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Exchange Rates - Coggle Diagram
Exchange Rates
Strong £ against EUR
Example: £1 = 1.40 EUR
Imports CHEAPER
Exports more EXPENSIVE
Weak £ against EUR
Example: £1 = !.14 EUR
Imports more EXPENSIVE
Exports CHEAPER
Best time to export to EUROZONE
Optimal buy from US and sell to EUR
Strong £ against USD
Example: £1 = $1.80
Exports more EXPENSIVE
Imports CHEAPER
Best time to Buy from US
Weak £ against USD
Example: £1 = $1.38
Imports more EXPENSIVE
Exports CHEAPER