Transum Software

Currency Conversion

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

  Menu   Level 1 Level 2   Exam     Help     More  

This is level 1; Simple one-step conversion questions. 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 (We Sell) or whether a foreign currency is being converted to pounds (We Buy).

Give your answers to two decimal places.

Exchange Rates For £1

 We SellWe Buy
FlagUSD1.251.28
FlagAUD1.9420.00
FlagNZD2.122.18
FlagCAD1.721.78
FlagTHB45.6146.98
FlagEUR1.171.21

Richard is setting off from London for a business trip to France. He converts £300 to euros. How many euros will he receive?
Correct Wrong

Miquel is going on holiday to Florida. He converts £430 to US dollars. How many dollars will he receive?
Correct Wrong

After working on a farm in Australia, Colin is returning to London. He converts AU$1160 to pounds. How many pounds will he receive?
Correct Wrong

Sak is travelling to the UK for a holiday. He converts 10,100 THB to pounds. How many pounds will he receive?
Correct Wrong

In order to compare the cost of living, Alejandro converts the cost of a beefburger in London, England with the cost of a similar beefburger in Toronto, Canada using the 'Buy' rate shown in the table. The burger costs £3.92 in London. How many Canadian dollars would that be equivalent to?
Correct Wrong

Caden lived in England but has decided to emigrate to Spain. He converts £28000 to euros. How many Euros will he receive?
Correct Wrong

Blake is going on holiday to New Zealand. He converts £460 to New Zealand dollars. How many dollars will he receive?
Correct Wrong

After touring Canada, Carson is returning to the UK. He converts CA$1070 to pounds. How many pounds will he receive?
Correct Wrong

Emily is visiting London to buy an apartment. She converts US$218,000 to pounds. How many pounds will she receive?
Correct Wrong

Out of curiosity, Emma wonders how much her car would be worth in Thailand. The car costs £10000 in the UK. How much would this be equivalent to in Thailand? [Use the 'Buy' rate for your calculation]
Correct Wrong
Check

This is Currency Conversion level 1. You can also try:
Level 2

Current exchange rates data powered by Exchange Rate API and last updated on Wed, 17 Apr 2024 00:02:31 UTC.

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.

Why am I learning this?

Mathematicians are not the people who find Maths easy; they are the people who enjoy how mystifying, puzzling and hard it is. Are you a mathematician?

Comment recorded on the 23 September 'Starter of the Day' page by Judy, Chatsmore CHS:

"This triangle starter is excellent. I have used it with all of my ks3 and ks4 classes and they are all totally focused when counting the triangles."

Comment recorded on the 10 September 'Starter of the Day' page by Carol, Sheffield PArk Academy:

"3 NQTs in the department, I'm new subject leader in this new academy - Starters R Great!! Lovely resource for stimulating learning and getting eveyone off to a good start. Thank you!!"

Each month a newsletter is published containing details of the new additions to the Transum website and a new puzzle of the month.

The newsletter is then duplicated as a podcast which is available on the major delivery networks. You can listen to the podcast while you are commuting, exercising or relaxing.

Transum breaking news is available on Twitter @Transum and if that's not enough there is also a Transum Facebook page.

Featured Activity

River Crossing

River Crossing

Three interactive versions of the traditional river crossing puzzles. The objective is to get all of the characters to the other side of the river without breaking any of the rules.

Answers

There are answers to this exercise but they are available in this space to teachers, tutors and parents who have logged in to their Transum subscription on this computer.

A Transum subscription unlocks the answers to the online exercises, quizzes and puzzles. It also provides the teacher with access to quality external links on each of the Transum Topic pages and the facility to add to the collection themselves.

Subscribers can manage class lists, lesson plans and assessment data in the Class Admin application and have access to reports of the Transum Trophies earned by class members.

If you would like to enjoy ad-free access to the thousands of Transum resources, receive our monthly newsletter, unlock the printable worksheets and see our Maths Lesson Finishers then sign up for a subscription now:

Subscribe

Go Maths

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.

Maths Map

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.

Teachers

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:

Alternatively, if you use Google Classroom, all you have to do is click on the green icon below in order to add this activity to one of your classes.

It may be worth remembering that if Transum.org should go offline for whatever reason, there is a mirror site at Transum.info that contains most of the resources that are available here on Transum.org.

When planning to use technology in your lesson always have a plan B!

Nick Morgan, International

Sunday, March 22, 2020

"On the Currency Exchange tasks, I think the rate are wrong.
When converting funds to a foreign currency you should the "Sell" rate which should be lower than the "Buy" rate, which is used when converting back to pounds.
Your instruction contradict the methods outlined everywhere else.
Is this a mistake?

[Transum: Thanks so much for your feedback Nick. I just did a Google images search to look at photographs people had taken of exchange rates boards around the world. There is indeed a difference in how the words Buy and Sell are interpreted as you can see by the examples below. I guess it is important to point out this inconsistency to pupils! - I have made the words Buy and Sell editable above so if you are projecting this activity to a whole class you can type in the column titles that suit you.]

Currency exchange rate boards"

Alastair, UK

Thursday, January 12, 2023

"I agree with Nick that this is very confusing. If you look it up, most sites I looked on suggest that it should be the exchange who is 'buying' or 'selling' the foreign currency. However, this board is written as the customer 'buying'/'selling' the foreign currency."

David, ExchangeRate-API

Friday, January 27, 2023

"I see on your page discussion about the buy/sell working - writing "we buy" or "we sell" as in your screenshots is indeed the common solution to clear up the confusion that can occur with this.

[Transum: Thanks David, that's a great idea, I have made that change - though those titles are editable should a teacher wish to display something else.]

Finally, if you want a fun mathematical trick for your students you can add a section about how you can work out the reverse rate by doing 1 / rate. I.e. say USD to ZAR is 17.0000, then 1/17.0000 is approx. 0.0588 which is roughly the rate of ZAR to USD. Interestingly it won't be the exact reverse rate we supply. Either because there is unusually more demand one way compared to the other due to something like a war breaking out or a sudden interest rate change. Or alternatively because we collect data for pairs atomically, i.e. data for USD to ZAR and then separately for ZAR to USD and can actually have sources that may have one pair but not the other. Then our rates will reflect subtly different prices. But as a rule of thumb it's still pretty useful, typically 99% accurate and I just thought maybe there's a maths lesson there somewhere!"

Do you have any comments? It is always useful to receive feedback and helps make this free resource even more useful for those learning Mathematics anywhere in the world. Click here to enter your comments.

Apple

©1997-2024 WWW.TRANSUM.ORG

Description of Levels

Close

Close

Level 1 - Simple one-step conversion questions

Level 2 - Multi-step currency conversion problems

Exam Style Questions - A collection of problems in the style of GCSE or IB exam paper questions (worked solutions are available for Transum subscribers).

More on Finance including lesson Starters, visual aids, investigations and self-marking exercises.

Answers to this exercise are available lower down this page when you are logged in to your Transum account. If you don’t yet have a Transum subscription one can be very quickly set up if you are a teacher, tutor or parent.

Log in Sign up

Related Activities

Flowchart Bills
Activity
Calculate bill totals by following the instructions given in the form of a flow chart.

Interest
Activity
Practise using the formulas for simple interest and compound interest.

Money Maths
Activity
Test your skills and understanding with this online exercise about Money Maths and Personal Finance.

Overdraft Charges
Activity
Do you understand how your bank charges you for taking out an overdraft? Try this self marking quiz.

Thai Restaurant
Activity
Calculate the restaurant bills for each of the tables in the Thai Restaurant.

Unit Pricing
Activity
Calculate the unit cost of items to earn jigsaw pieces that make a joke.

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 'We Sell' 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 'We Buy' 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. You can double-click the 'Check' button to make it float at the bottom of your screen.

Answers to this exercise are available lower down this page when you are logged in to your Transum account. If you don’t yet have a Transum subscription one can be very quickly set up if you are a teacher, tutor or parent.

Log in Sign up

Close

Close