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Via Afrika Publishers 9. Is the general appearance and upkeep of an attraction important
(2)
10. What are the five main areas in attraction management that impact on the success of an attraction
(10)
Topic 2 Foreign Exchange Overview When tourists travel to another country they have to exchange their own currency for that of the country they are visiting in order to buy things such as food, gifts or pay for accommodation. The rate at which one currency can be exchanged for another affects not only the decisions made by tourists to visit a particular country but also the amount of foreign currency earned by a country. In this topic you will learn about
• The term GDP and
its benefits to the economy • The multiplier effect and its link to the GDP
• The concepts of a weak and strong rand
• The relative strength and relative
weakness of a currency • How to interpret a currency rate sheet
• How to convert major currencies
• The difference between bank selling rate (BSR) and bank buying rate (BBR)
• The effect of exchange rates
on international tourism • Fluctuations in exchange rates.
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