Calculate the exchange rate between Australian dollars and UK pounds (GBP)if A$1 = US$0.753 and US$1 = GBP 0.629?

Question

Quizplus · Accepted Answer

First, we need to convert A$1 to GBP using the given exchange rate between AUD and USD:

A$1 = US$0.753

Next, we need to convert USD to GBP using the given exchange rate between USD and GBP:

US$1 = GBP 0.629

Multiplying these two conversion factors gives us:

A$1 = US$0.753 x GBP 0.629 = GBP 0.473

Therefore, 1 AUD is equivalent to 0.473 GBP.

To find the exchange rate between AUD and GBP, we need to invert this rate:

1 GBP = 1 / 0.473 AUD

1 GBP = AUD 2.11

Therefore, the exchange rate between AUD and GBP is GBP 1 = AUD 2.11.

Calculate the Exchange Rate Between Australian Dollars and UK Pounds