foreign exchange

encompasses the national currency of the country

• foreign currency

• local currency

• national currency

• foreign exchange

when people exchange their money for another currency

• foreign currency

• exchange rate

• foreign exchange

• money exchange

exchange rate is...

• the price of one currency expressed to another

• the change in the value of one currency

• the price at which an exchange bureau will buy traveller's cheque's and notes, and cell currencies

America's currency

• USAD

• USD

• EUR

• AUD

which currency symbol is $

• dollar

• British pound

• yen

• Euro

ISO code of South African Rands

• ZAR

• SAR

• RSA

• USA

Which one is NOT the symbol of a currency?

• _$

• £

• ¥

• Ý

direct exchange rate is how much one unit of foreign currency will give you in Rands.

• true

• false

example of direct exchange rate

• R1= £0,077*

• £1= R13*

example of indirect exchange rate

• R1= £0,077*

• £1= R13