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Economics · Oct / Nov 2017 · Paper 12 · Question 30

2281Foreign exchange rates

The table shows the number of units of foreign currency that the UK pound (UK£) could buy in August 2012 and August 2013. What can be concluded from the table about the change in currency values between 2012 and 2013?

  1. AThe Argentine peso appreciated against the UK pound.
  2. BThe Argentine peso depreciated against the euro.
  3. CThe euro depreciated against the UK pound.
  4. DThe South African rand appreciated against the euro.

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Correct answer: B. The Argentine peso depreciated against the euro.

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