In this activity you will be required to convert one currency to another or determine the current exchange rate.

  1. If the current exchange rate is 1 US dollar = 110 Japanese yen
    How many US dollars would be required to buy a ring worth 20,000 yen?
    Answer: $181.82 or (20,000 ÷ 110)

  2. If the current exchange rate is 1 US dollar = 110 Japanese yen 
    How many yen would be required to purchase a ring worth 1,000 US dollars?
    Answer: 110,000 yen or (1,000 × 110)

  3. If the current exchange rate is 1 US dollar = .95 euros
    How many US dollars would be required to purchase a Mercedes worth 60,000 euros?
    Answer: $63,157.90 or (60,000 ÷ .95)

  4. If the current exchange rate is 1 US dollar = .95 euros
    How many euros would be required to purchase a Ford worth 42,000 euros?
    Answer: $39,900 or (42,000 × .95)

  5. If a coat that costs 500 US dollars was purchased for 10,000 pesos, what is the exchange rate of US dollars to pesos?
    If 10,000 pesos = (rate × 500 US dollars)
    then, (10,000 ÷ 500) = rate
    then, the rate = 20
    Answer: Or, 1 US dollar = 20 pesos

  6. If a US tourist purchased a French painting worth 2,500 euros using 3,500 US dollars, what is the exchange rate of euros to US dollars?
    If 3500 US dollars = (2500 ÷ rate)
    then, rate = (2500 ÷ 3500)
    then, rate = 0.71
    Answer: Or, 1 euro = 0.71 US dollars