TEACHING AND LEARNING FINANCE INVESTING ECONOMICS MONEY MATH WORKSHEET MONEY EXCHANGE LESSON PLAN - WORD PROBLEMS - FX - TRANSACTIONS AND EXCHANGES CALCULATOR - COUNTRY EXCHANGE - UNITED STATES - CANADIAN - INTERNATIONAL

# FOREIGN EXCHANGE RATES LESSON

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The rate at which one currency is converted into another currency is the foreign exchange rate.  Use this word problems worksheet lesson as an introduction to converting currencies.

 LESSON LEARNED     Exchange Rates

 OTHER SKILLS REINFORCED Math Division

 Suggested Lesson Plan for this Worksheet   Foreign exchange rates, or the rate of exchange, is the rate at which one currency is converted into another currency.  Exchange rates are usually given as one unit of one currency to X units of another currency.  Exchange rates give the relative prices of different currencies.   For example, if the US Dollar to British Pound exchange rate is 1:2 then one US Dollar is converted into two British Pounds.    To calculate the reverse, we divide 1 by the exchange rate.  Using the above example, one British Pound would be converted into 1 divided by 2, or 1/2.  So One British Pound would equal 1/2 of a US Dollar.   Questions for discussion: Why might we need to know exchange rates? What happens if one countries currency falls drastically vs another countries currency? When might you use exchange rates? WORKSHEET Instructions   This is a random word problem worksheet. You may choose a standard worksheet or customize the worksheet to your teaching needs.   To customize the worksheet, you have several selections.  Choose number of questions.  Single question worksheets make for good reviews or introductions.  Two different worksheet formats are available, single line format with picture (picture is optional) or box format.    Make your selections, then press "Get Worksheet."

STANDARD WORKSHEET

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CUSTOM WORKSHEET

This worksheet may be customized with the following settings.

Make any changes you wish, then press "Get Worksheet".

You may also choose difficulty level.

Level 2 questions include level 1 questions

plus more difficult conversion questions.

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