# Currency Conversion

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

##### Level 1Level 2Exam-StyleDescriptionHelpMore Finance

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

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).

Exchange Rates For £1

USD1.231.27
AUD1.781.84
NZD1.962.02
THB43.7445.05
EUR1.171.21
Check

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

## 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.

## Transum.org

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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## 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:

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It may be worth remembering that if Transum.org should go offline for whatever reason, there are mirror sites at Transum.com and Transum.info that contain 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.
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!]

"

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.

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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

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.

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## 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. 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.

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