Currency Conversion Quiz

Convert. a) 200 EUR = __________ CAD

Write the equation, then use a calculator to find the total cost of the transaction in CAD including any additional charges. b) Carlos exchanges 10,000 THB to CAD at an exchange point in Toronto. The rate is 1.00 THB = 0.0454082 CAD. There is a fee of 5.00 CAD for each transaction.

Ava buys 800 USD at an exchange agency in Knoxville, TN, and uses 400 USD to buy the videogame console. The agency uses an exchange rate of 1 CAD = 0.76468 USD and charges a fee of 3.00 USD for transactions. How much does Ava pay for the console?

To buy the console, Irene uses a prepaid USD card that she loaded a month ago at a rate of 1 USD = 1.32773 CAD with an additional fee of 3%. How much does Irene pay for the console?

What are some advantages and disadvantages of using a prepaid card or credit card abroad instead of cash?