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EXCHANGE RATE -developing learners.pptx
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- 2. Learning Objective By theend of the lesson learners will be able to convert a given currency using Ratio and Proportion (Using the Multiplicative Relation).
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- 4. I am originallyfrom Nigeria, and the national currency is the Naira. Exchange rates British Pound to Nigerian Naira 1 GBP 1948.12 NGN YOUR TURN Where are you originally from ……………….. Please state the current exchange rate from the British pound (GBP) to your national currency.
- 5. STARTER ACTIVITY INSTRUCTIONS • Writethe name of the country you are from on your mini whiteboard. • Write the name of your home currency underneath it. • Use your phone to check the current exchange rate from £1 (GBP) to your home currency. • Write the exchange rate clearly on your mini whiteboard.
- 6. Learning Objective By theend of the lesson learners will be able to convert a given currency using Ratio and Proportion (Using the Multiplicative Relation).
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- 9. Exchange rates change allthe time depending on how well a country’s economy is doing. The central bank keeps an eye on these changes and adjusts the country’s money rules when
- 10. Example 1: convertingfrom pounds to a foreign currency Given the exchange rate between pound and Australian dollars is , convert to Australian dollars. In the question we are given To convert to Australian dollars Make sure to line up the and as they are the same currency.
- 11. Example 1: convertingfrom pounds to a foreign currency Given the exchange rate between pound and Australian dollars is convert to Australian dollars. Write down the exchange rate and the other information given. Keep the same currencies in line. £ =$ . 𝟏 𝟏 𝟖𝟕 £𝟕𝟎 If you are going FORWARD from the to the other currency then multiply. SOLUTION
- 12. PRACTICE GCSE PAST QUESTION Given£1 = 25 Mexican Peso Convert each of the following into Pesos (a) £4 (b) £10 (c) £5 (d) £20 Jamie goes on holiday to Florida. The exchange rate is £1 = 1.70 dollars. He changes £900 into dollars. How many dollars should he get?
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- 14. Tania went toItaly. She changed £325 into euros (€). The exchange rate was £1 = €1.68 (a)Change £325 into euros (€). € .................................. (2 marks) GCSE PAST QUESTION 2
- 16. Esther went toFrance. She changed £300 into Euros (€). The exchange rate was £1 = €1.25 (a)How many Euros did she get? GCSE PAST QUESTION 3
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- 18. 4. Rosie andJim are going on holiday to the USA. Jim changes £350 into dollars ($). The exchange rate is £1 = $1.34 (a)Work out how many dollars ($) Jim gets. $ .................................. (2) GCSE PAST QUESTION 4
- 19. 4. Rosie andJim are going on holiday to the USA. Jim changes £350 into dollars ($). The exchange rate is £1 = $1.34 (a)Work out how many dollars ($) Jim gets. $ .................................. (2) CHECK YOUR ANSWER - 4
- 20. Example 2: converting froma foreign currency into pounds Sally just came back from a visit to the Philippines. In her purse she still had (peso) which she wanted to convert back into pounds. A quick check on her foreign exchange app told her the current exchange rate was How many pounds will she get? Write down the exchange rate and the other information given. Keep the same currencies in line. If you are going BACK the from the other currency, then DIVIDE. 135÷69=1.9565. £1.96 (to the nearest pence) SOLUTION
- 21. PRACTICE: 2 GCSEPAST QUESTION: 2 Given £1 = $1.50 Convert each of the following into UK pounds (a) $3 (b) $6 (c) $9 (d) $12 After his holiday Jamie changes 160 dollars back into pounds. The exchange rate is still £1 = 1.70 dollars. How much money should he get? Give your answer to the nearest penny. £ .................................
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- 23. When Tania camehome, she changed €117 into pounds. The new exchange rate was £1 = €1.50 (b) Change €117 into pounds. £ ................................. (2) (4 marks)
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- 25. GCSE PAST QUESTION Taniawent to Italy. She changed £325 into euros (€). The exchange rate was £1 = €1.68 (a) Change £325 into euros (€). € .................................. (2) Marks When she came home she changed €117 into pounds. The new exchange rate was £1 = €1.50 (b) Change €117 into pounds. £ ................................. (2) Marks (4 marks)
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- 27. RECAP – STARTERACITVITY – WORKSHEET RATIO & PROPORTION
- 28. Question 1 —Simplifying Ratios a) Simplify the ratio 12 : 18 b) Simplify the ratio 45 : 60 : 15 Solution 1 a) Divide both numbers by the highest common factor (HCF = 6): 12 ÷ 6 = 2 18 ÷ 6 = 3 Answer: 2 : 3 b) HCF of 45, 60, 15 = 15 45 ÷ 15 = 3 60 ÷ 15 = 4 15 ÷ 15 = 1 Answer: 3 : 4 : 1 Question 2 — Part–Whole Ratio Problem The ratio of boys to girls in a class is 3 : 5. If there are 40 students in total, how many are boys? Solution 2 Total ratio parts = 3 + 5 = 8 Each part = 40 ÷ 8 = 5 Boys = 3 parts 3 × 5 = → 15 boys CHECK YOUR ANSWERS