Finance · Guided Practice
Foreign Exchange
11 questions with answers and video solutions. Try each one before revealing the answer.
Convert into euros.
Answer
Convert euros into pounds.
Answer
Convert into Danish krone.
Answer
US dollars
euros
Convert US dollars into euros.
Answer
The exchange rate is krona.
He spends krona.
He changes the rest back into pounds at the same rate.
Calculate how many pounds he receives.
Answer
A camera costs euros.
Calculate the cost of the camera in pounds.
Answer
Gavin is going to South America to do charity work.
He changes £750 into Bolivian boliviano.
| Currency exchange | |
|---|---|
| Pounds sterling (£) | Other currencies |
| 1 | 20 Argentine peso |
| 1 | 9 Bolivian boliviano |
| 1 | 4 Brazilian real |
(a) How many Bolivian boliviano will he receive?
He spends 2700 Bolivian boliviano.
He changes the remaining Bolivian boliviano into Argentine peso.
(b) How many Argentine peso will he receive?
Answer
(a) 6750 Bolivian boliviano
(b) 9000 Argentine peso
Ben went to Canada and then to the United States of America. The exchange rates were
| Currency exchange | |
|---|---|
| Pounds sterling | Other currencies |
| 1 | 1.75 Canadian dollars |
| 1 | 1.31 US dollars |
Ben changed £900 into Canadian dollars. He spent 945 Canadian dollars during his stay in Canada. He changed his remaining Canadian dollars into US dollars.
Calculate how many US dollars he received.
Answer
471.60 US dollars
Lorna is travelling around Europe.
| Rates of exchange | |
|---|---|
| Pounds sterling (£) | Other currencies |
| 1 | 1.15 euros |
| 1 | 4.94 Polish zlotys |
- Lorna converted £640 into Polish zlotys.
- She was in Poland for 4 days.
- She spent 340 Polish zlotys each day she was in Poland.
- She converted her remaining Polish zlotys into euros.
(a) Calculate how many euros she received.
Answer
€419.40 (or 419.41)
Emma is planning a holiday to Spain.
Her sister, who lives in the USA, sent her $100 for her birthday.
Emma exchanged it for euros to use as spending money.
Exchange Rates:
£1 = 1.11 euros
£1 = $1.30
(a) Calculate how many euros Emma received.
Answer
Dollars to pounds =
Pounds to euros = euros
James spent time in New York then travelled to Toronto, Canada.
| Rate of exchange | |
|---|---|
| Pounds sterling (£) | US dollars |
| 1 | 1.28 |
James changed £1500 into US dollars.
He spent an average of 130 US dollars each day for 7 days.
He changed his remaining US dollars into Canadian dollars.
He received 1363.50 Canadian dollars.
(b) Calculate the rate of exchange for US dollars into Canadian dollars.
| Rate of exchange | |
|---|---|
| US dollars | Canadian dollars |
| 1 | ? |
Answer
1.35