Name: Tayler Lowery
Date: April 20
School: JHS
Facilitator: Ms.Gentry
7.02 How Much Does it Cost?
Total Points: 35
Since business people want to be paid in their own currency, it is necessary to understand how to
convert one currency into other currencies. To convert currency it is necessary to know the
exchange rates. Try to imagine a bank that will exchange one currency for another.
In this task, we will be concerned with changing dollars into the currency of six other countries.
The actual exchange rates used were from December 2012 and December 2014. The prices of
goods and services are current as of December 2014. Use the information below to fill in all of
the required calculations.
1. These are the exchange rates for select countries with the US dollar. In the last column
identify whether the US dollar has appreciated or depreciated relative to each currency.
British Pound
Foreign Currency
rate per dollar
2012
.619
Foreign Currency
rate per dollar
2014
.641
Has the US dollar
appreciated or
depreciated?
Appreciated
Canadian Dollar
.994
1.14
Appreciated
Chinese Yuan
6.24
6.17
Depreciated
French Euro
.756
.816
Appreciated
Japanese Yen
85.96
121
Appreciated
Mexican Peso
13.01
14.4
Appreciated
2. Use the exchange rates above to calculate how much each of the items listed below will
cost in US dollars for both 2012 and 2014. The costs for each item are the actual costs as
of December 2014. Divide the price of the foreign currency by exchange rate per dollar.
Show your calculations for partial credit.
© ACCESS Virtual Learning 2018
Items
Jar of Mayonnaise in Japan
256 yen
Volkswagen Golf in China
150,000 yuan
1 Bedroom apartment in
Mexico
4,357 pesos
2 pound sirloin steak in
Canada
17.71 Canadian Dollars
1 movie ticket in France
9.50 Euro
1 Double Whopper in
England
4.79 pounds
2012
2014
2.98
2.12
24,038.46
24,311.18
334.89
302.57
17.82
15.54
12.57
11.64
7.74
7.47
3. What general observation can you make about what it means for the US dollar to
appreciate?
The USD is worth more, so you can buy more items
4. You will now assume the role of a foreign visitor who travels to the US as a tourist.
Convert the cost of the US items into the cost of foreign currency. Use the 2014 exchange
rates. To calculate the cost this way, take the cost of the meal and multiply by the
exchange rate per dollar. Show your calculations for partial credit.
A $150 meal at a local
steakhouse
A four day trip to Disney
World for a family of four
$1252
1,953.20
British Pound
234.01
Canadian Dollar
131.58
1,098.25
Chinese Yuan
24.31
202.92
French Euro
182.82
1,534.31
© ACCESS Virtual Learning 2018
A $150 meal at a local
steakhouse
Japanese Yen
1.24
Mexican Peso
10.42
© ACCESS Virtual Learning 2018
A four day trip to Disney
World for a family of four
$1252
10.34
86.95