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  • Exchange Rates

Click to read the article below and then answer the questions:

Pound hits $1.40 for first time since 2018 as vaccine boosts UK outlook

  • Explain what is meant by the term exchange rate

  • With reference to the chart, compare the $:£ exchange rate over the time period shown

  • Identify and explain four factors that can affect the value of a currency

  • Using an exchange rate diagram, analyse the factors which have pushed Sterling to its highest level against the USD since 2018

Gavin Clarke, Emmanuel College

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