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# Multiple choice question - help needed watch

1. 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?

2. (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?

Where did the 330 come from
Why isn't it just 120
3. (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
4. (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
5. (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!
6. Can't message you, it says your inbox is full!

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