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Exchange rates: OCR A‑Level Economics questions

Every OCR A-Level Economics exam question on 4.2 Exchange rates, 2021–2025, with its mark scheme and examiner’s report.

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478 questions

  1. Q1(e)

    June 2025 · Paper 2

    8 marks4.2 Exchange rates
    The whole paper ↗
    June 2025 Paper 2, question 1(e): Using information from the stimulus material, evaluate whether Bolivia should keep a fixed exchange rate. [8]

  2. Q26

    June 2025 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2025 Paper 3, question 26: If a government operates a fixed exchange rate system it might encounter which of these problems? A A conflict of objectives when setting monetary policy B A lo
    Your answer

  3. Q14

    June 2025 · AS Paper 2

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2025 AS Paper 2, question 14: The Sterling exchange rate does not have an influence on: A exports from the UK B imports into the UK C income of consumers overseas D purchasing power of consu
    Your answer

  4. Q18

    June 2025 · AS Paper 2

    20 marks4.2 Exchange rates
    The whole paper ↗
    June 2025 AS Paper 2, question 18: 18* In September 2022, measures introduced in the UK’s mini‑budget threatened to affect confidence in the UK. Evaluate, using an appropriate diagram(s), whether

  5. Q10

    June 2024 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2024 Paper 3, question 10: A UK firm imports oranges from Portugal. 200 kg of oranges costs the firm 300 euros. The exchange rate is £1 Sterling to 1.2 euros. How much does 400 kg of oran
    Your answer

  6. Q16(b)(i)

    June 2024 · AS Paper 2

    3 marks4.2 Exchange rates
    The whole paper ↗
    June 2024 AS Paper 2, question 16(b)(i): Using Fig. 2, explain what happened to the Sterling to euro exchange rate from May 2020 to October 2020. [3]

  7. Q16(c)

    June 2024 · AS Paper 2

    4 marks4.2 Exchange rates
    The whole paper ↗
    June 2024 AS Paper 2, question 16(c): The trade deal with Japan (lines 26–30) may have an impact on the exchange rate between Sterling and the Japanese Yen. Using a diagram, explain the possible imp

  8. Q3

    June 2023 · Paper 2

    25 marks4.2 Exchange rates3.2 Monetary policy
    The whole paper ↗
    June 2023 Paper 2, question 3: 3* Between July 2018 and August 2020, the value of the Turkish lira fell from 4.73 lira to 1 US dollar to 7.32 lira to 1 US dollar. The Turkish central bank spe

  9. Q2

    June 2023 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2023 Paper 3, question 2: A Central Bank is operating a fixed exchange rate. What intervention can it take to prevent the value of the currency falling? A Decreasing the interest rate B
    Your answer

  10. Q11

    June 2023 · AS Paper 2

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2023 AS Paper 2, question 11: The chart shows the Yen to Sterling (£) exchange rate between 2016 and 2019. Yen per £1 190 180 170 160 150 140 130 120 2016 2017 2018 2019 What was the change
    Your answer

  11. Q15

    June 2023 · AS Paper 2

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2023 AS Paper 2, question 15: The diagram shows the exchange rate of Sterling (£) to US dollars ($). £/$ exchange rate S S1 P P1 D Q Q1 Quantity of US$ What may have caused the supply curve
    Your answer

  12. Q8

    June 2022 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2022 Paper 3, question 8: The diagram below shows the value of a country’s currency. What is most likely to have caused the change illustrated here? Exchange S1 rate S2 P1 P2 D1 0 Q1 Q2
    Your answer

  13. Q16

    June 2022 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2022 Paper 3, question 16: An individual going on holiday to Spain exchanges £100 into euros when the exchange rate was 1.26 euros to 1 pound. They spend 82 euros and when they return fro
    Your answer

  14. Q11

    June 2022 · AS Paper 2

    1 mark4.2 Exchange rates
    The whole paper ↗
    June 2022 AS Paper 2, question 11: The exchange rate at the start of 2020 was £1 = $2. By the end of the year, the pound appreciated by 50% against the dollar. If a UK firm sells £10 000 of produ
    Your answer

  15. Q18

    June 2022 · AS Paper 2

    20 marks4.2 Exchange rates
    The whole paper ↗
    June 2022 AS Paper 2, question 18: 18* The Bahamas’ main trading partner is the USA, accounting for around 80% of The Bahamas’ total trade. Tourism accounts for more than one third of The Bahamas

  16. Q21

    November 2021 · Paper 3

    1 mark4.2 Exchange rates
    The whole paper ↗
    November 2021 Paper 3, question 21: What is the most likely impact of an exchange rate appreciation? A Aggregate demand shifts to the right B Contraction along the aggregate demand curve C Long ru
    Your answer
All 16 questions on Exchange rates, as a list
  1. June 2025, Paper 2, Q1(e) (8 marks): Using information from the stimulus material, evaluate whether Bolivia should keep a fixed exchange rate. [8]
  2. June 2025, Paper 3, Q26 (1 mark): If a government operates a fixed exchange rate system it might encounter which of these problems? A A conflict of objectives when setting monetary policy B A lo
  3. June 2025, AS Paper 2, Q14 (1 mark): The Sterling exchange rate does not have an influence on: A exports from the UK B imports into the UK C income of consumers overseas D purchasing power of consu
  4. June 2025, AS Paper 2, Q18 (20 marks): 18* In September 2022, measures introduced in the UK’s mini‑budget threatened to affect confidence in the UK. Evaluate, using an appropriate diagram(s), whether
  5. June 2024, Paper 3, Q10 (1 mark): A UK firm imports oranges from Portugal. 200 kg of oranges costs the firm 300 euros. The exchange rate is £1 Sterling to 1.2 euros. How much does 400 kg of oran
  6. June 2024, AS Paper 2, Q16(b)(i) (3 marks): Using Fig. 2, explain what happened to the Sterling to euro exchange rate from May 2020 to October 2020. [3]
  7. June 2024, AS Paper 2, Q16(c) (4 marks): The trade deal with Japan (lines 26–30) may have an impact on the exchange rate between Sterling and the Japanese Yen. Using a diagram, explain the possible imp
  8. June 2023, Paper 2, Q3 (25 marks): 3* Between July 2018 and August 2020, the value of the Turkish lira fell from 4.73 lira to 1 US dollar to 7.32 lira to 1 US dollar. The Turkish central bank spe
  9. June 2023, Paper 3, Q2 (1 mark): A Central Bank is operating a fixed exchange rate. What intervention can it take to prevent the value of the currency falling? A Decreasing the interest rate B
  10. June 2023, AS Paper 2, Q11 (1 mark): The chart shows the Yen to Sterling (£) exchange rate between 2016 and 2019. Yen per £1 190 180 170 160 150 140 130 120 2016 2017 2018 2019 What was the change
  11. June 2023, AS Paper 2, Q15 (1 mark): The diagram shows the exchange rate of Sterling (£) to US dollars ($). £/$ exchange rate S S1 P P1 D Q Q1 Quantity of US$ What may have caused the supply curve
  12. June 2022, Paper 3, Q8 (1 mark): The diagram below shows the value of a country’s currency. What is most likely to have caused the change illustrated here? Exchange S1 rate S2 P1 P2 D1 0 Q1 Q2
  13. June 2022, Paper 3, Q16 (1 mark): An individual going on holiday to Spain exchanges £100 into euros when the exchange rate was 1.26 euros to 1 pound. They spend 82 euros and when they return fro
  14. June 2022, AS Paper 2, Q11 (1 mark): The exchange rate at the start of 2020 was £1 = $2. By the end of the year, the pound appreciated by 50% against the dollar. If a UK firm sells £10 000 of produ
  15. June 2022, AS Paper 2, Q18 (20 marks): 18* The Bahamas’ main trading partner is the USA, accounting for around 80% of The Bahamas’ total trade. Tourism accounts for more than one third of The Bahamas
  16. November 2021, Paper 3, Q21 (1 mark): What is the most likely impact of an exchange rate appreciation? A Aggregate demand shifts to the right B Contraction along the aggregate demand curve C Long ru

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