Money Conversion Worksheets
How to Convert Money Between Different Currencies - Just as the use of different languages in different regions and the use of different measurement units in different regions of the world, each country has its currency as well. The difference in currencies of each country is majorly due to its economic background. The strength of a country’s currency solely depends upon the economic strength of that country. For example, the currency of the United States is United States Dollars. Due to the economic stability of the United States, the dollar is considered as a medium of currency exchange worldwide. Currencies of almost every country in the world are evaluated based on its dollar value. Hence the conversion of money value between different currencies is held in most cases based on their dollar values. Although two different currencies can be exchanged without the inclusion of dollars in the process and it can be done at any local currency exchange. But in most cases, a currency is first converted in dollars and then into the second currency.
Introduces the concept of converting Chinese Yuan to U.S. Dollars. On a trip to China with her family, Tina bought a jade pendant that cost her fifty Chinese yuan (50¥). If the exchange rate was 2 Chinese yuan to 1 US dollar, how much did Tina pay in US dollars?View worksheet
Independent Practice 1
Students practice converting Chinese Yuan, South African rand, and Canadian dollars to U.S. dollars. The answers can be found below. Emma wants to buy some books. She decides to compare the prices at some online bookstores. Some of these stores give their prices in other currencies. Look at the exchange rates below. Then, calculate the price of each item in US dollars. Add the last column down to figure out the totals.View worksheet
Independent Practice 2
Students practice converting Euros, Australian dollars and Hong Kong dollars to U.S. dollars. The answers can be found below. Paula Jennings is opening an online clothing store. Below is a list of some items she wants to sell and the prices she wants to charge for them (in US dollars). She also wants to show the price in other currencies. Look at the exchange rates below. Then, calculate the price of each item in euros, Australian dollars, and Hong Kong dollars. Add the last column down to figure out the total cost in each currency.View worksheet
Reviews all skills in the unit. A great take home sheet. Also provides a practice problem. On a trip to Niagara Falls, Sam crossed over to the Canadian side and paid twenty Canadian dollars ($20 CDN) for souvenirs. If the exchange rate was 2 Canadian dollars to 3 US dollars, how much did he pay in US dollars?View worksheet
10 problems that test money conversion skills.View worksheet
Homework and Quiz Answer Key
Answers for the homework and quiz.View worksheet
Answers for the lesson and practice sheets.View worksheet
Tim has 120 apples to sell. He sells Macs at 3/0.40¢ and
Gala at 2/0.40¢ to make $20. Tom is filling in for him and he can't tell them apart.
He sold them all for the same $20, how much did he charge?
120/20 = 6 for $1, divide by 2 = 3 for .50 to get $20