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6.3.1 Definition of foreign exchange rate

Topic 6.3.1 - Definition of foreign exchange rate This section of the Cambridge IGCSE Economics (0455) syllabus requires students to be able to define foreign exchange rates. Note that fixed exchange rates (legacy Units 6.3.1 and 6.3.5) have been removed from the syllabus. However, also note that government intervention in currency markets is still covered in Topic 6.3.2 (Reasons for buying and selling foreign...

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