1. THE VALUE OF A DOLLAR Comparing currencies and the value of goods

2. Currency: What is it? Currency is…  Something (object or item) used as a medium of exchange  A system of money used in a particular country Synonyms: money, cash, bills, coins, legal tender

3. The United States Dollar  The FED, or Federal Reserve System is responsible for printing and coining money in the U.S  It is a department of the United States Government  The first paper money was printed in the late 1700’s during the American Revolution  The symbol for the U.S Dollar in the currency market is USD

4. How much is a dollar really worth? A Dollar can’t buy much these days, but it can still buy some goodies you’d find in a convenience store… For example: Pop/Soda, Chips & Candy bars So lets say a can of equals $1.00 aka USD 1.0000

5. How much is a dollar really worth? So, how do you compare the prices of In other countries. For example: Canada: $1.50 (CAD) Mexico: 8 Pesos (MXN) France: 1 Euro (EUR) Every currency has a 3 letter code that represents their currency

6. How much is a dollar really worth? Now, let’s find out how far 1 USD goes towards buying a can of coke in each of these countries Currency Converter As of December 10 th, A can of Coke in Canada would cost 73 cents (0.73) USD Now let’s take a look and see what the conversion for Euros and Pesos would be to the USD

7. Why the difference? Every currency holds a separate value in the global market and some currencies are worth more than others. As you saw with the coke in Canada, the United States Dollar is 27% stronger than the Canadian Dollar… This makes the value of the USD go further in countries with currencies that are weaker than the USD (This is good if you are traveling to a country with a weaker currency)

8. Now let’s practice Currency Converter For more info: Video clip The Fed: In Plain English Brain Pop: (login: fortbraden pswd: pioneers) Money