Check your Understanding
1) Exchange rates change often. The table shows the value of Canadian dollar to
several currencies on a certain day. Complete the table.
Canadian Dollar
Currency
$1 CAD Equals
$100 CAD Equals $250 CAD Equals
a) U.S. dollar ($)
1.02112
b) Euro (€)
0.699167
c) British pound
(£)
0.622598
2) Convert each of the following amounts to Canadian dollars. Use the exchange rates
given.
Currency
Rate (in CAD $)
Amount
In $ CAD
a) 1 Swiss franc
1.17079
7800 CHF
(CHF)
b) 1 Australian
1.04351
$525 AUD
dollar ($AUD)
c) 1 euro (€)
1.43032
€64
3) A French tourist arrives in British Columbia with his money in euros. He has €300
in spending money for entertainment. The table shows the exchange rate at the
time.
Canadian Dollar
Euro
1
0.712566
1.403377
1
a. How much is €300 in Canadian dollars?
b. During a visit to Gastown in downtown Vancouver, this tourist buys artwork
for $125 CAD. How much is that in euros (€)?
4) Michelle has saved $1650 CAD for a trip to Cancun, Mexico. She has found an allinclusive 7-day trip package for $975 CAD. She finds the following information
online.
$1 CAD = $12.0855 MXN
$1 MXN = $0.0827437 CAD
a. She decided to convert the rest of her trip savings into Mexican pesos. How
many Mexican pesos will she receive?
b. At the end of her trip, Michelle has 1630 pesos left. What is the amount in
Canadian dollars?
5) You have $300.
a. On a day when $1 US is worth approximately $1.10 CAD. How many
Canadian dollars will get for your American money?
b. On a day when $1 US is worth approximately $0.94 CAD. How many
Canadian dollars will get for your American money?
6) You have $250 CAD.
a. On a day when $1 CAD is worth approximately £0.634. How many British
pounds will get for your Canadian money?
b. On a day when $1 CAD is worth approximately £0.613. How many British
pounds will get for your Canadian money?
7) You have £600.
a. On a day when £1 is worth approximately $1.58 CAD. How many Canadian
dollars will get for your British pounds?
b. On a day when £1 is worth approximately $1.67 CAD. How many Canadian
dollars will get for your British pounds?
8) You have $150 CAD.
a. On a day when $1 CAD is worth approximately $37.3 RD. How many
Dominican Republic pesos will get for your Canadian money?
b. On a day when $1 CAD is worth approximately $38.1 RD. How many
Dominican Republic pesos will get for your Canadian money?
9) The exchange rate on a certain day for converting from Japanese yen to Canadian
dollars is 0.012134. Which proportion could you use to convert ¥5670 to Canadian
dollars? Explain your reasoning.
A.
¥1
$x

¥5670 $0.012134
B.
¥1
¥5670

$0.012134
$x
C.
¥1
$x

$0.012134 ¥5670
10) Name three countries you would like to visit. If you had $500 CAD to spend, how
much would it be worth today in each country you choose? Research exchange
rates online.
11) Carol is going to Las Vegas for three nights. The hotel costs $174 US per night.
She plans to attend two shows: a circus show for $125 US and a comedy show for
$45 US. She has $750 CAD to spend on hotel and shows. Assume that US $1
equals about $1.07 CAD. How much will Carol have left in Canadian dollars?
Use the exchange rates in the table to help answer #12 to #16.
Canadian Dollar
Currency
$1 CAD Equals
In CAD $
British pound (£)
0.6374
1.5869
Euro (€)
0.7138
1.4009
New Zealand dollar
(NZ $)
1.2574
0.7953
US dollar (US $)
0.9726
1.0282
12) Convert $525 CAD to the currencies shown in the table.
Currency
$525 CAD
a) British pounds
b) Euros
c) New Zealand dollars
13) Convert each of the following amounts to Canadian dollars.
Currency
In CAD $
a) €950
b) $2000 NZ
c) $3780 US
d) £5200
14) Lyndon in shopping online for a skateboard. He finds one for $175 US, plus
$17.50 US for shipping. He has seen the skateboard in a local store for $199 CAD.
a. What is the total cost of the skateboard online in Canadian dollars?
b. Which skateboard do you think Lyndon should buy? Explain.
15) David’s grandparents in Scotland sent him £50 as a Christmas gift. How much is
this in Canadian funds?
16) Fiona is shopping for an Irish dance costume. She finds one in St. John’s for
$850 CAD. She finds a similar costume online for £481. Which costume cost less
and by how much in Canadian dollars?
17) Connor is planning a trip to Denmark, Sweden, and Norway. He decides to
exchange $750 CAD for each country’s currency. How much of each country’s
currency will he have?
Currency
$1 CAD Equals
$750 CAD Equals
a) Swedish krona (SEK)
6.5317
b) Danish krone (DKK)
5.3248
c) Norwegian krone
(NOK)
5.5960
Use the exchange rates from the following table for #18-20
Canadian Dollar
Currency
$1 CAD Equals
In CAD $
US dollar (US $)
0.991051
1.00903
British pound (£)
0.616697
1.62154
Euro (€)
0.727323
1.37490
82.413
0.012134
83.6623
0.011953
Japanese yen (¥)
Jamaican dollar (J $)
18) Which amount has the greatest values in Canadian dollars?
US $15
€11
£10
19) Which amount has the least value in Canadian dollars?
J $54 631
¥54 133
US $649
20) Which amount is greater?
a. ¥3132 or CAD $36?
b. US $487 or CAD $489?
c. J $1491 or CAD $18?
d. €1854 or CAD $1346?
Use the exchange rates from the following table for #21-25
Canadian Dollar
Currency
Buying Rate
Selling Rate
US dollar ($ US)
0.9794
1.0326
New Zealand dollar
($ NZ)
0.8174
0.8634
1.307
1.3884
0.010299
0.011047
1.0623
1.1243
Euro (€)
Japanese yen (¥)
Swiss Franc (₣)
21) How much would you lose if you bought and sold US dollars for $1240 CAD on the
same day?
22) How much would you if you bought and sold Japanese yen for $355 CAD on the
same day?
23) How much would you if you bought and sold Swiss Franc for $985 CAD on the
same day?
24) Tim goes on a trip to New Zealand. He exchanges $100 CAD into New Zealand
dollars. On his trip he purchases a hat for $8.95 NZ and a Wahine doll for $19.75
NZ. Assuming the exchange rate is the same when he returns, how much money
(in CAD $) will he have left?
25) Justine goes on a trip to Paris. She exchanges $1,500 CAD into euros. On her
trip she purchases 2 dozen macarons for €4.50 each, a painting for €340 and a
bottle of wine for €52.50. Assuming the exchange rate is the same when she
returns, how much money (in $ CAD) will she have left?