Currency Conversion.

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Presentation transcript:

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 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: $200 = ___________________ USD $120 = ___________________ EUR $500 = ___________________ NZD

Converting Currency Use your laptop to convert the following currency: $100 GBP to AUD $100 AUD to ZAR (South Africa) $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?