16 March 2015
Converting Currencies of the World
Objective: to learn to convert currencies of the world
to and from the British Pound
Starter
1)
634 x 5 = 3170
2)
¼ = 25
.... %
3)
Continue 1,1,2,3,5, 8,13, 21
4)
5)
List 10 prime numbers
2,3,5,7,11,13,17,19,23,29
Find the value of x
x
x = 75
Objective: to learn to convert currencies of
the world to and from the British Pound
1) British Pound
2) Euro
4) Australian Dollar 5) Yen
3) U.S. Dollar
6) Swiss Franc
Why would you convert currency?
What is an exchange rate?
Constantly Changing
How to exchange currency?
I know £1 = ฿43.56
(Thai Baht) what
would I do to find
how much £100 is?
£100 x 43.56 Baht = 4356 Baht
Convert the following amounts to Thai Baht.
a) £10
b) £50
c) £135
435.60 Baht
2178 Baht
5880.60 Baht
Exchanging Currency
Using the table on the right, convert £50 to the following currencies
a) Euros
€56.50
b) US Dollars $75.50
c) Australian Dollars $72.50
d) Bulgarian Lev
105.50 Lv
e) Japanese Yen ¥ 6964.50
What have you learned to do?
Using the following words, write an explanation
of what you just did?
Currency
Multiplication/Multiply
British Pounds
How to exchange currency?
I know £1 = ฿43.56
(Thai Baht) how would I
work out how many
pounds, 1000 Baht is?
1000 Baht ÷ 43.56 = £22.95684114
= £22.96
Convert the following amounts to British Pounds (GBP).
a) 200 Baht
£4.59
b) 1400 Baht
c) 70 Baht
£32.14
£1.61
On the plane to...
You are planning to go on a holiday. You have £2000
to spend
1) Where do you want to go ?
2) Find out the currency and exchange rate of the
country you want to visit.
3) Change your money from £ to the currency of that
country . How much do you get?
4) Decide how much you will spend and how much
you will return with.
5) Change your money back to £. How much do you
get?
Exchanging Currency
Using the table on the right, convert 200 of the countries currency
to GBP (£). Round to 2 decimal places
a) 200 Euros
£176.99
b) 200 US Dollars
£132.45
c) 200 Aussie Dollars £137.93
d) 200 Bulgarian Lev £94.79
e) 200 Japanese Yen £1.44
What have you learned to do?
Using the following words, write an explanation
of what you just did?
Currency
Division/Divide
British Pounds
On the plane to...
Paris, France
£1 = €1.13
I have taken my family to Paris to climb
the Eiffel Tower. I convert £200 to
Euros.
a) Calculate how many Euros £200
pounds is?
200 x 1.13 = €226
b) I spend 163 Euros will visiting Paris.
When returning to England I
exchange my Euros to Pounds.
Calculate how many pounds I have?
€ 63 ÷ 1.13 = £55.75
€226 – €163 = € 63
Visiting the Eiffel Tower
£1 = €1.13
2 Adults, A 14 year old boy, and two 7 year olds take the
lift entrance to the top. How much would this cost in
Pounds?
Total Cost = €62
€62 ÷ 1.13 = £54.87
New York, USA
£1 = $1.51
I now take my family to New York. I
convert £350 to US Dollars.
a) Calculate how many US dollars I
have?
350 x 1.51 = $528.50
b) I spend $276 on my visit to New
York and return to England. I
convert my remaining money to
Pounds. Calculate the remaining to
GPB (£)?
$528.50 - $276 = 252.50 252.50 ÷ 1.51 = £167.22
Empire State Building
£1 = $1.51
2 Adults, 3 children and a senior visit the Main and
Top Deck of the Empire State building. Calculate
the cost in pounds of this experience?
Total Cost = $231
$231 ÷ 1.51 = £152.98
On the plane to...
Sydney, Australia
£1 = $1.45
I now take my family to Sydney. I
convert £1200 to Australian Dollars.
a) Convert £1200 to Aussie Dollars?
1200 x 1.45 = $1740
b) I spend $1476 Dollars whilst in
Sydney. I convert the remaining
currency back to Pounds. How many
pounds and pence do I have?
$1740 - $1476 = $ 264
$264 ÷ 1.45 = £182.07
Bridge Climb
£1 = $1.45
On Saturday, 2 adults and 3 children on a Bridge
Climb. We wanted to climb the bridge at Dawn.
Calculate the cost of doing this in Pounds?
Total Cost = $1190
$1190 ÷ 1.45 = £820.69
On the plane to...
Bansko, Bulgaria £1 = $2.11 Lev
I now take my family to Bansko,
Bulgaria for a Ski Trip. I convert
£850 to Bulgarian Lev.
a) Convert £850 to Bulgarian Lev?
850 x 2.11 = 1793.50 Lev
b) I spend 1137.25 Lev whilst visiting
Bulgaria. On returning to the UK I
convert my remaining Lev to
Pounds. How many pounds and
pence do I now have?
1793.50 - 1137.25 = 656.25 656.25 ÷ 2.11 = £311.02
Ski Lifts
£1 = $2.11 Lev
Prices in Bulgarian Lev
An Adult, 2 kids and a University student purchase a
ski lift pass for 9 days. Calculate the total cost of this
in Pounds.
1452÷ 2.11 = £688.15
Total Cost = 1452
On the plane to...
Tokyo, Japan
£1 = 139.29 Yen
We visit Tokyo, Japan. They
use Yen as their currency.
a) Convert £1500 to
Japanese Yen?
1500 x 139.29 = 208935
b) I am 2345 yen short of
purchasing a ticket to the
zoo. How many pounds
will I need to convert to
have 2345 yen?
2345 ÷ 139.29 = 16.84
I must change 17 Pounds
Tokyo Sky Tree
£1 = 139.29 Yen
3 Adults, 1 junior and 1 child pre school purchase a
day ticket to the Tokyo Skytree Tembo Deck. How
much would this cost in pounds?
Total Cost = 8400
8400 ÷ 139.29 = £60.31
In the UK, petrol cost £1.24 per litre.
In the USA, petrol cost 3.15 dollars per US gallon.
1 US Gallon = 3.79 Litres
£1 = $1.51
UK or USA? Show why?
In the UK petrol is £1.24 per litre.
1.24 x 1.51 = $1.87 per litre (convert to US
dollars)
In the US Petrol is $3.15 per gallon
3.15 ÷ 3.79 = $0.83 per litre
So we see that petrol is cheaper in the US