Foreign money and exchange rates test questions - GCSE Maths Numeracy (WJEC) Revision

1

Adam changed £400 into Thai baht when the rate of exchange was £1 = 53 baht.

How many baht did he get?

1,325 baht

21,200 baht

7.55 baht

2

On his way back Adam has 560 Thai baht left. Using the exchange rate £1 = 53 baht, how many pounds can he exchange this for?

£10.57

£10.56

£29,680

3

Amy goes to Switzerland with £200. She exchanges it for Swiss francs at a rate of 1 Swiss franc = £0.68. How many Swiss francs does she get?

232.56 Swiss francs

136 Swiss francs

294.12 Swiss francs

4

Amy comes back from Switzerland with 85 Swiss francs.

She changes it back to pounds at an exchange rate of 1 Swiss franc = £0.68. How many British pounds does she get?

£57.80

£80

£125

5

Meleri exchanges £600 into euros at a rate of £1 = €1.40 for her holiday to Malta.

Whilst she is in Malta she spends €670. On her return she changes what she has left back to pounds at a rate of £1 = €1.55.

How many pounds does she have left at the end of her trip?

£109.68

£121.43

£167.74

6

Questions 6 - 9 are for Intermediate and Higher tier

Chad is going to America for two weeks and needs at least £800 in US dollars.

When he gets to the exchange bureau he finds that the smallest note they have is $50. The exchange rate is £1 = $1.55.

How many dollars will he need and how much this will cost him?

$1,240 which will cost £800

$1,200 which will cost £774.19

$1,250 which will cost £806.45

7

Amina has saved £450 for her holiday to Japan.

The exchange rate is £1 = 122.95 yen and the smallest note the bank has is 500 yen.

Find the maximum yen Amina is able to exchange up to £450 and how much this will cost her.

55,000 yen which will cost £447.34

55,500 yen which will cost £451.40

55,327.50 yen for £450

8

Tia goes to the travel exchange bureau and changes £150 for 386 Australian dollars.

Calculate how many Australian dollars she receives per £1.

2.60 Australian dollars

2.57 Australian dollars

0.39 Australian dollars

9

For my trip to India I have £300 to exchange.

I visit two travel bureaus who are offering the following rates:

Xpress cash: £1 = 95.40 rupees with 0% commission

Uchoose money: £1 = 96.8 rupees with a handling charge of £2.75

Which company would I get more rupees with?

Uchoose money

Xpress cash

Either, they’re both the same

10

Question 10 is for Higher tier

Stephen needs 200 Turkish lira for his holiday to Marmaris.

LiveLira charge a handling fee of £2.15 and advertise an exchange rate of £1 = 4.10 lira.

TurkTaxes add 3.5% onto the amount of British pounds you are exchanging with a rate of £1 = 4.05 lira.

How much will each company want from Stephen for 200 lira?

LiveLira £822.15 TurkTaxes £838.35

LiveLira £48.78 TurkTaxes £49.39

LiveLira £50.93 TurkTaxes £51.11