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Currency Conversion

Test your ability to convert from one currency to another with this self marking quiz.

Level 1 Level 2 Level 3 Description Help More Finance

This is level 2; Multi-step currency conversion problems. You can earn a trophy if you get at least 7 questions correct.

Money Exchange

The table to the right is the conversion rates at an airport in London. It lists the value of one British pound whether it is being converted into a different currency (buy) or whether a foreign currency is being converted to pounds (sell).

Give your answers to two decimal places.

Exchange Rates For £1

 BuySell
FlagUSD1.351.39
FlagAUD1.71.75
FlagNZD1.861.91
FlagCAD1.671.72
FlagTHB44.6145.95
FlagEUR1.131.16

Have you ever wondered how the owners of currency exchange offices make a living? Try converting £500 to US dollars using the 'Buy' rate. Now convert that amount of dollars back to pounds using the 'Sell' rate. How many pounds did you lose in this transaction?
Correct Wrong

Miquel is going on holiday to Perth in Australia. He has calculated that he will need AU$1610 for the holiday. How many pounds will he need to convert to Australian dollars? Give your answer in pounds rounded to the nearest penny.
Correct Wrong

Colin remembers a time when you could get 72 Thai baht for a pound. How many fewer baht does he get by exchanging £113 for baht at the exchange rate shown above than he would have done when the exchange rate was 72?
Correct Wrong

Dame Edna is sending money to the UK for a new designer handbag. She converts AU$1410 to pounds but finds that she is £89.55 short of the cost of the bag. How many more Australian dollars will she have to send?
Correct Wrong

John and Edward return from a tour of North America. John has US$77 in his wallet and Edward has $55 in his. When they convert their money to pounds how many more pounds does John get?
Correct Wrong

A bottle of wine costs £6.95 in the UK and 8.15 Swiss Francs in Lausanne, Switzerland. How much cheaper is the wine in Switzerland? Give your answer in pounds to the nearest penny and use an exchange rate of £1 = CHF1.51.
Correct Wrong

A smartphone costs £770 in the UK and 77078 Indian Rupees in Chennai. How much more expensive is the phone in India? Give your answer in pounds to the nearest penny and use an exchange rate of £1 = 95 rupees.
Correct Wrong

In British pounds, what is the (positive) difference between one hundred Australian dollars and one hundred American dollars? Use the respective 'Sell' rates in your calculation.
Correct Wrong

In British pounds, what is the (positive) difference between two hundred Canadian dollars and two hundred New Zealand dollars? Use the respective 'Sell' rates in your calculation.
Correct Wrong

Emma wants to change US$109 into Thai baht by first converting the amount into pounds and then converting the pounds into baht. How many baht can she expect to receive?
Correct Wrong
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This is Currency Conversion level 2. You can also try:
Level 1 Level 3

Instructions

Try your best to answer the questions above. Type your answers into the boxes provided leaving no spaces. As you work through the exercise regularly click the "check" button. If you have any wrong answers, do your best to do corrections but if there is anything you don't understand, please ask your teacher for help.

When you have got all of the questions correct you may want to print out this page and paste it into your exercise book. If you keep your work in an ePortfolio you could take a screen shot of your answers and paste that into your Maths file.

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This web site contains over a thousand free mathematical activities for teachers and pupils. Click here to go to the main page which links to all of the resources available.

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Comment recorded on the 2 April 'Starter of the Day' page by Mrs Wilshaw, Dunsten Collage,Essex:

"This website was brilliant. My class and I really enjoy doing the activites."

Comment recorded on the 19 October 'Starter of the Day' page by E Pollard, Huddersfield:

"I used this with my bottom set in year 9. To engage them I used their name and favorite football team (or pop group) instead of the school name. For homework, I asked each student to find a definition for the key words they had been given (once they had fun trying to guess the answer) and they presented their findings to the rest of the class the following day. They felt really special because the key words came from their own personal information."

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Learning and understanding Mathematics, at every level, requires learner engagement. Mathematics is not a spectator sport. Sometimes traditional teaching fails to actively involve students. One way to address the problem is through the use of interactive activities and this web site provides many of those. The Go Maths page is an alphabetical list of free activities designed for students in Secondary/High school.

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Are you looking for something specific? An exercise to supplement the topic you are studying at school at the moment perhaps. Navigate using our Maths Map to find exercises, puzzles and Maths lesson starters grouped by topic.

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If you found this activity useful don't forget to record it in your scheme of work or learning management system. The short URL, ready to be copied and pasted, is as follows:

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Description of Levels

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Level 1 - Simple one-step conversion questions

Level 2 - Multi-step currency conversion problems

Level 3 - Exam-style questions on currency conversion and finance

Examples

Phil is setting off from London for a business trip to Germany. He converts £230 to euros. How many euros will he receive?

If the 'Buy' rate for euros is 1.41 then he will receive 230 × 1.41 = 324.30 euros. Notice that the answer has two digits after the decimal point even though the second one is zero.

After working on a theme park in Australia, Jane is returning to the UK. She converts AU$1010 to pounds. How many pounds will she receive?

If the 'Sell' rate for Australian dollars is 2.22 then she will receive 1010 ÷ 2.22 = £454.96. Notice that the answer has been rounded to two decimal places

Don't wait until you have finished the exercise before you click on the 'Check' button. Click it often as you work through the questions to see if you are answering them correctly.

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