Exchange rates
The Traveling M&M’s
Exchange Rates
Ready for our trip!
We are first going
to France.
Let’s change our
NZD into Euros €.
Converting currencies
1NZD is worth 0.6 Euro
2NZD is worth 1.2 Euro
3NZD is worth 1.8 Euro
4NZD is worth 2.4 Euro
It’s not always going to be that easy!
http://www.xe.com/currency/nzd-new-zealand-dollar
(More exchange rates)
Copy into
your notes
Converting currency
x by exchange rate
÷ by exchange rate
Using 1NZD = 45.7 INR
1) Exchange 130 NZD into INR
2) Convert 5300 INR into NZD
130 x 45.7 = 5941 INR
5300 ÷ 45.7 = 115.97 NZD
Exchange rates:
http://www.likeforex.com/currency-converter/index2.php?gclid=CLSW7MedwbUCFQxepQodpGwAUQ
Using the table below to answer the following questions
1 New Zealand Dollar (NZD) is worth
0.63 EUR (Euro)
0.84 USD (United States Dollar)
0.54 GBP (Great British Pound)
79.02 JPY (Japanese Yen)
1) What do the abbreviations stand
for in each yellow box?
2) Bob converts 225NZD to USD. How
many USD will he receive?
45.77 INR (Indian Rupee)
225 x 0.84 = 189 USD
25.41 RUB (Russian Ruble)
3) Bob converts 190NZD to JPY. How
many JPY will he receive?
1.49 TRY (Turkish Lira)
4.69 NOK (Norwegian Krone)
190 x 79.02 = 15013.8 JPY
4) Bob buys a book for 7 TRY, How much is this in NZD?
7 ÷ 1.49 = 4.70 NZD
5) Bob buys a ticket for 57 NOK, How much is this in NZD?
57 ÷ 4.69 = 12.15 NZD
Now we are ready to buy our M&M’s
in different countries
1) In Japan (1NZD = 67.9 JPY), how much would
you expect a $1.53 packet of M & M’s cost?
1.53 x 67.9 = 103.89 yen
2) In England (1NZD = 0.51 GBP), how much
would you expect a $1.53 packet of M & M’s
cost?
1.53 x 0.51 = 0.78 pounds
Are travelers ready to buy M&M’s in
New Zealand?
1) In China (1NZD = 5.1 CNY), how much would
they expect a 8.67 CNY packet of M & M’s cost?
8.67 ÷ 5.1 = 1.70 NZD
2) In America (1NZD = 0.82 USD), how much
would they expect a 1.46 USD packet of M &
M’s cost?
1.46 ÷ 0.82 = 1.78 NZD
Your Turn: Using the table below, convert the
following currencies either out of NZD or to NZD
Exchange rates
1 NZD =
1)
2)
3)
4)
5)
6)
7)
8)
AUD
USD
GBP
JPY
CNY
INR
0.78
0.82
0.51
67.9
5.1
45.7
156 NZD = 10592 JPY
470 NZD = 2397 CNY
54 GBP = 105.88 NZD
14.11 NZD
645 INR =
96.78 NZD =
75.49 AUD
67.78 USD =
82.66 NZD
4.97 GBP =
9.75 NZD
0.67 NZD =
0.52 AUD
Find the cost in NZD of the following souvenirs that Bob purchased on his OE
An Eiffel Tower Key
ring at 1.5 EUR
(1 NZD = 0.63 EUR)
A set of Russian Dolls at
1600 RUB
(1 NZD = 25.41 RUB)
A Statue of Liberty at 21 USD
(1 NZD = 0.84 USD)
2.38 NZD
62.97 NZD
25 NZD
Find the cost in NZD of the following souvenirs that Bob purchased on his OE
A Japanese drum at
569 JPY
(1 NZD = 79.02 JPY)
7.20 NZD
A jumper from
Norway at 180 NOK
(1 NZD = 4.69 NOK)
A Teddy from
England at 8.50 GBP
(1 NZD = 0.54 GBP)
38.38 NZD
15.74 NZD
Millionaire!!
In the film Slumdog Millionaire, if the 1 million rupees
were converted to NZD, how many dollars would he have?
1 NZD = 45.7 INR
1,000,000 ÷ 45.7 = 21,881.84 NZD
$795.06
$61559.51, 15% = $52500, YES
$586.57
(for four)
(Assume 2 adults and 2 children)
1246.5 X 60.37 = 75251.21 JPY
$80.06
Answers