IB Economics HL · 2022 to 2025
4.5 Exchange rates
66 past paper questions from 25 papers across 10 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
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Micro-topics in 4.5 Exchange rates
In syllabus order. The ring is the share of papers each appears in.
- Frequently tested
last May 26 P2 TZ2
- Frequently tested
last May 26 P2 TZ3
- Frequently tested
last May 26 P2 TZ3
- Rising
last May 26 P2 TZ3
- Less common
last May 25 P1 TZ1
- Less common
last May 25 P1 TZ3
Exam pattern
How often each micro-topic has been examined, year by year. Each label is explained under the grid.
Does it repeat?
Top 4 of 6 micro-topics for the next sitting. Numbers are questions per year.
fewermore
| Micro-topic | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| 4What changes an exchange rate, 2022: 4 questions | 2What changes an exchange rate, 2023: 2 questions | 6What changes an exchange rate, 2024: 6 questions | 3What changes an exchange rate, 2025: 3 questions | 4What changes an exchange rate, 2026: 4 questions | |
| 1Consequences of exchange rate changes, 2022: 1 question | 1Consequences of exchange rate changes, 2023: 1 question | 3Consequences of exchange rate changes, 2024: 3 questions | 4Consequences of exchange rate changes, 2025: 4 questions | 4Consequences of exchange rate changes, 2026: 4 questions | |
| 2Fixed and managed exchange rates, 2022: 2 questions | 3Fixed and managed exchange rates, 2023: 3 questions | 1Fixed and managed exchange rates, 2024: 1 question | 5Fixed and managed exchange rates, 2025: 5 questions | 2Fixed and managed exchange rates, 2026: 2 questions | |
| 2Floating exchange rates, 2022: 2 questions | 4Floating exchange rates, 2023: 4 questions | 4Floating exchange rates, 2024: 4 questions | 6Floating exchange rates, 2025: 6 questions | 3Floating exchange rates, 2026: 3 questions |
2 more micro-topics with a free account
- Frequently testedin at least a quarter of all papers, and still appearing in the last two years
- Risingappearing more often in the last two years than before
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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.
May 2026
6 questions across 3 papers
November 2025
5 questions across 3 papers
May 2025
7 questions across 5 papers
November 2024
3 questions across 3 papers
May 2024
4 questions across 3 papers
November 2023
3 questions across 3 papers
May 2023
2 questions across 2 papers
November 2022
2 questions across 1 paper
May 2022
2 questions across 1 paper
Specimen 2022
2 questions across 1 paper
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Frequently asked questions
Short answers about this page.
Which Economics HL exam sessions are covered for 4.5 Exchange rates?
10 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 25 papers in this archive.
Which 4.5 Exchange rates topic comes up most?
What changes an exchange rate (4.5.2): in 36% of papers, last seen May 26 P2 TZ3. Usually "Explain", worth about 5.1 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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