buy
UK import businesses have to change pounds into foreign
currencies to buy from suppliers
To change a foreign currency back into pound, divide the sum by
the rate. E.g. to change €90 into pounds, divide 90 by 1.48 =
£60.81
to work out the exchange of currencies yo
working out
To change pounds into another currency, multiply by the rate.
E.g. at £1 = €1.48, £50 changed into Euro would be 50 x 1.48 =
€74
UK export businesses want paying in pounds.
:
Foreign customers will therefore have to change their currency
into pounds to make the payment.
sell
e
the price of one currency expressed in terms of another
currency
demand-
UK import businesses have to change pounds into foreign
currencies to buy from suppliers
To change a foreign currency back into pound, divide the sum by
the rate. E.g. to change €90 into pounds, divide 90 by 1.48 =
£60.81
to work out the exchange of currencies yo
working out
To change pounds into another currency, multiply by the rate.
E.g. at £1 = €1.48, £50 changed into Euro would be 50 x 1.48 =
€74
UK export businesses want paying in pounds.
:
Foreign customers will therefore have to change their currency
into pounds to make the payment.
sell
e
the price of one currency expressed in terms of another
currency
demand-
