Royal British Construction Royal British Construction (RBC), a British architecture firm, does a lot of design work for clients from the European Union (primarily Germany, France, and Spain), where the Euro (EUR) is used. RBC charges its European clients in EUR and tries to keep its prices in line with what European competitors charge. The company's operations are based entirely in the Britain; its costs (salaries, office rent, etc) are largely in British Pounds (GBP). A few years ago, the exchange rate between the GBP and the Euro (EUR) was approximately 1.45, such that 1.45 EUR = 1 GBP. Now the rate is approximately 1.15, such that 1.15 EUR = 1 GBP. Previous 3 1 point This change in the exchange rate negatively affects profitability. V RBC's -D Next