Foreign Exchange

1
Foreign Exchange
2
What is to be learned?

• How to change pounds into foreign currency (and
  back)

3
Types of Currency

• USA Dollar
• (Also Canada, Australia, New Zealand)
• Some European Countries Euro
• (Austria, Belgium, Finland, France,Germany,
  Greece Holland, Italy,Ireland, Luxembourg,
  Portugal, Spain)
• Scandinavian Countries Kroner
• Japan - Yen

4
How Much?
Exchange Rate
Country
Currency
(per pound)

• U.S.A. Dollars
  1.63
• Canada Dollars
  2.06
• Denmark Kroner
  8.53
• Japan Yen
  152
• Switzerland Francs
  1.73
• Euro 1.15

Rates change daily and can go up or down
5
Changing Money

• Can change in hotels, banks, airports
• and other places!
• Check rate of change
• Beware Hidden Charges!
• (Commission)

6
Changing Pounds

• Change 150 to dollars
• Exchange Rate 1 1.60
• 1 1. 60
• 150 x 1.60 240

X 1.60
7
Changing Pounds

• Change 180 to euros
• Exchange Rate 1 1.15
• 1 1. 15
• 180 x 1.15 207

X 1.15
8
Foreign Exchange Changing Pounds
Steps to Success Choose correct Exchange
Rate Multiply by Exchange Rate
Currency Exchange Rate US Dollars 1.67
Euro 1.22
Change 250 into Euros
250 X 1.22 305
9
Exchanging Back

• Rates May Have Changed!
• Change 40 back to pounds
• Exchange rate 1 1.65
• 1 1. 65
• 40 1.65 24.24242424

X 1.65
1.65
24.24
10
Exchanging Back

• Rates May Have Changed!
• Change 30 back to pounds
• Exchange rate 1 1.12
• 1 1. 65
• 30 1.12 26.78571429

X 1.65
1.12
26.79
11
Foreign Exchange Changing Back
Steps to Success Choose correct Exchange
Rate Divide by Exchange Rate
(Round to 2 d.p.)
Currency Exchange Rate US Dollars 1.62
Euro 1.24
Change 20 into pounds
20 1.62
12.35