An article priced at \( £ 15 \) in London cost R 183 in 2012 . How much would it have costed in rond to buy an item that was priced at \( £ 37 \), using the same exchange rate?

Back in 2012, the exchange rate between British Pounds and South African Rands was approximately \( 1 \, £ = 12.2 \, R \) (derived from \( R 183 / £ 15 \)). So, if we want to find out how much an item priced at \( £ 37 \) would cost in Rands, we multiply: \( £ 37 \times 12.2 \, R/£ = R 451.40 \). So, that \( £ 37 \) item would have cost around R 451.40 in 2012! Exchanging currency can sometimes feel like a puzzle, but taking time to understand the rates and factoring in changes over time can save you from overspending. Always check current rates because they fluctuate, and be aware of fees from banks or exchanges that might kick in! For historical pricing, comparing rates gives you insights about inflation and market changes.