Entrepreneurship (AS)·Legal requirements · NSSCAS 2.4c
Foreign exchange & trading in different currencies
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Why does a machine from China cost more this month than last month, even though the supplier never changed the price? In this lesson Miss Maria takes you through foreign exchange step by step — what it is, why the Namibia Dollar's peg to the rand makes us special, and exactly what happens to an exporter and an importer when the rate moves. Every conversion is worked line by line.
What you'll learn in this lesson
By the end you should be able to (NSSCAS Entrepreneurship (AS) 2.4c):
- define foreign exchange
- explain the effect of dealing in different currencies on an enterprise (exports and imports)
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Miss Maria and Mike talk through the whole topic — with the figure and working drawn live.