Edexcel · 4EC1

Exchange rates

38questions
88marks
12series
2019–2025years

Exchange rates comes up in 38 questions across the Edexcel International GCSE past papers (4EC1), worth 88 marks between them. They run from 2019 to 2025 and appear on iGCSE Paper 2, iGCSE Paper 2R.

Tariffs run from 1 to 9 marks. The commonest instructions are Identify (MCQ) (12), Draw/Diagram (8), Calculate (6). Specification points covered: 2.2.3.

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June 2025 3 questions

3 marksiGCSE · Paper 2

Q2(f) Diagram question: show what currency speculators do to the sterling-dollar equilibrium exchange rate.

2.2.3Exchange ratesDraw/DiagramShort answer
2 marksiGCSE · Paper 2R

Q1(e) Convert a GBP750 smartphone into euros at GBP1 = EUR1.18.

2.2.3Exchange ratesCalculateShort answer
1 markiGCSE · Paper 2R

Q2(b) Multiple choice on what a depreciation does to exports and imports.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice

Nov 2024 2 questions

1 markiGCSE · Paper 2

Q2(a) Multiple choice naming a rise in a floating exchange rate.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
3 marksiGCSE · Paper 2

Q2(f) Diagram question: show what falling US imports do to the sterling-dollar equilibrium exchange rate.

2.2.3Exchange ratesDraw/DiagramShort answer

June 2024 3 questions

1 markiGCSE · Paper 2

Q3(b) Multiple choice converting GBP150 into US dollars at the rate given.

2.2.3Exchange ratesCalculate (MCQ)Multiple choice
3 marksiGCSE · Paper 2R

Q2(f) Diagram question: show what a UK interest rate rise does to the sterling-euro equilibrium exchange rate.

2.2.3Exchange ratesDraw/DiagramShort answer
2 marksiGCSE · Paper 2R

Q4(a) Convert a Costa Rican national park entry fee into pounds to 2 d.p.

2.2.3Exchange ratesCalculateShort answer

Nov 2023 3 questions

1 markiGCSE · Paper 2

Q2(a) Multiple choice on why a government would devalue its currency.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
3 marksiGCSE · Paper 2

Q2(f) Diagram question: show what rising UK exports to the US do to the equilibrium exchange rate of sterling.

2.2.3Exchange ratesDraw/DiagramShort answer
1 markiGCSE · Paper 2

Q3(a) Multiple choice converting $50 into pounds at $1 = GBP0.75.

2.2.3Exchange ratesCalculate (MCQ)Multiple choice

June 2023 4 questions

3 marksiGCSE · Paper 2

Q1(f) Diagram question: show what falling UK exports to the US do to the equilibrium exchange rate.

2.2.3Exchange ratesDraw/DiagramShort answer
2 marksiGCSE · Paper 2R

Q1(d) Set out what higher interest rates do to demand for a currency.

2.2.3Exchange ratesDescribeShort answer
1 markiGCSE · Paper 2R

Q2(b) Multiple choice on what a move from GBP1=EUR1.20 to EUR1.10 means.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
2 marksiGCSE · Paper 2R

Q2(d) Give the meaning of devaluation.

2.2.3Exchange ratesDefineShort answer

Jan 2023 3 questions

9 marksiGCSE · Paper 2

Q2(g) Data response: what a weaker dollar does to demand for US exports to Australia.

2.2.3Exchange ratesAssessData response essay
2 marksiGCSE · Paper 2R

Q1(e) Convert a GBP15 000 car into euros at GBP1 = EUR1.10.

2.2.3Exchange ratesCalculateShort answer
1 markiGCSE · Paper 2R

Q3(b) Multiple choice on what a move from GBP1=$1.40 to $1.30 means.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice

June 2022 3 questions

3 marksiGCSE · Paper 2

Q2(f) Diagram question: show what rising UK exports to the US do to sterling.

2.2.3Exchange ratesDraw/DiagramShort answer
1 markiGCSE · Paper 2R

Q1(b) Multiple choice naming a government-driven fall in the exchange rate.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
3 marksiGCSE · Paper 2R

Q1(g) Give the likely effect of a UK interest rate cut on sterling.

2.2.3Exchange ratesExplainShort answer

Nov 2021 3 questions

2 marksiGCSE · Paper 2

Q1(e) Convert a football transfer fee into euros at the rate given.

2.2.3Exchange ratesCalculateShort answer
1 markiGCSE · Paper 2

Q2(a) Multiple choice on the likely effect of a depreciation.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
1 markiGCSE · Paper 2

Q3(b) Multiple choice completing how a government resists an appreciation.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice

June 2021 1 question

1 markiGCSE · Paper 2

Q2(a) Multiple choice on the likely effect of an appreciation.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice

Nov 2020 2 questions

2 marksiGCSE · Paper 2

Q2(d) Give the meaning of an exchange rate.

2.2.3Exchange ratesDefineShort answer
1 markiGCSE · Paper 2R

Q2(a) Multiple choice completing the likely effect of a depreciation.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice

Jan 2020 7 questions

1 markiGCSE · Paper 2

Q3(b) Multiple choice naming a rise in a floating exchange rate.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
6 marksiGCSE · Paper 2

Q3(d) Data response: what higher interest rates do to South Africa's currency.

2.2.3Exchange ratesAnalyseData response essay
2 marksiGCSE · Paper 2R

Q1(e) Convert $150 000 of machinery into rupees at $1 = 70.66 INR.

2.2.3Exchange ratesCalculateShort answer
3 marksiGCSE · Paper 2R

Q1(f) Diagram question: show what falling UK exports to the eurozone do to sterling.

2.2.3Exchange ratesDraw/DiagramShort answer
2 marksiGCSE · Paper 2R

Q2(d) Give the meaning of revaluation.

2.2.3Exchange ratesDefineShort answer
1 markiGCSE · Paper 2R

Q3(b) Multiple choice naming a fall in a floating exchange rate.

2.2.3Exchange ratesIdentify (MCQ)Multiple choice
6 marksiGCSE · Paper 2R

Q3(d) Data response: what speculators do to the supply of and demand for a currency.

2.2.3Exchange ratesAnalyseData response essay

June 2019 4 questions

2 marksiGCSE · Paper 2

Q1(e) Convert a t-shirt price into sterling to 2 d.p. at the rate given.

2.2.3Exchange ratesCalculateShort answer
3 marksiGCSE · Paper 2

Q2(e) Give one benefit of a depreciating currency to an economy such as the Philippines.

2.2.3Exchange ratesExplainShort answer
3 marksiGCSE · Paper 2R

Q1(f) Diagram question: show what rising UK exports to the eurozone do to sterling.

2.2.3Exchange ratesDraw/DiagramShort answer
3 marksiGCSE · Paper 2R

Q2(e) Name one downside for Thailand's economy when its currency appreciates.

2.2.3Exchange ratesExplainShort answer

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