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Math in the News: Issue 86 January 10, 2014

Posted by Media4Math in algebra, math, media.
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Math in the News: Issue 86.
In this issue of Math in the News we look at the foreign exchange market and the rise of the Chinese Yuan. The Yuan has become a significant player in the foreign exchange market and we look at currency exchange, and how to convert from one currency to another by solving a proportion. This issue provides an excellent opportunity to introduce the mathematics of money on the international market.