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1 GBP = 16.5746 BWP
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2.2.1 Step 1: Understand the relationship between "Units per ZAR" and "ZAR per unit". "Units per ZAR" means how many units of a foreign currency you get for 1 South African Rand (ZAR). "ZAR per unit" means how many ZAR you need to buy 1 unit of the foreign currency. These two values are reciprocals of each other.
Step 2: Use the "Units per ZAR" value for United Arab Emirates (AED) from Table 6. For AED, "Units per ZAR" = . This means .
Step 3: Calculate "ZAR per unit" by finding the reciprocal. To find how many ZAR are in 1 AED, we calculate: Rounding to four decimal places, we get . This shows how the United Arab Emirates (AED) of per unit was obtained.
2.2.2 Step 1: Identify the exchange rates for British Pound Sterling (GBP) and Botswana Pula (BWP) relative to ZAR from Table 6. For GBP: For BWP: (from "Units per ZAR")
Step 2: Convert GBP to ZAR, then ZAR to BWP to find the exchange rate of BWP per GBP. We want to find how many BWP are equivalent to . First, convert to ZAR:
Next, convert this amount of ZAR to BWP:
Step 3: State the exchange rate. The exchange rate between British Pound Sterling (GBP) and Botswana Pula (BWP) is approximately .
2.2.3 Step 1: Identify the exchange rate for Brazilian Real (BRL) to ZAR from Table 6. From the table, "ZAR per unit" for BRL is . This means .
Step 2: Calculate the total amount in ZAR that Bongani received. Dudu sent . Amount in ZAR = Amount in ZAR =
Step 3: Round the amount to the nearest rand. Rounded amount = .
Bongani received .
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Understand the relationship between "Units per ZAR" and "ZAR per unit". "Units per ZAR" means how many units of a foreign currency you get for 1 South African Rand (ZAR).
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.