Name: ____________________________
Unit 1 – Numeracy Skills
1.7 - Currency Exchange I
Different countries use different currencies (money). For example, Canada and USA both use the DOLLAR, but the
values of the CAD dollar is different than the value of the US dollar.
An EXCHANGE RATE tells us how much ONE UNIT of one currency is worth in another currency, e.g.:
US $1 is worth CAD $1.1283
CAD $1 is worth US $0.92143
We can use PROPORTIONS to solve Currency Exchange problems.
1. A pair of jeans at the Levi's store at the Tulalip Outlet Stores is on sale for US $30. If you only have Canadian
currency on you, how much Canadian money will you need to buy the jeans?
Method 1:
Method 2:
2. The Sony PS4 is on sale at the Future Shop in Metrotown for CAD $399. Your cousin who is
visiting you from California wants to buy it but she only has US currency. How much US money
will she need to buy the PS4?
3. Lucas needs to convert CAD $500 to US dollars. How many US dollars will Lucas receive?
4. The exchange rate for Indian Rupees is, 1 Rupee = CAD $0.018519. How many Rupees can you get for $200?
Currency
Euro
€
British Pound
£
Danish Kroner
Kr
Chinese Yuan
¥
Hungarian Forint
Ft
Brazilian Real
R$
Polish Zloty
zt
c. ¥ 25 000
Exchange Rate to
CAD $
1.644814
The table of Exchange Rates shows how many CAD $ you will get for
ONE Unit of the Foreign Currency.
Read as: __________________________
1.691761
Read as: __________________________
0.221778
7.493387
0.005553
Convert the following foreign currencies into Canadian dollars:
a. Kr 4000
b. € 2200
0.578356
0.318608
d. £ 300
e. Ft 180.08
Using the same exchange rates table, calculate how much foreign currency you would receive for CAD $200.
a. Reals
b. Zlotys
c. Euros
d. Yuans
Assignment
Use the Exchange Rate Table given in class to answer the following questions.
1. Convert the following foreign currencies to CAD $:
a. 250 Euros
b. 36 Pounds
c. 1230 Kr
d. 2.50 Yuan
e. 75 Forint
f. 32 zt
2. Convert CAD$235.60 to the following foreign currencies:
a. Reals
b. Zlotys
c. Pounds
d. Euros
e. Yuans
f. Kroner