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Application of Number
Level 2
Converting Currencies - Tutorial 1
Converting currencies is very easy. You simply multiply the amount in pounds by the exchange rate.
£ x Exchange Rate = Amount of Currency |
E.g.
Converting pounds to US dollars
| Amount of pounds £ | Exchange rate | Working | Dollars |
| £100 | 1.47 | 100 x 1.47 | $147 |
| £1 | 1.47 | 1 x 1.47 | $1.47 |
| £500 | 1.47 | 500 x 1.47 | $735 |
| £345.65 | 1.47 | 345.65 x 1.47 | $508.11 |
Converting other currencies
| Amount of pounds £ | Currency | Exchange rate | Working | Amount in Currency |
| £100 | French Francs | 10.34 | 100 x 10.34 | 1034 |
| £350 | German Marks | 3.12 | 350 x 3.12 | 1092 |
| £500 | Spanish Pesetas | 262.65 | 500 x 262.65 | 131325 |
| £1000 | Italian Lira | 3045.43 | 1000 x 3045.43 | 3045430 |
| £856.67 | Japenese Jen | 153.54 | 856.67 x 153.54 | 131533.11 |
Now test yourself by doing the following assessment. Try to get at least 80% correct. Try this test again in a few days time to make sure that you have remembered how to do it.
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