The £1 as a foreign exchange rate is cheaper than 1 CHF by 35%.
What is a foreign exchange rate?
The foreign exchange rate refers to the unit of conversion of one currency to another.
Data and Calculations:
Exchange rate = £1=1.55 CHF
Ratio of 1.55 CHF to £1 = 1 : 0.65
Cheapness of £1 = 0.35 (1 - 0.65)
Thus, £1 as a foreign exchange rate is cheaper than 1 CHF by 35%.
Learn more about the foreign exchange rates at https://brainly.com/question/6675565
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