IB Economics HL · 2022 to 2025

4.5 Exchange rates

43 past paper questions from 19 papers across 8 exam sessions. See what repeats, then practise the same skills with AI marking.

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HL archive · 2022 to 2026

4.5 Exchange rates

Latest exam session: May 2026

questions
43
questions
papers
19
papers
exam sessions
8
exam sessions
micro-topics
3

Micro-topics in 4.5 Exchange rates

In syllabus order. The ring is the share of papers each appears in.

  • 47

    4.5.1

    Floating exchange rates

    23 questions · in 47% of papersAppears in 15 of the 32 Economics HL papers analysed (47%), at least once each.

    Frequently tested

    last May 26 P2 TZA

  • 25

    4.5.2

    Fixed and managed exchange rates

    10 questions · in 25% of papersAppears in 8 of the 32 Economics HL papers analysed (25%), at least once each.

    Frequently tested

    last May 26 P2 TZA

  • 28

    4.5.3

    Consequences of exchange rate changes

    10 questions · in 28% of papersAppears in 9 of the 32 Economics HL papers analysed (28%), at least once each.

    Frequently tested

    last May 26 P2 TZA

Exam pattern

How often each micro-topic has been examined, year by year. Each label is explained under the grid.

Does it repeat?

Questions per year for each micro-topic.

fewermore

Micro-topic20222023202420252026
4.5.2Fixed and managed exchange ratesFrequently tested
1Fixed and managed exchange rates, 2022: 1 question3Fixed and managed exchange rates, 2023: 3 questions1Fixed and managed exchange rates, 2024: 1 question4Fixed and managed exchange rates, 2025: 4 questions1Fixed and managed exchange rates, 2026: 1 question
4.5.1Floating exchange ratesFrequently tested
3Floating exchange rates, 2022: 3 questions5Floating exchange rates, 2023: 5 questions8Floating exchange rates, 2024: 8 questions5Floating exchange rates, 2025: 5 questions2Floating exchange rates, 2026: 2 questions
4.5.3Consequences of exchange rate changesFrequently tested
·Consequences of exchange rate changes, 2022: 0 questions2Consequences of exchange rate changes, 2023: 2 questions5Consequences of exchange rate changes, 2024: 5 questions2Consequences of exchange rate changes, 2025: 2 questions1Consequences of exchange rate changes, 2026: 1 question
  • Frequently testedin at least a quarter of all papers, and still appearing in the last two years

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Questions on 4.5 Exchange rates, by exam session

Which papers asked about 4.5 Exchange rates, and which question numbers. Open a paper to see them highlighted.

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Frequently asked questions

Short answers about this page.

Which Economics HL exam sessions are covered for 4.5 Exchange rates?

8 exam sessions from 2022 to 2026, the latest May 2026. Every Paper 1, 2 and 3 in every timezone is read and classified in full, which gives 19 papers in this archive.

Which 4.5 Exchange rates topic comes up most?

Fixed and managed exchange rates (4.5.2): in 25% of papers, last seen May 26 P2 TZA. Usually "explain / justify", worth about 7 marks in a paper that includes it.

Can I see the original question and mark scheme?

No. The wording belongs to the IB. You get the citation, the marks, the command term and the skill tested, plus our own matched practice questions with worked answers and AI marking.

What do "banker", "due" and "rising" mean?

Banker: examined in at least one sitting in four and still appearing. Due: regular before, but absent for the last two exam sessions. Rising: clearly more common in the last two years. Our classification of real papers, not an IB statistic.

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Reading this page and the exam pattern is free. A free account generates three sets of ten questions and launches one practice set. Pro opens every question in any scope, sets of twenty or all, and unlimited practice.

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