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?
0.7020
2.) What is the cost of the soda in US dollars?
3
4. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
1.) Convert 500 US Dollars to 500
Canadian Dollars.
4
6. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
1,000
2.) Convert 1,000 British
Pounds to US Dollars. 0.6179
6
7. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
6,000
3.) Convert 6,000 Japanese
81.89
Yen to US Dollars.
7
8. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
10,500
4.) Convert 10,500 US 11.67
Dollars to Mexican Pesos.
8
9. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
2,000,000
5.) Convert 2,000,000 0.7020
US Dollars to Euros.
9
10. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
50,000
6.) Convert 50,000 0.9388
Australian Dollars to US
Dollars.
10
11. Currencies Exchange Rates (as of 5/19/11)
US Dollar 1
Japanese Yen 81.89
Euro 0.7020
British Pound 0.6179
Australian Dollar 0.9388
Canadian Dollar 0.9676
Mexican Peso 11.67
300,000
7.) Convert 300,000
81.89
US Dollars to
Japanese Yen.
11
12. BEFORE YOU LEAVE
Why is it important for people involved with business
to understand how to convert currencies?
Dollar to Yen
Dollar to Euro
12