Muizenberg High School – Progredior since 1898
Grade 11 Tourism:Summarize notes on Foreign Exchange in your textbook and answer the following questions:Lesson 1Give the definition for each concept and give example for each.Exchange rateLocal currencyForeign currencyInformal fluctuations (8)WORKSHEET 2: CONCEPTSLesson 1“Informal fluctuations are unpredictable and have long lasting effects on the economy of the country”.Based on the statement above, in a paragraph discuss the impact of the current situation in South Africa right now on the exchange rate. (10)WORKSHEEET 3: Major currencies of the worldLESSON 2This week for this activity you need to watch the current news and focus on the economy section for the exchanged rates for 5 major world countries. In a table form, fill in the following information:5 major currencies of the worldTheir countriesSymbolsCodesExchange rate ( from the current news you observed) (20WORKSHEET 4: Facilities where currency can be exchangedLESSON3Discuss advantages of how facilities for exchanging currency can be of advantage to inbound international tourists. (10)WORKSHEET 5: MULTIPLIER EFFECTLESSON 4Make use of the Multiplier effect diagram to discuss how inbound international tourist benefit local people. (20) ................
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