My Year 11 GCSE students have had a quick introduction to exchange rates in today's lesson. Tomorrow we will be considering the importance of exchange rates to business. A great illustration of the problems created by changes in exchange rates is to be found in today's news, with British Airways experiencing rising costs due to the fall in the value of sterling on foreign exchange markets.
Click
here to read the short BBC article about the impact of the exchange rate on BA's costs.
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