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An exchange rate is the value of one country's currency in relation to another country's currency. It tells you how much one currency is worth when converted to another.
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A currency is a system of money (notes and coins) in general use in a particular country.
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A strong currency means that the currency has high values.
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A weak currency means that the currency has low values.
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Calculate the following exchange rates:
a)
Step 1: Identify the given exchange rate and the amount to convert.
Given: £1=R15.10
Amount in Rands: R35000
Step 2: Divide the amount in Rands by the exchange rate to find the equivalent amount in Pounds.
Pounds=R15.10/£R35000
Pounds=2317.880794695...
Pounds≈2317.88
The number of pounds in R35000 is ∗£2317.88∗
c)
Step 1: Identify the given exchange rate and the amount to convert.
Given: \ 1 = R12.00AmountinRands:\text{R}26,500$
Step 2: Divide the amount in Rands by the exchange rate to find the equivalent amount in Dollars.
Dollars=R12.00/$R26500
Dollars=2208.33333...
Dollars≈2208.33
The number of dollars in R26500 is \boxed{*\ 2208.33*}$
b)
Step 1: Identify the cost of the camera in Pounds and the exchange rate.
Camera cost: £234
Exchange rate: £1=R15.90
Step 2: Multiply the cost in Pounds by the exchange rate to find the equivalent cost in Rands.
CostinRands=£234×R15.90/£
CostinRands=R3714.60
The camera would cost ∗R3714.60∗ in Rands.
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