This video is a quick walkthrough of exchange rates for GCSE maths, and is aimed at around grade 3 / 4 …. please do
– stop the video
– work through the questions
– compare your solutions
I hope the video helps and please do leave a comment – thanks!
Download a copy of the questions here:
Here’s a copy of the written answers:
1. George goes on holiday to Italy. The exchange rate is £1 = €1.15.
He changes £400 into Euros (€).
Calculate how many Euros (€] George receives.
When George returns from holiday he changes €169 back into pounds. The exchange rate is now £1 = €1.18. Calculate how many pounds (£), to the nearest penny, George receives.
2. Carys goes on holiday to America. The exchange rate is £1 = $1.38.
She changes £450 into dollars ($)
Calculate how many dollars ($) Carys receives.
When Carys returns from holiday she changes $130 back into pounds. The exchange rate is now £1 = $1.45. Calculate how many pounds (£), to the nearest penny, Carys receives.
3. Josh is on holiday in Australia. He spends $39 on a cuddly koala toy, as a souvenir. The exchange rate is £1 = $1.84. Calculate how much Josh spent in pounds.
4. Laiba bought a new hoodie while on holiday in Turkey. She paid 249 Turkish lira. The same hoodie in the UK is £24.99. The exchange rate is £1 = 12.01 Turkish lira.
Is the hoodie cheaper in Turkey or in the UK?
You must show your working.
5. A new watch costs ¥21000 in Japan. The same watch costs £169.99 in the UK. The exchange rate is £1 = ¥153.48.
Is the watch cheaper in Japan or in the UK?
You must show your working.
6. The exchange rate in London is £1 = 19.71 South African Rand.
The exchange rate in Cape Town is one South African Rand to £0.05.
Lauren wants to change some pounds in South African Rand.
In which of these cities would Lauren get the most South African Rand?
You must show your working.
7. In Sweden a new canal boat costs 750,000 Swedish krona. In Denmark the same canal boat costs 598,000 Danish krone.
The exchange rates are:
Sweden £1 = 11.85kr
and
Denmark £1 = 8.68kr
Calculate the difference between the cost of the boat in Sweden and Denmark.
Give your answer in pounds to the nearest penny.
8. Ahmed is travelling from France to Egypt. He wants to book a flight that costs €465 (Euros), and a hotel that costs 750E£ (Egyptian pounds) per night, for 7 nights.
The exchange rates are:
£1 = €1.16
€1 = 18.53E£
Ahmed has a budget of £600.
Calculate if Ahmed has enough money in his budget.
Here’s the timestamp:
0:00 Intro
0:48 Question 1
3:08 Question 2
4:40 Question 3
5:28 Question 4
6:45 Question 5
7:51 Question 6
10:12 Question 7
13:20 Question 8
These types of questions appear in all the main GCSE exam boards – Edexcel, AQA, OCR and Educas – and are fairly common for calculator papers.
Top Tips!
- Always work methodically and show your working
- Check your calculations
- Is it a reasonable answer?
Here’s other posts that also might be of interest:
Edexcel GCSE Maths June 2018 Paper 1
Edexcel Maths Higher Paper 2 November 2018
AQA GCSE Maths Higher 2018; Paper 1
Edexcel GCSE Maths Foundation Paper 2017; Paper 3
Edexcel GCSE maths foundation November 2018 paper 2
Speed Distance Time; mid level GCSE mathematics questions
How to factorise equations containing algebra terms
Simplify an algebra fraction using factorising
Expand brackets and simplify; mid-level GCSE maths algebra
Reverse percentage; prices in a sale
Please do leave a comment below if you are not sure. Alternately you can view my YouTube channel and leave a comment there – I’ll always try to respond as quickly as possible.
Watch on YouTube:
Exchange Rates – GCSE maths grade 3 / 4
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