is shown, with sterling symbol, even if no calculations are shown.
Do not award marks for the formula
(2)
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