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    hussan's Avatar
    hussan Posts: 4, Reputation: 1
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    #1

    Dec 6, 2012, 12:04 PM
    Foreign exchange question
    Hi,

    Could I please have some help on this? I don't have access to the answers so I can't even work out which is the correct answer. I keep getting 1.12.

    This is what I have done. I worked out the exchange rate for Jan.for AUD which I worked out as 1.779. I did 1.757/100 multiplied by 101.25

    I then worked out the exchange rate for March, which I worked out as 1.797 (rounded up)

    I worked out how many AUD's it would take to buy 200 GBP. Which I worked out as 111.297 in jan and 112.423 in December. The difference of which is 1.12 and is not an option in my answers. I thought it might be because of my rounding, but my answer is way off.
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    hussan's Avatar
    hussan Posts: 4, Reputation: 1
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    #2

    Dec 6, 2012, 12:05 PM
    I mean I worked out the difference between the exchange rate in December and January, just thought I'd clarify
    hussan's Avatar
    hussan Posts: 4, Reputation: 1
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    #3

    Dec 6, 2012, 12:06 PM
    December and March, sorry. I don't know how to edit my post
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