Converting Currency

[Pages:2]NAME

DATE

PERIOD

Converting Currency

7.M.7 Convert money between different currencies with the use of an exchange rate table and a calculator

Countries around the world use different types of currency. By using an exchange rate table, proportions, and a calculator, you can convert from one type of currency to another.

Examine the following exchange rate table. All values in the same column are equivalent to each other.

United States Dollars

1

British Pounds

0.550782

Canadian Dollars

1.2473

Euro

0.815262

Australian Dollars

1.32696

*Exchange rates as of June 2, 2005

1.8156 1

2.26459 1.48018 2.40922

0.801731 0.441579

1 0.653621 1.06386

1.22659 0.675588 1.52993

1 1.62764

0.753602 0.41507 0.939968 0.614383

1

You can use proportions to convert any amount of money from one currency to another.

EXAMPLE 1

Carter has 17 U.S. Dollars. How much would he have in British Pounds?

_0._5_5_0_71_8U_2_.BS_.r_iDt_io_slh_la_Pr_o_u_n_d_s,

_17_ x

(1 Dollar)x, 17(0.550782 Pounds)

x, 9.36329

Set up a proportion.

Cross multiply. Simplify.

17 U.S. Dollars is worth approximately 9.36 British Pounds.

EXERCISES

Fill in the blanks by converting each currency. Round to the nearest hundredth. 1. 2.26459 Canadian Dollars 1.48 Euros

2. 0.441579 British Pounds 1.06 Australian Dollars

3. 1.32696 U.S. Dollars 1.08 Euros

4. 1.52993 Euros 2.49 Australian Dollars

5. 0.801731 Canadian Dollars 0.35 British Pounds

6. 20 Euro 32.55 Australian Dollars

7. 104.20 U.S. Dollars 129.97 Canadian Dollars

? Glencoe/McGraw-Hill

1

NY 7.M.7

NAME

DATE

8. 57.50 Euros 70.53 U.S. Dollars 9. 32.45 British Pounds 48.03 Euros 48.03 10. 15 British Pounds 33.97 Canadian Dollars 11. 12.72 British Pounds 30.65 Australian Dollars 12. 237.64 U.S. Dollars 130.89 British Pounds 13. 5 Australian Dollars 2.08 British Pounds 14. 14.83 Canadian Dollars 9.69 Euros 15. 27.20 Canadian Dollars 21.81 U.S. Dollars 16. 84.99 U.S. Dollars 69.29 Euros 17. 19.85 Canadian Dollars 21.12 Australian Dollars 18. 20.03 Australian Dollars 18.83 Canadian Dollars 19. 657.12 Canadian Dollars 290.17 British Pounds 20. 41.54 British Pounds 75.42 U.S. Dollars 21. 67.27 U.S. Dollars 89.26 Australian Dollars 22. 71.10 Euros 48.03 British Pounds 23. 12.12 Australian Dollars 7.45 Euros 24. 19.99 Australian Dollars 12.28 Euros 25. 89.70 Euros 137.23 Canadian Dollars

PERIOD

? Glencoe/McGraw-Hill

2

NY 7.M.7

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download