Discussion of Forex Trading and Currency Trading

maths currency conversion question?

a watch in england costs £60
the same watch in france costs €100
the exchange rate is £1 = €1.65

in which country is the watch cheaper and by how much?

thankyou :)

Most Commented Posts

 

 

2 Responses to “maths currency conversion question?”

  1. saiello2061 Says:
    March 2nd, 2010 at 11:20 am

    In France watch costs 99 Euros.

  2. since £1 = €1.65
    60 £ = 99 €

    1€ = £1/1.65 = £0.606
    so €100 = £60.60

    Thus the watch it is cheaper in in England by £0.60 (or more expensive in France by €1).

Leave a Reply