Name: ___________________________
GCSE (1 – 9)
Exchange Rates
Instructions
• Use black ink or ball-point pen.
• Answer all Questions.
• Answer the Questions in the spaces provided
– there may be more space than you need.
• Diagrams are NOT accurately drawn, unless otherwise indicated.
• You must show all your working out.
Information
• The marks for each Question are shown in brackets
– use this as a guide as to how much time to spend on each Question.
Advice
• Read each Question carefully before you start to answer it.
• Keep an eye on the time.
• Try to answer every Question.
• Check your answers if you have time at the end
[Link]
1 Beth goes on holiday to Spain.
The exchange rate is £1 = €1.13
She changes £350 into Euros (€).
(a) Work out how many Euros she receives.
€….................………….......
When Beth returns from holiday she changes €120 back into pounds.
The exchange rate is now £1 = €1.16
(b) Work out how many pounds (£) Beth receives.
Give your answer to the nearest penny.
£….................………….......
(Total for question 1 is 4 marks)
2 Ben went on holiday to Australia. He changed £350 into Australian dollars ($).
The exchange rate was £1 = $2.1
(a) Work out how many Australian dollars Ben should have received.
$….................………….......
When Ben returned he changed $100 back into pounds.
The new exchange rate was £1 = $2.2
(b) Work out how many pounds Ben should have received.
Give your answer to the nearest penny.
£….................………….......
(Total for question 2 is 4 marks)
3 Nicole is on holiday in France.
She spends €14.50 in a cafe.
The exchange rate is £1 = €1.15
Calculate how much Nicole spends in pounds (£).
£….................………….......
(Total for question 3 is 2 marks)
4 Amy is on holiday in Turkey
She changes £200 to Turkish lira.
The exchange rate is £1 = 7.7 Turkish lira
Calculate how many Turkish lira Amy receives
£….................………….......
(Total for question 4 is 2 marks)
5 Mario is on holiday in Japan
He stays in a hotel for 7 nights.
The hotel costs ¥10000 for each night.
The exchange rate is £1 = ¥140
Calculate how much Mario spends on the hotel in pounds.
£….................………….......
(Total for question 5 is 2 marks)
6 Brian bought a hat in France. He paid €45.
The same hat in England costs £39.99.
The exchange rate is £1 = €1.12
Is the hat cheaper in France or in England?
You must show your working.
(Total for question 6 is 3 marks)
7 A pair of trainers cost 3400 rupees in India.
The same pair of trainers cost £68 in the UK.
The exchange rate is £1 = 92 rupees.
Work out the difference between the cost of the trainers in India and in the UK.
Give your answer in pounds (£).
£….................………….......
(Total for question 7 is 3 marks)
8 Carla is on holiday in Italy.
She spends €35 in a restaurant.
The exchange rate is €1 = £0.89
Calculate how much Carla spends in pounds (£).
£….................………….......
(Total for question 8 is 2 marks)
9 The exchange rate in London is £1 = $1.31
The exchange rate in New York is $1 = £0.79
Bernie wants to change some pounds into dollars.
In which of these cities would Bernie get the most dollars?
You must show your working.
(Total for question 9 is 3 marks)
10 George is going on a trip to Vietnam.
He wants to change £750 into Vietnamese dong.
George wants to get as many 200 000 dong notes as possible.
The exchange rate is £1 = 29 000 dong.
Work out the greatest number of 200 000 dong notes that George can get for £750
….................………….......
(Total for question 10 is 3 marks)
11 In Australia a car costs $26 500
In Ireland the same car costs €17 500
The exchange rates are £1 = $1.96 and £1 = €1.14
Work out the difference in price between the car in Australia and Ireland.
Give your answer in pounds (£).
Price in £ = 26,500 / 1.96
Price in £ = 13,520.41
Price in £ = 17,500 / 1.14
Price in £ = 15,350.88
15,350.88 - 13,520.41
Difference= 1,830.47
£….................………….......
(Total for question 11 is 4 marks)
12 In London potatoes cost £0.45 per lb.
In Dublin potatoes cost €1.48 per kilogram.
1 kg = 2.2 lbs
£1 = €1.15
In which city are potatoes better value for money, London or Dublin?
You must show your working.
Price in £ per kg = 1.48 / 1.15
Price in £ per kg = 1.287
Price in £ per kg = £0.45 × 2.2
Price in £ per kg = 0.99
London: £0.99 per kg
Dublin: £1.29 per kg
(Total for question 12 is 3 marks)
13 The exchange rate in London is £1 = €1.15
The exchange rate in Berlin is €1 = £0.88
Angela wants to change some pounds into euros.
In which of these cities would Angela get the most euros?
You must show your working.
£1 = 1 / 0.88 euros
£1 = 1.136 euros
London: 1.15 euros per £1
Berlin: 1.136 euros per £1
Angela gets more euros in London because 1.15 > 1.136.
(Total for question 13 is 3 marks)
14 Frank is travelling from the USA to Germany.
Frank wants to book flights which cost $710 and a hotel which costs €45 per night for 12 nights.
The exchange rates are as follows:
£1 = €1.14
$1 = €0.85
Frank can spend no more than £1000
Work out if Frank is able to book the flights and the hotel.
Flight cost in € = 710 × 0.85 = €603.5
Hotel cost per night = €45
Number of nights = 12
Total hotel cost = 45 × 12 = €540
Frank cannot book the flights and
hotel within £1000 because
Total cost = Flight + Hotel £1003.07 > £1000.
Total cost = 603.5 + 540 = €1143.5
£1 = €1.14
£ = € / 1.14
Total cost in £ = 1143.5 / 1.14 = £1003.07
Budget = £1000
Cost = £1003.07
(Total for question 19 is 4 marks)