MAJOR CURRENCIES TAKE A FALL
Europe, including the United Kingdom, has had a decline in the value of their currencies. Some economists have blamed it on Brexit* while others have blamed it on the influx of refugees into Europe. The drop in the value of the major currencies can impact negatively and positively on South Africans travelling to these countries.
- Name the TWO foreign currencies referred to in the extract above.
- Discuss, in a paragraph, THREE ways in which a drop in the exchange rate of the currencies mentioned in QUESTION 1 will have a positive impact on South Africans visiting Europe.