What is Your Money Worth?
Directions: Use the table below to answer questions and complete the in-class activity.
Country
Member of the
European
Union?
Comparison to the U.S.
Dollar
(1 dollar equals)
British Pound
1 Euro = .71 Pounds
Yes
1 dollar = .65 Pounds or
1 Pound = 1.55 dollars
France
Euro (previously Franc)
1 Euro = 6.56 Francs
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
Italy
Euro (previously Lira)
1 Euro = 1,936.27 Liras
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
Danish Krone
Yes
1 dollar = 6.80 Krones
Swedish Krona
Yes
1 dollar = 8.76 Kronas
Russian Ruble
No
1 dollar = 63.99 Rubles
Germany
Euro (previously Mark)
1 Euro = 1.96 Marks
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
Greece
Euro (previously Drachma)
1 Euro = 340.75 Drachmas
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
Spain
Euro (previously Peseta)
1 Euro = 166.39 Pesetas
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
Portugal
Euro (previously Escudo)
1 Euro = 200.48 Escudos
Yes
1 dollar = .91 Euros or
1 Euro = 1.10 dollars
United
Kingdom
Denmark
Sweden
Russia
Name of Currency
Conversions made as of by August 10,2015 www.oanda.com online converter
Modified Activity from Georgia DOE State Framework
1
What is Your Money Worth?
1) Which currencies are worth more than a dollar? __________________________________
2) What does it mean when a country’s currency is worth more than a dollar?
__________________________________________________________________________
__________________________________________________________________________
3) What is a Euro and why was it created?
__________________________________________________________________________
__________________________________________________________________________
4) Do all members of the European Union use the Euro as their currency? _______________
5) Why would a country not use the Euro if they are a member of the European Union? For
example, United Kingdom?
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
6) How might currency be a trade barrier? Keep in mind that many European countries are
the size of U.S. states. For example, if Georgia and Tennessee used the same type of
currency, but South Carolina and Georgia did not, where would you be more likely to travel
and trade? Why?
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
7) What conclusions can you draw from this activity?
__________________________________________________________________________
__________________________________________________________________________
Modified Activity from Georgia DOE State Framework
2
What is Your Money Worth?
Directions: Select one of the countries from the table on the previous handout. On the line
below each item, estimate the amount of your country’s currency that would be needed to
purchase the item.
$40
$10
_________________________
_________________________
$1,200
$800
_________________________
_________________________
$20
$18
_________________________
Modified Activity from Georgia DOE State Framework
_________________________
3