2.2 The above solar panel kit has to be imported into South Africa as it is sold by an American company, Solar Direct. TABLE 2 below depicts exchange rates of other country's currencies relative to the South Africa Rand. TABLE 2: Exchange rates, 11 May 2023 1 ZAR = 0, 053 USD (S) 1 ZAR = 0, 048 Euro (€) 1 ZAR = 0, 042 Pound (£) 1 ZAR = 7, 12 Yen (¥) (adapted from tradeandeconomics.com) 2.2.1 Identify the currency that is weaker than the rand. 2.2.2 Calculate the value of $1 relative to the rand. 2.2.3 Aphiwe Ndaba, a business own from the Umkhumbane area stated that it is cheaper to buy the solar panel kit from an English company at £955 than the above quoted price by Solar direct. Verify, with calculations if his claim is correct. (2) (2)
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