Foreign Currency and Exchange Rates (F)

Welcome to our GCSE Foreign Currency and Exchange Rates revision session, where we're adding a touch of real-world maths to our learning journey. In this session, we're thrilled to introduce a captivating video short that compares how far different vehicles can travel on a gallon of fuel.

If you want to travel abroad, you will have to use a foreign currency. This means you should know how to convert money from one currency to another, using exchange rates. In this GCSE maths quiz you will be asked to change between pounds, euros, dollars (US and Canadian) and Swiss francs.

Converting between two different currencies is really just a special case of solving ratio problems using the Unitary method, as the exchange rate is given in terms of what 1 unit of currency equals. The calculation will either be to multiply or divide – get it wrong, and you could get fleeced! If you’re not sure, change the problem to much easier numbers, and work out what the correct operation is.

When we are preparing to go abroad, we want to know how much foreign currency we can get for £1.