Currency Conversion - Level 1

Front

What is currency conversion?

Back

Currency conversion is the process of exchanging one currency for another, typically using an exchange rate.

Front

What is an exchange rate?

Back

An exchange rate is the value of one currency in relation to another currency.

Front

If 1 MXN is equal to 0.05 USD, how many MXN will you get for 10 USD?

Back

200 MXN

Front

If 1 USD is equal to 0.85 EUR, how many EUR will you get for 50 USD?

Back

42.5 EUR

Front

If 1 GBP is equal to 1.3 USD, how many USD will you get for 20 GBP?

Back

26 USD

Front

If 1 CAD is equal to 0.75 USD, how many CAD will you get for 150 USD?

Back

200 CAD

Front

If 1 JPY is equal to 0.009 USD, how many USD will you get for 1000 JPY?

Back

9 USD

Front

What is the formula to convert currency?

Back

Amount in new currency = Amount in original currency × Exchange rate.

Front

What does it mean if the exchange rate increases?

Back

If the exchange rate increases, it means that the original currency has become stronger, and you will get more of the new currency for the same amount.

Front

What does it mean if the exchange rate decreases?

Back

If the exchange rate decreases, it means that the original currency has weakened, and you will get less of the new currency for the same amount.