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    Hi, I've racked my brain on this q for a while now and still can't get an answer. I've calc'd the 2009 export value as $330m.

    The ex. rate for EUR: EGP is given as 1:8.3442, and EUR: USD is 1:1.397

    I've equated 1.397 USD to 8.3442 EGP, calc'd that $1 = 8.3442/1.397 EGP

    Tried multiplying 8.3442/1.397 by 330m to get a value of $330m in EGP but I'm not getting the correct answer.

    Any idea where I'm going wrong?

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    (Original post by Mr Inquisitive)
    Hi, I've racked my brain on this q for a while now and still can't get an answer. I've calc'd the 2009 export value as $330m.

    The ex. rate for EUR: EGP is given as 1:8.3442, and EUR: USD is 1:1.397

    I've equated 1.397 USD to 8.3442 EGP, calc'd that $1 = 8.3442/1.397 EGP

    Tried multiplying 8.3442/1.397 by 330m to get a value of $330m in EGP but I'm not getting the correct answer.

    Any idea where I'm going wrong?

    Name:  Screen Shot 2015-01-24 at 12.56.25.png
Views: 159
Size:  194.6 KB
    Where did the 330 come from
    Why isn't it just 120
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    (Original post by TenOfThem)
    Where did the 330 come from
    Why isn't it just 120
    It's 450-120 as far as I'm aware, as you're required to calc the amount relative to 2004
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    (Original post by Mr Inquisitive)
    It's 450-120 as far as I'm aware, as you're required to calc the amount relative to 2004
    Of course, I didn't read properly
    but it is not that simple .... You need to calculate year on year ... So you have 380


    Also
    Do not divide by 1.397, multiply by 0.7155
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    (Original post by TenOfThem)
    Of course, I didn't read properly
    but it is not that simple .... You need to calculate year on year ... So you have 380


    Also
    Do not divide by 1.397, multiply by 0.7155
    Thanks!
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