Transum Software

Currency Conversion


Level 1 Level 2 Exam-Style Description Help More Finance

This is level 1; Simple one-step conversion questions. You can earn a trophy if you get at least 7 questions correct.

Money Exchange

The table to the right is the conversion rates at an airport in London. It lists the value of one British pound whether it is being converted into a different currency (buy) or whether a foreign currency is being converted to pounds (sell).

Give your answers to two decimal places.

Exchange Rates For £1


Blake is setting off from London for a business trip to France. He converts £210 to euros. How many euros will he receive?
Correct Wrong

Carson is going on holiday to Florida. He converts £450 to US dollars. How many dollars will he receive?
Correct Wrong

After working on a farm in Australia, Emily is returning to London. She converts AU$860 to pounds. How many pounds will she receive?
Correct Wrong

Sak is travelling to the UK for a holiday. He converts 11,700 THB to pounds. How many pounds will he receive?
Correct Wrong

In order to compare the cost of living, Madison converts the cost of a beefburger in London, England with the cost of a similar beefburger in Toronto, Canada using the 'Buy' rate shown in the table. The burger costs £3.73 in London. How many Canadian dollars would that be equivalent to?
Correct Wrong

Abigail lived in England but has decided to emigrate to Spain. She converts £24000 to euros. How many Euros will she receive?
Correct Wrong

Olivia is going on holiday to New Zealand. She converts £510 to New Zealand dollars. How many dollars will she receive?
Correct Wrong

After touring Canada, Isabella is returning to the UK. She converts CA$870 to pounds. How many pounds will she receive?
Correct Wrong

Hannah is visiting London to buy an apartment. She converts US$203,000 to pounds. How many pounds will she receive?
Correct Wrong

Out of curiosity, Samantha wonders how much her car would be worth in Thailand. The car costs £16000 in the UK. How much would this be equivalent to in Thailand? [Use the 'Buy' rate for your calculation]
Correct Wrong

This is Currency Conversion level 1. You can also try:
Level 2





Please contact me if you have any suggestions or questions.

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Could we have some on angles too please?"




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Nick Morgan, International

Sunday, March 22, 2020

"On the Currency Exchange tasks, I think the rate are wrong.
When converting funds to a foreign currency you should the "Sell" rate which should be lower than the "Buy" rate, which is used when converting back to pounds.
Your instruction contradict the methods outlined everywhere else.
Is this a mistake?

[Transum: Thanks so much for your feedback Nick. I just did a Google images search to look at photographs people had taken of exchange rates boards around the world. There is indeed a difference in how the words Buy and Sell are interpreted as you can see by the examples below. I guess it is important to point out this inconsistency to pupils!]

Currency exchange rate boards"



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Description of Levels



Level 1 - Simple one-step conversion questions

Level 2 - Multi-step currency conversion problems

Exam Style Questions - A collection of problems in the style of GCSE or IB exam paper questions (worked solutions are available for Transum subscribers).

More on Finance including lesson Starters, visual aids, investigations and self-marking exercises.


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Unit Pricing


Phil is setting off from London for a business trip to Germany. He converts £230 to euros. How many euros will he receive?

If the 'Buy' rate for euros is 1.41 then he will receive 230 × 1.41 = 324.30 euros. Notice that the answer has two digits after the decimal point even though the second one is zero.

After working on a theme park in Australia, Jane is returning to the UK. She converts AU$1010 to pounds. How many pounds will she receive?

If the 'Sell' rate for Australian dollars is 2.22 then she will receive 1010 ÷ 2.22 = £454.96. Notice that the answer has been rounded to two decimal places



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