N U M B E R

Summary

A rate of exchange, or exchange rate, gives the into another. The commission is charged in the

value of one currency in terms of another currency. currency that they buy and sell.

The commission is a fee that foreign-exchange The buying and selling rates are from the point of

providers charge for exchanging one currency view of the bank, who is buying or selling currencies.

Mixed practice

1 1 EUR = 1.10 USD. 6 The exchange rate from US Dollars (USD)

to Thai Baht (THB) is 1 USD = 33.45 THB.

a Convert 950 EUR into USD.

Give the answers to the following correct

b Convert 2750 USD into EUR.

to 4 s.f.

2 1 Mexican Peso (MXN) = 0.055 US Dollars

a Find the value of 115 US Dollars in THB.

(USD).

b Calculate the value of 1 THB in USD.

a Convert 4400 MXN into USD.

c Alexis receives 600 New Zealand Dollars

b A commission of 1% is charged.
(NZD) for 14 670 THB. Calculate the value

Find the cost of the commission in USD. of 1 THB in NZD.

c Calculate the nal number of USD received. d Calculate the value of the US Dollar in New

Zealand Dollars.

3 1 CHF = 0.72 GBP. A commission of 2% is

charged. Convert 1600 CHF into GBP. 7 A bank buys 1 Australian Dollar (AUD)

for 0.72Euros (EUR) and sells 1 AUD for

4

Buy RUB Sell RUB

0.70EUR. Frida wants to exchange 800 AUD

1 GBP 107.30 105.80

for EUR.

a Find how many Euros Frida will receive.

a Jasmine is going on holiday.

b Frida has to cancel her trip and changes

She wants to exchange 1400 GBP for

hermoney back later when the rates are

Russian Rubles (RUB).

‘buys 1 AUD = 0.73 EUR, sells 1 AUD =

Calculate how many RUB she will receive.

0.69 EUR’. Find how many Australian

b Kali has returned from holiday.

Dollars she receives.

She wants to change 1420 RUB back to GBP.

c Determine how many Australian Dollars she

has lost on the transaction.

Calculate how many GBP she will receive.

8 Ed had to change British Pounds (GBP) into

5 The table below show part of a currency

Swiss Francs (CHF) at a bank. The exchange

conversion chart. Find the value of p and q

rate was 1 GBP = 1.4 CHF. The bank charged

EUR GBP AUD 2% commission.

EUR 1 p 1.53 a Determine how many Swiss Francs Ed

bought with 200 GBP.

GBP 1.27 1 1.92

b Ed has 100 CHF of his initial amount left.

AUD q 0.52 1

Find how many British Pounds he could buy.

6.1 Can I exchange this please? 18 7