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AIM: Converting Money


                        Do Now


              Weekly Quiz #19




                                 1
Homework: Pages 286-287#5-9 all, 20-22 all




                                             2
Anticipatory Set
1.) Suppose that your family
takes a trip to Paris, France and
when you get there, you try to
buy a soda. The price of the
soda is 1.16 Euros and you only
have US dollars. What should
you do?




      2.) What is the cost of the soda in US dollars?




                                                        3
Proportion for Today


                  Given amount
     x            of money
                 Exchange Rate
Exchange Rate
                 for Given amount
for x
                 of money




                                    4
5
6
7
Currencies            Exchange Rates (as of 5/22/12)

US Dollar             1

Japanese Yen          79.73

Euro                  0.7840

British Pound         0.6342

Australian Dollar     1.0123

Canadian Dollar       1.0184

Mexican Peso          13.7175




1.) Convert 500 US Dollars to
Canadian Dollars.




                                                       8
Old Rates




            9
Currencies              Exchange Rates (as of 5/22/12)

US Dollar               1

Japanese Yen            79.73

Euro                    0.7840

British Pound           0.6342

Australian Dollar       1.0123

Canadian Dollar         1.0184

Mexican Peso            13.7175




  2.) Convert 1,000 British
  Pounds to US Dollars.




                                                         10
Currencies             Exchange Rates (as of 5/22/12)

US Dollar              1

Japanese Yen           79.73

Euro                   0.7840

British Pound          0.6342

Australian Dollar      1.0123

Canadian Dollar        1.0184

Mexican Peso           13.7175




    3.) Convert 6,000 Japanese
    Yen to US Dollars.




                                                        11
Currencies           Exchange Rates (as of 5/22/12)

US Dollar            1

Japanese Yen         79.73

Euro                 0.7840

British Pound        0.6342

Australian Dollar    1.0123

Canadian Dollar      1.0184

Mexican Peso         13.7175




 4.) Convert 10,500 US
 Dollars to Mexican Pesos.




                                                      12
Currencies              Exchange Rates (as of 5/22/12)

US Dollar               1

Japanese Yen            79.73

Euro                    0.7840

British Pound           0.6342

Australian Dollar       1.0123

Canadian Dollar         1.0184

Mexican Peso            13.7175




       5.) Convert 2,000,000
       US Dollars to Euros.




                                                         13
Currencies                 Exchange Rates (as of 5/22/12)

US Dollar                  1

Japanese Yen               79.73

Euro                       0.7840

British Pound              0.6342

Australian Dollar          1.0123

Canadian Dollar            1.0184

Mexican Peso               13.7175




       6.) Convert 50,000
       Australian Dollars to US
       Dollars.




                                                            14
Currencies            Exchange Rates (as of 5/22/12)

US Dollar             1

Japanese Yen          79.73

Euro                  0.7840

British Pound         0.6342

Australian Dollar     1.0123

Canadian Dollar       1.0184

Mexican Peso          13.7175




       7.) Convert 300,000
       US Dollars to
       Japanese Yen.




                                                       15
Would you rather have
10,000 US Dollars or
10,000 Euros? Explain your
answer.




                             16
BEFORE YOU LEAVE
Why is it important for people involved with business
to understand how to convert currencies?

               Dollar to Yen
                 Dollar to Euro




                                                        17
Mr. Tjersland's Math 7




Homework: Homework Sheet




                                 18

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Day 6 money

  • 1. AIM: Converting Money Do Now Weekly Quiz #19 1
  • 2. Homework: Pages 286-287#5-9 all, 20-22 all 2
  • 3. Anticipatory Set 1.) Suppose that your family takes a trip to Paris, France and when you get there, you try to buy a soda. The price of the soda is 1.16 Euros and you only have US dollars. What should you do? 2.) What is the cost of the soda in US dollars? 3
  • 4. Proportion for Today Given amount x of money Exchange Rate Exchange Rate for Given amount for x of money 4
  • 5. 5
  • 6. 6
  • 7. 7
  • 8. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 1.) Convert 500 US Dollars to Canadian Dollars. 8
  • 10. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 2.) Convert 1,000 British Pounds to US Dollars. 10
  • 11. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 3.) Convert 6,000 Japanese Yen to US Dollars. 11
  • 12. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 4.) Convert 10,500 US Dollars to Mexican Pesos. 12
  • 13. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 5.) Convert 2,000,000 US Dollars to Euros. 13
  • 14. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 6.) Convert 50,000 Australian Dollars to US Dollars. 14
  • 15. Currencies Exchange Rates (as of 5/22/12) US Dollar 1 Japanese Yen 79.73 Euro 0.7840 British Pound 0.6342 Australian Dollar 1.0123 Canadian Dollar 1.0184 Mexican Peso 13.7175 7.) Convert 300,000 US Dollars to Japanese Yen. 15
  • 16. Would you rather have 10,000 US Dollars or 10,000 Euros? Explain your answer. 16
  • 17. BEFORE YOU LEAVE Why is it important for people involved with business to understand how to convert currencies? Dollar to Yen Dollar to Euro 17
  • 18. Mr. Tjersland's Math 7 Homework: Homework Sheet 18