Euro (€) British Sterling (2)
EUR
GBP
21.2816
23.5557
20.2811
22,4342
20.1915
22.3136
TABLE 2: Commissions needed to be paid to the FNB Bureau de Change
Transaction Type
Commun, cation Fee
Notes
Cheques
Electronic Transfer
Percentage charged on
Rand value
2.300
1,70%
0.4596
R50
Write down the bank selling exchange rate of Rand to Euro
1.1.2
Calculate the commission to be paid to the Bureau de Change if a cheque of
R700 000) is exchanged
1.1.3
Mr Williams stated that he will receive less than £29 000 from a exchanged cheque
of R700 000
Verify with calculations if the statement is correct.
2
Mr Williams and his fiancé are about to get married, they​