Economics 0455 · IGCSE · Foreign exchange rates

Foreign exchange rates — practice question

The table gives the number of units of foreign currency that the UK pound (UK£) was able to purchase in August 2012 and August 2013. What conclusion can be drawn from the table about how currency values changed between 2012 and 2013?

  • AThe Argentine peso appreciated against the UK pound.
  • BThe Argentine peso depreciated against the euro.
  • CThe euro depreciated against the UK pound.
  • DThe South African rand appreciated against the euro.

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