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April 20, 2024

Functional Skills Level 2 exchange rates

1. The exchange rate is 1.3€ for £1. How many Euros would I get for: a) £8? b) £1000? c) £650?

2. How many pounds would I get for: a) 8€? b) 1000€? c) 650€?

3. Ralph is travelling to America. The US Dollar is worth 60p. How many dollars will Ralph get for £2400? When he returns, he has $300 left, but the exchange rate has gone down to 55p. How much Sterling will he get back? How many pounds more would he have got at the old exchange rate?

4. Exchange rates are 90p for a Euro and 70p for a dollar. Which of the following has the highest value? a) 120€ b) £100 c) $150

5. Using the above exchange rates, how many dollars would 1000€ be worth? The following questions refer to the price list below.

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