EXCHANGE
RATES
Name: _______________________
Total Marks: ___________
Q.
1
2
3
4
5
6
7
8
9
10
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Max Actual RAG
3
4
4
6
5
2
6
5
5
5
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Q1. Stephen imports cars from the USA. He sells them in the UK. He has just
bought a car in the USA costing $24 000.
The exchange rate is £1 = $1.45
It cost him £900 to import the car to the UK. Stephen needs to make a
profit of 20% on his total costs.
Work out the least amount that Stephen must sell the car for in the UK.
Give your answer in pounds.
(3 marks)
Q2. Tania went to Italy. She changed £325 into euros (€).
The exchange rate was £1 = €1.68
(a)
Change £325 into euros (€).
When she came home she changed €117 into pounds.
The new exchange rate was £1 = €1.50
(b)
Change €117 into pounds.
(4 marks)
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©JustMaths 2013
Q3. Colin goes to Switzerland. He changes £400 into francs.
The exchange rate is £1 = 2.30 francs.
a) How many francs should he get?
In Switzerland, Colin buys a hat. The cost of the hat is 46 francs.
(b) Work out the cost of the hat in pounds.
(4 marks)
Q4. The exchange rate for buying Canadian dollars ($) at an exchange
bureau is $1.64 for £1.
The lowest Canadian dollar notes the exchange bureau has are $50
notes.
Carys only has £700 to exchange into Canadian dollars. How many
Canadian dollars can Carys buy and how much will this cost her?
(6 marks)
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©JustMaths 2013
Q5. In August 2008, Eddie hired a car in Italy. The cost of hiring the car was
£620
The exchange rate was £1 = €1.25
a) Work out the cost of hiring the car in euros (€).
Eddie bought some perfume in Italy. The cost of the perfume in Italy
was €50. The exchange rate was still £1 = €1.25
The cost of the same perfume in London was £42
b) Work out the difference between the cost of the perfume in Italy and
the cost of the perfume in London. Give your answer in pounds (£).
(5 marks)
Q6. Alice buys a necklace costing 56.42 euros.
The exchange rate is ￡1 = 1.24 euros.
How much does the necklace cost in pounds?
(2 marks)
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©JustMaths 2013
Q7. Miriam lives in France. Recently, she visited the UK and bought a watch
for ￡211.50, which included VAT at 17・5%.
When Miriam returned home she claimed back the VAT in euros.
The exchange rate was ￡1 = 1.24 euros.
How many euros did Miriam receive?
(6 marks)
Q8. Before travelling to Germany, Nicky filled the fuel tank of her car with 40
litres of petrol which cost £44.
Nicky also bought some euros for her trip. The exchange rate was £1 =
1.15 euros.
In Germany, she needed to buy another 40 litres of petrol which cost
0.98 euros per litre.
How much less did the 40 litres of petrol cost in Germany? Give your
answer in euros.
(5 marks)
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©JustMaths 2013
Q9.
Europark Campsite
Charges per night
1 person .... 9.20 euros
Pets .... 0.30 euros
Each tent plot .... 0.69 euros
Kim and Terry share one tent and stay for 2 nights at the Europark
Campsite.
They changed pounds into euros for an exchange rate of 1.15 euros to
the pound.
Calculate the cost, in pounds, of their 2 night stay in their tent.
(5 marks)
Q10.Gareth takes a holiday in Norway. The exchange rate is £1 = 8.70
kroner
a) He exchanges £600 into kroner. How many kroner does he receive?
b) He sees a rucksack for sale for 450 kroner. He knows that he can buy a
similar rucksack in Britain for £50.
Is the rucksack cheaper in Britain or in Norway?
(5 marks)
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©JustMaths 2013