Convert Between Different Currencies

In this activity, we will be converting different currencies using their exchange rates.

 

We will use a calculator for this activity!

 

As we are aware, we use the £ in the UK.

If we want to travel to another country then we have to use their particular currency.

 

 

For example, the USA use dollars ($), Australia use Australian dollars (AUS $) and Europe use the euro (€).

If we want to exchange our £ for another currency then there is an exchange rate.

 

 

Example

Convert £500 to euros.

The exchange rate is £1 = €1.15

This means that for every £ we have, we get 1.15 euros.

If we have £500, then we multiply by the exchange rate:

500 x 1.15 = €575

 

 

This works the other way too!

If we want to convert another currency back to £'s.

 

Example

Convert $300 to £'s

The exchange rate is £1 = $1.30

If we have $300, then we divide by the exchange rate:

300 ÷ 1.30 = £230.77

 

Let's try some questions and problems!