Currency Conversion What is currency What is currency

Currency Conversion

What is currency?

What is currency? • Currency means money • Different countries have different currencies • There are over 100 different currencies in the world all with different names • The Australian currency is called the Australian Dollar

Common Currencies of the World • Great Britain (England, Scotland, Wales) • United States of America • New Zealand • France, Spain, Italy, Germany

Common Currencies of the World • Great Britain (England, Scotland, Wales) Great Britain Pound (GBP) • United States of America US Dollar (USD) • New Zealand Dollar (NZD) • France, Spain, Italy, Germany Euro (EUR)

Common Currencies of the World • Japan • Indonesia • South Africa • Thailand

Common Currencies of the World • Japan Yen (JPY) • Indonesia Rupiah (IDR) • South Africa Rand (ZAR) • Thailand Baht (THB)

Converting Between Currencies • It is possible to convert one currency to another • The conversion rate between currency changes everyday

Conversion Rates The following are today’s conversion rates: 1 AUD = 0. 59 GBP 1 AUD = 0. 91 USD 1 AUD = 1. 14 NZD 1 AUD = EUR 1 AUD = JPY 1 AUD = IDR 1 AUD = ZAR 1 AUD = THB

Converting Currency Convert the following Australian Dollar amount to the given currency: 1. $200 = __________ USD 2. $120 = __________ EUR 3. $500 = __________ NZD

Converting Currency Use your laptop to convert the following currency: 1. $100 GBP to AUD 2. $100 AUD to ZAR (South Africa) 3. $1000 USD to THB (Thailand)

THINK… Mr Biggs wants to buy new Adidas Predator football boots. He has a choice between buying in Australia from Rebel Sport for $220 AUD or buying from an American website Eastbay for $205 USD including delivery. Which option is cheaper?